Updated Victorian
For Sale
$524,900
743 E Henry Street, Savannah, GA 31401
Residential Income, Savannah, GA
Property Size2,622 SF
Lot Size0.08 Acres
Price / SF$200.19
Days on Market55
Property Features for 743 E Henry Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 2
Parking features
Off Street, On Street
Patio and Porch features
Deck
Interior features
Ceiling Fan(s)
Exterior features
Deck
Appliances
Electric Water Heater, Dryer, Refrigerator, Washer
Subdivision
Padelford
Lot features
City Lot
Directions
From Downtown, Head East on Anderson, turn Left on Paulson, Property is on the corner of Henry
Standard status
Active
APN
2005409015
Size
2,622 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 52 PADELFORD WD
Tax Annual Amount
6282
Legal Description
LOT 52 PADELFORD WD
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
private deck
balcony
front porch
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Building materials
Wood Siding
Roof type
Asphalt
Listing Agency:
Compass Georgia LLC
(912) 509-0441
Listed By:
Scott Dole · License #405203
(910) 508-5447
Added: Jul 7
Changed: Aug 20
Last Checked: Aug 30 at 4:06AM
MLS# SA359341
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1900, this 2,622-square-foot Victorian duplex contains two residences under one roof. The lower unit offers three bedrooms and two full bathrooms, while the upper unit includes two bedrooms and two full bathrooms. Interior improvements include luxury vinyl plank flooring and an updated kitchen downstairs, with electric central heating and cooling serving the property. A private deck and balcony accompany the upper residence, and both units share a front porch.
The property sits on 0.076 acres at 743 E Henry Street in Savannah, Georgia, within the 31401 ZIP code. It is zoned R4 and has public water and public sewer. Three off-street parking spaces are located behind the home, with additional on-street parking. The property is fully leased through June 2027 and offers access to Downtown Savannah, SCAD, Truman Parkway, and The Laundry Diner, which is one block away.
The property sits on 0.076 acres at 743 E Henry Street in Savannah, Georgia, within the 31401 ZIP code. It is zoned R4 and has public water and public sewer. Three off-street parking spaces are located behind the home, with additional on-street parking. The property is fully leased through June 2027 and offers access to Downtown Savannah, SCAD, Truman Parkway, and The Laundry Diner, which is one block away.
Key Highlights
- 2,622‑square‑foot duplex built in 1900
- Five bedrooms and four full bathrooms across two residences
- Lower unit includes 3 bedrooms, 2 full bathrooms, luxury vinyl plank flooring, and an updated kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,801
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide distinct layouts, shared porch access, and outdoor space within a well-maintained duplex property.
Where is this duplex located?
The property is located at 743 E Henry Street 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‑square‑foot duplex built in 1900; Five bedrooms and four full bathrooms across two residences; Lower unit includes 3 bedrooms, 2 full bathrooms, luxury vinyl plank flooring, and an updated kitchen
