Historic Victorian
For Sale
$524,900
743 E Henry St, Savannah, GA 31401
Two residential units provide five bedrooms, four full bathrooms, private outdoor areas, and shared porch space.
Property Size2,622 SF
Price / SF$200.19
Days on Market98
Property Features for 743 E Henry St
General Information
Standard status
Active
Size
2,622 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
front porch
private deck and balcony
Building Details
Year Built
1900
Buildings
1
Construction
Victorian
Listing Agency:
Compass Georgia LLC
Listed By:
Scott Dole · License #405203
(910) 508-5447
Source:
Thehomesourcegroupga
Added: Jul 10
Changed: Oct 13
Last Checked: Oct 7 at 4:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Georgia LLC
Investment Insights
Based on property information with market context.
Built in 1900, this 2,622-square-foot Victorian duplex contains two residential units with a combined five bedrooms and four full bathrooms. The lower unit has three bedrooms, two full bathrooms, luxury vinyl plank flooring, and an updated kitchen. The upper unit includes two bedrooms and two full bathrooms, along with a private deck and balcony. Both units share a front porch, and three off-street parking spaces are located behind the property.
The property is at 743 E Henry St in Savannah’s Eastside neighborhood, near Historic Downtown Savannah, SCAD, and Truman Parkway access. The Laundry Diner is one block away, while additional guest parking is available on the street. The duplex is fully leased through June 2027 and has a stated rental history.
The property is at 743 E Henry St in Savannah’s Eastside neighborhood, near Historic Downtown Savannah, SCAD, and Truman Parkway access. The Laundry Diner is one block away, while additional guest parking is available on the street. The duplex is fully leased through June 2027 and has a stated rental history.
Key Highlights
- 2,622 SF Victorian duplex built in 1900
- Five bedrooms and four full bathrooms across two units
- Lower unit includes updated kitchen and luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,801
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,020
$556.0K
Cap Rate 7%
$397,157
$397.2K
Cap Rate 9%
$308,900
$308.9K
Market Conditions
NOI Build-Up for 2,622 SF
Gross rent
$42.5K $16.20/SF
− Vacancy
−$2.8K −$1.05/SF
EGI
$39.7K $15.15/SF
− OpEx
−$11.9K −$4.54/SF
NOI
$27.8K $10.60/SF
Area
Savannah, GA
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,020
Cap Rate 7%
$397,157
Cap Rate 9%
$308,900
Alternative Uses
Best Use
Multifamily LT 5
$397.2K
$347.5K – $463.4K
NOI $27,801 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$368.3K
$322.3K – $429.7K
NOI $25,782 @ 7.0% cap · market cap 4.91%
Theoretical Best
Warehouse
$2.45M
$2.14M – $2.86M
NOI $171,530 @ 7.0% cap · market cap 32.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
Explore this area
Business Placement
Demographics for 31401, GA
22,927
Population
11,832
Households
1.9
Avg Household Size
28
Median Age
48%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
6,743
Density / Sq Mi
$50,182
Median Household Income
$27,309
Median Earnings
$1,428
Median Rent
$477,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide five bedrooms, four full bathrooms, private outdoor areas, and shared porch space.
Where is this duplex located?
The property is located at 743 E Henry St Savannah, GA.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: 2,622 SF Victorian duplex built in 1900; Five bedrooms and four full bathrooms across two units; Lower unit includes updated kitchen and luxury vinyl plank flooring
