Five-Unit Apartment
New
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 Market2
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
Bathroom 3, Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 7, Bedroom 1, Bathroom 2, Bathroom 5, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 4
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
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
shared on-site laundry
multiple porches
large courtyard
Building Details
Year built
1900
Floors in Building
2
Flooring type
Tile - Ceramic, Tile, Hardwood
Building materials
Block, Wood Siding
Listing Agency:
Seabolt Real Estate
(912) 233-6609
Listed By:
Justin R. Hart · License #344334
(323) 236-3715
Added: Sep 10
Changed: Sep 11
Last Checked: Sep 11 at 6:06PM
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.
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,013
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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
