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Five-Unit Apartment Building
For Sale
$995,000

836 E Henry Street, Savannah, GA 31401

Residential Income, Savannah, GA

Property Size5,188 SF
Lot Size0.16 Acres
Price / SF$191.79
Days on Market50

Property Features for 836 E Henry Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R4
Bedrooms 7
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 6, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 7, Bathroom 2, Bathroom 5, Bathroom 3, Bathroom 4, Bedroom 2
Parking features Off Street, On Street
Interior features Attic, Permanent Attic Stairs
Appliances Electric Water Heater
Subdivision Telfair
Directions Corner of Henry and Harmon.
Standard status Active
APN 2004220002
Size 5,188 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOTS 110 AND 111 TELFAIR WARD
Tax Annual Amount 5970
Legal Description LOTS 110 AND 111 TELFAIR WARD

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Central Air, Electric
Water source Public

Amenities

shared on-site laundry
multiple porches
large courtyard

Building Details

Year built 1900
Floors in Building 2
Flooring type Tile, Hardwood, Tile - Ceramic
Building materials Block, Wood Siding
Listing Agency: Seabolt Real Estate
Listed By: Justin R. Hart · License #344334
Added: Sep 10 Changed: Oct 22 Last Checked: Oct 29 at 4:06AM
MLS# SA364427

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.

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Investment Insights

Based on property information with market context.

This 5-unit multifamily property combines a Victorian main house with a separate carriage house on a 0.156-acre corner lot. The main residence contains two 1-bedroom, 1-bathroom units on the ground floor and one 3-bedroom, 1-bathroom unit upstairs. The carriage house adds a studio at ground level and a 1-bedroom, 1-bathroom unit above. Total property size is 5188 square feet.

Shared on-site laundry, multiple porches, and a large courtyard serve the property. Interior features include an attic with permanent stairs, hardwood and tile flooring, central air, central heating, and an electric water heater. Public water and public sewer are in place, with off-street and on-street parking available. Zoned R4 and located in Downtown Savannah near Forsyth Park, the property is at 836 E Henry Street.

Key Highlights

  • 5‑unit multifamily property with a 3‑unit main house and 2‑unit carriage house
  • Unit mix includes two 1BR/1BA units, one 3BR/1BA unit, one studio, and one 1BR/1BA unit
  • 5188 square feet on a 0.156‑acre corner lot

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 (±1% cap)
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 (±1% cap)
NOI $339,397 @ 7.0% cap · market cap 34.11%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

740
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Corner-lot multifamily property with a Victorian main house, carriage house, shared laundry, porches, and courtyard.
Where is this apartment building located?
The property is located at 836 E Henry Street 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: 5‑unit multifamily property with a 3‑unit main house and 2‑unit carriage house; Unit mix includes two 1BR/1BA units, one 3BR/1BA unit, one studio, and one 1BR/1BA unit; 5188 square feet on a 0.156‑acre corner lot
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