5-Unit Brick Apartment
For Sale
$750,000
9 Hampstead Avenue, Savannah, GA 31405
Residential Income, Savannah, GA
Property Size4,752 SF
Lot Size0.24 Acres
Price / SF$157.83
Days on Market421
Property Features for 9 Hampstead Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bedroom 9, Bedroom 6, Bathroom 4, Bedroom 7, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 8, Bedroom 10, Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 5, Bathroom 1
Fencing
Chain Link
Appliances
Some Electric Appliances, Electric Water Heater, Oven, Range, Refrigerator
Subdivision
Savannex Sub
Directions
Take Derenne Ave, turn left on White Bluff Rd (at Chick-fil-A), take a right on Hampstead and the Apartments are on the left.
Standard status
Active
APN
2012704007
Size
4,752 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
LOTS 6 AND 7, SAVANNEX SUB, MINGLEDORFF WD
Legal Description
LOTS 6 AND 7, SAVANNEX SUB, MINGLEDORFF WD
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1976
Floors in Building
2
Number of units
5
Flooring type
Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
Seaport Real Estate Group
(912) 210-4767
Listed By:
Andrew C. Myers · License #343717
(912) 659-0299
Added: Aug 27, 2025
Changed: Oct 20
Last Checked: Oct 21 at 7:06AM
MLS# SA337331
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 4,752-square-foot apartment property contains five units, each arranged with two bedrooms and one bathroom. Built in 1976, the brick building sits on 0.24 acres and includes vinyl flooring, central electric heating and cooling, electric water heating, and a composition roof. Unit appliances include ovens, ranges, and refrigerators.
All units are occupied, with long-term renters in place. The property is zoned RM and served by public water and public sewer. A chain-link fence defines the site, while the address places the building in Savannah, Georgia, within ZIP Code 31405.
All units are occupied, with long-term renters in place. The property is zoned RM and served by public water and public sewer. A chain-link fence defines the site, while the address places the building in Savannah, Georgia, within ZIP Code 31405.
Key Highlights
- Five‑unit apartment building with 2 bedrooms and 1 bathroom per unit
- 4,752 square feet on a 0.24‑acre site
- 100% occupancy with long‑term renters in place
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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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 - Five apartments feature two-bedroom, one-bath layouts with established occupancy and public utilities.
Where is this apartment building located?
The property is located at 9 Hampstead Avenue 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: Five‑unit apartment building with 2 bedrooms and 1 bathroom per unit; 4,752 square feet on a 0.24‑acre site; 100% occupancy with long‑term renters in place
