Renovated 6-Unit Apartment
For Sale
$999,000
810 810-816 W 38th/ 2120- 2122 Bulloch St, Savannah, GA 31415
Six apartments offer private entrances, updated interiors, and access to a shared fenced courtyard.
Property Size5,245 SF
Price / SF$190.47
Days on Market87
Property Features for 810 810-816 W 38th/ 2120- 2122 Bulloch St
General Information
Standard status
Active
Size
5,245 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Cann Park
Highway Access
Yes
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Amenities
courtyard
Building Details
Year Built
1990
Buildings
2
Listing Agency:
BHHS Bay Street Realty Group
Listed By:
Heather Booth · License #314371
(912) 401-9401
Source:
Thehomesourcegroupga
Added: Aug 4
Changed: Oct 25
Last Checked: Oct 28 at 1:47PM
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 BHHS Bay Street Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,245-square-foot apartment property contains six recently renovated units, each configured with 2 beds and 1 bath and accessed through a private entrance. Improvements include new kitchens and bathrooms, flooring, lighting, split-system HVAC, hot water heaters, and updated electrical and plumbing. Stainless steel refrigerators and stoves are scheduled for installation by the seller before closing. The 1990-built property includes a shared, fenced courtyard between two structures, with space for tenant use and bike storage. Units are available for immediate occupancy.
The property is located at 810 810-816 W 38th / 2120-2122 Bulloch St in Savannah, near downtown, SCAD, other colleges and universities, service and construction businesses, and I-516.
The property is located at 810 810-816 W 38th / 2120-2122 Bulloch St in Savannah, near downtown, SCAD, other colleges and universities, service and construction businesses, and I-516.
Key Highlights
- 6‑unit apartment building with six 2‑bed/1‑bath residences
- 5,245 SF property built in 1990
- Recently renovated kitchens, baths, flooring, lighting, HVAC, plumbing, and electrical systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,573
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,031,460
$1.0M
Cap Rate 7%
$736,757
$736.8K
Cap Rate 9%
$573,033
$573.0K
Market Conditions
NOI Build-Up for 5,245 SF
Gross rent
$100.1K $19.08/SF
− Vacancy
−$6.3K −$1.20/SF
EGI
$93.8K $17.88/SF
− OpEx
−$42.2K −$8.05/SF
NOI
$51.6K $9.83/SF
Area
Savannah, GA
Vacancy
6.30%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,031,460
Cap Rate 7%
$736,757
Cap Rate 9%
$573,033
Alternative Uses
Best Use
Apartment 5plus
$736.8K
$644.7K – $859.6K
NOI $51,573 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.90M
$4.29M – $5.72M
NOI $343,125 @ 7.0% cap · market cap 34.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 31415, GA
11,034
Population
5,591
Households
2
Avg Household Size
37
Median Age
15%
College-Educated
79%
High-School Grad
6.6 sq mi
ZIP Area
1,672
Density / Sq Mi
$37,890
Median Household Income
$28,229
Median Earnings
$973
Median Rent
$112,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Six apartments offer private entrances, updated interiors, and access to a shared fenced courtyard.
Where is this apartment building located?
The property is located at 810 810-816 W 38th/ 2120- 2122 Bulloch St Savannah, GA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 6‑unit apartment building with six 2‑bed/1‑bath residences; 5,245 SF property built in 1990; Recently renovated kitchens, baths, flooring, lighting, HVAC, plumbing, and electrical systems
