Historic Apartment Building with Carriage
836 E Henry St, Savannah, GA 31401
For Sale
$995,000
Two residential structures provide varied layouts, shared laundry, porches, and a large courtyard in Downtown Savannah.
Property Size5,188 SF
Price / SF$191.79
Days on Market106
Property Features for 836 E Henry St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
shared on-site laundry
multiple porches
large courtyard
Building Details
Year Built
Buildings
Construction
Listing Agency:
Seabolt Real Estate
Listed By:
Justin R. Hart · License #344334
(323) 236-3715
Source:
Myhomesearchtriangle
Added: Jul 25
Changed: Nov 1
Last Checked: Nov 6 at 8:55AM
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 5,188-square-foot multifamily property, built in 1900, includes five residential units across a Victorian main house and a separate carriage house. The primary residence contains two one-bedroom, one-bath units at ground level and a three-bedroom, one-bath unit above. The carriage house adds a studio on the first floor and a one-bedroom, one-bath unit upstairs. Shared laundry, multiple porches, and a large courtyard serve the property.
The property is located at 836 E Henry St in Downtown Savannah, GA 31401, on a corner lot near Forsyth Park. Its two-building configuration and mix of unit layouts create a distinct residential income property profile within a historic urban setting.
The property is located at 836 E Henry St in Downtown Savannah, GA 31401, on a corner lot near Forsyth Park. Its two-building configuration and mix of unit layouts create a distinct residential income property profile within a historic urban setting.
Key Highlights
- Five‑unit multifamily property totaling 5,188 SF
- Built in 1900 with a Victorian main house and separate carriage house
- Main house includes two 1BR/1BA units and one 3BR/1BA unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,013
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,260
$1.0M
Cap Rate 7%
$728,757
$728.8K
Cap Rate 9%
$566,811
$566.8K
Market Conditions
NOI Build-Up for 5,188 SF
Gross rent
$99.0K $19.08/SF
− Vacancy
−$6.2K −$1.20/SF
EGI
$92.8K $17.88/SF
− OpEx
−$41.7K −$8.05/SF
NOI
$51.0K $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%
$1,020,260
Cap Rate 7%
$728,757
Cap Rate 9%
$566,811
Alternative Uses
Best Use
Apartment 5plus
$728.8K
$637.7K – $850.2K
NOI $51,013 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.85M
$4.24M – $5.66M
NOI $339,397 @ 7.0% cap · market cap 34.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
740
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
$477,600
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Savannah, GA
Properties on Market for Apartment buildings in Savannah
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two residential structures provide varied layouts, shared laundry, porches, and a large courtyard in Downtown Savannah.
Where is this apartment building located?
The property is located at 836 E Henry St Savannah, GA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Five‑unit multifamily property totaling 5,188 SF; Built in 1900 with a Victorian main house and separate carriage house; Main house includes two 1BR/1BA units and one 3BR/1BA unit
