Triplex with Carriage
For Sale
$849,900
829 E 34th St, Savannah, GA 31401
Three residences include private laundry and outdoor space, with a separate carriage-house apartment above storage.
Property Size4,605 SF
Price / SF$184.56
Days on Market135
Property Features for 829 E 34th St
General Information
Standard status
Active
Size
4,605 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 1 x 3BR/1.5BA, 1 x 1BR/1BA
Multifamily Units
3
Amenities
private laundry facilities
outdoor space
Building Details
Year Built
1900
Listing Agency:
Keller Williams Coastal Area P
Listed By:
Kristin Brown · License #301485
(912) 844-2579
Source:
Searchgreateraugustahomes
Added: Jun 5
Changed: Oct 4
Last Checked: Oct 16 at 8:54AM
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 Keller Williams Coastal Area P
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Investment Insights
Based on property information with market context.
The 4,605-square-foot triplex dates to 1900 and comprises three residences. The main building contains a three-bedroom, two-bath apartment on the lower level and a three-bedroom, one-and-a-half-bath apartment upstairs. A separate carriage house pairs a one-bedroom, one-bath apartment with ground-level storage. Each residence has private laundry and access to outdoor space; the units have been updated.
The property is in Savannah, near Downtown, the Starland District, SCAD, hospitals, shopping, dining, and Tybee Island beaches. All three apartments are occupied.
The property is in Savannah, near Downtown, the Starland District, SCAD, hospitals, shopping, dining, and Tybee Island beaches. All three apartments are occupied.
Key Highlights
- Three residences across the main building and carriage house
- 4,605 square feet; built in 1900
- Main building has 3‑bedroom, 2‑bath and 3‑bedroom, 1.5‑bath apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,826
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,520
$976.5K
Cap Rate 7%
$697,514
$697.5K
Cap Rate 9%
$542,511
$542.5K
Market Conditions
NOI Build-Up for 4,605 SF
Gross rent
$74.6K $16.20/SF
− Vacancy
−$4.8K −$1.05/SF
EGI
$69.8K $15.15/SF
− OpEx
−$20.9K −$4.54/SF
NOI
$48.8K $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%
$976,520
Cap Rate 7%
$697,514
Cap Rate 9%
$542,511
Alternative Uses
Best Use
Multifamily LT 5
$697.5K
$610.3K – $813.8K
NOI $48,826 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$646.9K
$566.0K – $754.7K
NOI $45,280 @ 7.0% cap · market cap 5.33%
Theoretical Best
Warehouse
$4.30M
$3.77M – $5.02M
NOI $301,257 @ 7.0% cap · market cap 35.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
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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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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 residences include private laundry and outdoor space, with a separate carriage-house apartment above storage.
Where is this triplex located?
The property is located at 829 E 34th St Savannah, GA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Three residences across the main building and carriage house; 4,605 square feet; built in 1900; Main building has 3‑bedroom, 2‑bath and 3‑bedroom, 1.5‑bath apartments
