Brick 5-Unit Apartment
9 Hampstead Avenue Savannah, GA 31405
9 Hampstead Avenue, Savannah, GA, 31405
$750,000
For Sale
$750,000
MULTI_FAMILY - Savannah, GA
Property Size4,752 SF
Lot Size0.24 Acres
Price / SF$157.83
Days on Market327
Property Features for 9 Hampstead Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM
- Bedrooms
- 10
- Bathrooms
- 5
- Rooms
- Bathroom 3, Bathroom 4, Bedroom 7, Bedroom 9, Bathroom 5, Bedroom 10, Bedroom 5, Bedroom 6, Bedroom 8, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2
- Fencing
- Chain Link
- Appliances
- Some Electric Appliances, Electric Water Heater, Oven, Range, Refrigerator
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- 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) 202-2042
7301 Waters Avenue, Savannah, GA
Listed by
Andrew C. Myers · License #343717
(912) 659-0299
Added: Aug 27, 2025 Checked: Jul 19 at 8:06 am
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.
Investment Insights
Based on property information with market context.
This turnkey five-unit apartment building features durable brick construction and a straightforward residential layout. Each unit is configured with 2 bedrooms and 1 bathroom, supporting a consistent, repeatable design across the property. With five separate rental units, the building is positioned for investors seeking a smaller multifamily asset rather than a single-tenant arrangement.
The property is located at 9 Hampstead Avenue in Savannah, Georgia (Chatham County). The offering includes a 0.24-acre lot and approximately 4,752 square feet of building area. The listing notes current 100% occupancy with long-term renters already in place.
For buyers looking to own a residential income property, this configuration may be attractive due to its uniform unit mix and existing tenant occupancy. Since the units are already occupied, the property may be suitable for an owner who wants to start managing a stabilized rental operation without waiting for new leasing. This is an RM-zoned, small-scale multifamily building that fits well for investors building or adding to a portfolio of straightforward, income-producing residential assets.
The property is located at 9 Hampstead Avenue in Savannah, Georgia (Chatham County). The offering includes a 0.24-acre lot and approximately 4,752 square feet of building area. The listing notes current 100% occupancy with long-term renters already in place.
For buyers looking to own a residential income property, this configuration may be attractive due to its uniform unit mix and existing tenant occupancy. Since the units are already occupied, the property may be suitable for an owner who wants to start managing a stabilized rental operation without waiting for new leasing. This is an RM-zoned, small-scale multifamily building that fits well for investors building or adding to a portfolio of straightforward, income-producing residential assets.
Key Highlights
- 5‑unit apartment building; each unit has 2 bedrooms and 1 bathroom
- Brick construction with composition roof; chain‑link fencing
- Year built 1976
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.7k | $19.08 |
| − Vacancy | −$5.7k | −$1.20 |
| EGI | $85.0k | $17.88 |
| − OpEx | −$38.2k | −$8.05 |
| NOI | $46.7k | $9.83 |
4,752 SF · lease $19.08/SF/yr · vacancy 6.30% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Turnkey five-unit brick multifamily property with 2-bedroom, 1-bath units and current 100% occupancy.
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: 5‑unit apartment building; each unit has 2 bedrooms and 1 bathroom; Brick construction with composition roof; chain‑link fencing; Year built 1976
