Fully Renovated
For Sale
$715,000
8 8-10 Mastick St, Savannah, GA 31404
Three updated units occupy two lots near Savannah’s Historic District and Gordonston neighborhood.
Property Size3,281 SF
Price / SF$217.92
Days on Market85
Property Features for 8 8-10 Mastick St
General Information
Standard status
Active
Size
3,281 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1950
Listing Agency:
Seabolt Real Estate
Listed By:
Ruth G. Seese · License #268172
(912) 272-1690
Source:
Bradberrygarnerrealestate
Added: Jul 25
Changed: Oct 8
Last Checked: Oct 16 at 11:14AM
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 Seabolt Real Estate
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Investment Insights
Based on property information with market context.
This three-unit residential property encompasses 3,281 square feet across two lots and was originally built in 1950. The renovation addressed the roof, siding, windows, doors, flooring, fixtures, kitchens, and bathrooms, creating a refreshed configuration with contemporary finishes throughout.
Located at 8 and 10 Mastick Street in Savannah, the property sits near the Historic District and Gordonston neighborhood. The triplex layout supports multiple occupancy approaches, including residing in one unit while leasing the remaining units or leasing all three. Its combination of updated building components, three-unit capacity, and proximity to established Savannah areas provides a practical multifamily ownership format.
Located at 8 and 10 Mastick Street in Savannah, the property sits near the Historic District and Gordonston neighborhood. The triplex layout supports multiple occupancy approaches, including residing in one unit while leasing the remaining units or leasing all three. Its combination of updated building components, three-unit capacity, and proximity to established Savannah areas provides a practical multifamily ownership format.
Key Highlights
- Fully renovated triplex with three units
- 3,281 square feet across two lots
- Renovations include roof, siding, windows, doors, flooring, fixtures, kitchens, and baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,788
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,760
$695.8K
Cap Rate 7%
$496,971
$497.0K
Cap Rate 9%
$386,533
$386.5K
Market Conditions
NOI Build-Up for 3,281 SF
Gross rent
$53.2K $16.20/SF
− Vacancy
−$3.5K −$1.05/SF
EGI
$49.7K $15.15/SF
− OpEx
−$14.9K −$4.54/SF
NOI
$34.8K $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%
$695,760
Cap Rate 7%
$496,971
Cap Rate 9%
$386,533
Alternative Uses
Best Use
Multifamily LT 5
$497.0K
$434.9K – $579.8K
NOI $34,788 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$460.9K
$403.3K – $537.7K
NOI $32,262 @ 7.0% cap · market cap 4.51%
Theoretical Best
Warehouse
$3.07M
$2.68M – $3.58M
NOI $214,641 @ 7.0% cap · market cap 30.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 31404, GA
31,530
Population
14,427
Households
2.2
Avg Household Size
35
Median Age
28%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
2,301
Density / Sq Mi
$49,805
Median Household Income
$31,620
Median Earnings
$1,199
Median Rent
$193,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three updated units occupy two lots near Savannah’s Historic District and Gordonston neighborhood.
Where is this triplex located?
The property is located at 8 8-10 Mastick St Savannah, GA.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Fully renovated triplex with three units; 3,281 square feet across two lots; Renovations include roof, siding, windows, doors, flooring, fixtures, kitchens, and baths
