Five-Unit Brick Apartment
For Sale
$750,000
9 Hampstead Ave, Savannah, GA 31405
All five apartments offer two-bedroom, one-bath layouts and are occupied by long-term renters.
Property Size4,752 SF
Price / SF$157.83
Days on Market66
Property Features for 9 Hampstead Ave
General Information
Standard status
Active
Size
4,752 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
5 x 2BR/1BA
Multifamily Units
5
Building Details
Year Built
1976
Construction
brick
Listing Agency:
Seaport Real Estate Group
Listed By:
Andrew C. Myers
(651) 644-9160
Source:
Patrickrealestate
Added: Aug 13
Changed: Oct 16
Last Checked: Oct 7 at 5:28PM
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 Seaport Real Estate Group
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Investment Insights
Based on property information with market context.
This 5-unit brick apartment property contains 4,752 square feet and was built in 1976. The unit mix is consistent throughout, with each apartment configured as 2 bedrooms and 1 bathroom. The building is currently 100% occupied, with long-term renters in place across the property.
Located at 9 Hampstead Ave in Savannah, Georgia, the asset offers an established multifamily configuration suited to buyers seeking a compact apartment property with existing tenancy. Its uniform layouts provide a straightforward operating profile, while the brick construction and established occupancy define the property’s core physical and leasing characteristics.
Located at 9 Hampstead Ave in Savannah, Georgia, the asset offers an established multifamily configuration suited to buyers seeking a compact apartment property with existing tenancy. Its uniform layouts provide a straightforward operating profile, while the brick construction and established occupancy define the property’s core physical and leasing characteristics.
Key Highlights
- 5‑unit brick apartment building
- 4,752 square feet built in 1976
- Each unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,726
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$934,520
$934.5K
Cap Rate 7%
$667,514
$667.5K
Cap Rate 9%
$519,178
$519.2K
Market Conditions
NOI Build-Up for 4,752 SF
Gross rent
$90.7K $19.08/SF
− Vacancy
−$5.7K −$1.20/SF
EGI
$85.0K $17.88/SF
− OpEx
−$38.2K −$8.05/SF
NOI
$46.7K $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%
$934,520
Cap Rate 7%
$667,514
Cap Rate 9%
$519,178
Alternative Uses
Best Use
Apartment 5plus
$667.5K
$584.1K – $778.8K
NOI $46,726 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.44M
$3.89M – $5.18M
NOI $310,874 @ 7.0% cap · market cap 41.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Explore this area
Business Placement
Demographics for 31405, GA
38,069
Population
16,809
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
90%
High-School Grad
31.2 sq mi
ZIP Area
1,220
Density / Sq Mi
$62,123
Median Household Income
$35,836
Median Earnings
$1,431
Median Rent
$304,800
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?
Apartment building - All five apartments offer two-bedroom, one-bath layouts and are occupied by long-term renters.
Where is this apartment building located?
The property is located at 9 Hampstead Ave Savannah, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 5‑unit brick apartment building; 4,752 square feet built in 1976; Each unit includes 2 bedrooms and 1 bathroom
