Triplex with Detached Carriage
For Sale
$799,000
836 E Park Ave, Savannah, GA 31401
Three-unit property with a workshop, screened porch, and separate carriage house.
Property Size360 SF
Price / SF$214.04
Days on Market544
Property Features for 836 E Park Ave
General Information
Standard status
Active
Size
360 SF
Property subtype
Residential Income
Additional Details
Warehouse Space
360 SF
Building Details
Building Size
360 SF
Listing Agency:
Seabolt Real Estate
(912) 233-6609
Listed By:
Casey Anderson · License #362190
(706) 338-7321
Source:
Exprealty
Added: Apr 22, 2025
Changed: Oct 16
Last Checked: Oct 16 at 11:43AM
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 triplex property combines a primary residence, detached carriage house, and workshop across 3733 sq ft. The main house offers 4 bedrooms and 3.5 bathrooms within 2573 sq ft, while the 720 sq ft carriage house provides 1 bedroom, 1 bathroom, laundry, and parking. An additional 360 sq ft workshop includes a half bath and can support storage or business use. Interior features include an open layout, family room with a see-through fireplace, screened-in porch, and hot tub.
The property is located at 836 E Park Ave in Savannah, GA, just minutes from Historic Downtown Savannah and 15 miles from Tybee Island. A separate buildable lot with its own parcel ID is also associated with the property. The carriage house is described as suitable for short-term rentals or guest accommodations, creating a flexible residential and rental configuration.
The property is located at 836 E Park Ave in Savannah, GA, just minutes from Historic Downtown Savannah and 15 miles from Tybee Island. A separate buildable lot with its own parcel ID is also associated with the property. The carriage house is described as suitable for short-term rentals or guest accommodations, creating a flexible residential and rental configuration.
Key Highlights
- Three‑unit property totaling 3733 sq ft
- Main house includes 4 bedrooms, 3.5 bathrooms, and 2573 sq ft
- Detached 720 sq ft carriage house has 1 bedroom, 1 bathroom, laundry, and parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,581
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$791,620
$791.6K
Cap Rate 7%
$565,443
$565.4K
Cap Rate 9%
$439,789
$439.8K
Market Conditions
NOI Build-Up for 3,733 SF
Gross rent
$60.5K $16.20/SF
− Vacancy
−$3.9K −$1.05/SF
EGI
$56.5K $15.15/SF
− OpEx
−$17.0K −$4.54/SF
NOI
$39.6K $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%
$791,620
Cap Rate 7%
$565,443
Cap Rate 9%
$439,789
Alternative Uses
Best Use
Multifamily LT 5
$565.4K
$494.8K – $659.7K
NOI $39,581 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$524.4K
$458.8K – $611.8K
NOI $36,706 @ 7.0% cap · market cap 4.59%
Theoretical Best
Warehouse
$3.49M
$3.05M – $4.07M
NOI $244,211 @ 7.0% cap · market cap 30.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with a workshop, screened porch, and separate carriage house.
Where is this triplex located?
The property is located at 836 E Park Ave Savannah, GA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three‑unit property totaling 3733 sq ft; Main house includes 4 bedrooms, 3.5 bathrooms, and 2573 sq ft; Detached 720 sq ft carriage house has 1 bedroom, 1 bathroom, laundry, and parking
