Four-Unit Brick
For Sale
$795,000
910 E 35th Street, Savannah, GA 31401
Residential Income, Savannah, GA
Property Size3,304 SF
Lot Size0.11 Acres
Price / SF$240.62
Days on Market220
Property Features for 910 E 35th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R4
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 3
Appliances
Electric Water Heater
Subdivision
Grayson Ward
Directions
Heading north on Waters Avenue turn left onto 37th Street, turn right onto Harmon and right onto 35th street, quadplex will be on your left.
Standard status
Active
APN
2005529008
Size
3,304 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
LOT 94 AND WEST 20 FEET OF LOT 95 GRAYSON WARD
Legal Description
LOT 94 AND WEST 20 FEET OF LOT 95 GRAYSON WARD
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
4
Building materials
Brick
Listing Agency:
Seabolt Real Estate
(912) 233-6609
Listed By:
Staci M. Donegan · License #345816
(912) 247-2052
Added: Jan 23
Changed: Aug 28
Last Checked: Aug 31 at 7:06PM
MLS# SA346893
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 all-brick quadplex contains four one-bedroom, one-bath units within 3,304 square feet. Each residence has a functional layout, updated kitchen and bathroom finishes, and wood flooring. Central heating and central air conditioning serve the property, with electric systems and an electric water heater. The building was constructed in 1920 and is supplied by public water and public sewer.
Located at 910 E 35th Street in Savannah, the property is near Downtown Savannah, Midtown, parks, and dining. Major roadways provide access to the surrounding area. The parcel encompasses 0.11 acres and carries R4 zoning.
Located at 910 E 35th Street in Savannah, the property is near Downtown Savannah, Midtown, parks, and dining. Major roadways provide access to the surrounding area. The parcel encompasses 0.11 acres and carries R4 zoning.
Key Highlights
- Four 1BR/1BA units in a 3,304‑square‑foot quadplex
- All‑brick construction with wood floors throughout
- Updated kitchens and bathrooms in the units
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
$35,032
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
4.41%
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%
$700,640
$700.6K
Cap Rate 7%
$500,457
$500.5K
Cap Rate 9%
$389,244
$389.2K
Market Conditions
NOI Build-Up for 3,304 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
$53.5K $16.20/SF
− Vacancy
−$3.5K −$1.05/SF
EGI
$50.0K $15.15/SF
− OpEx
−$15.0K −$4.54/SF
NOI
$35.0K $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 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%
$700,640
Cap Rate 7%
$500,457
Cap Rate 9%
$389,244
Alternative Uses
Best Use
Multifamily LT 5
$500.5K
$437.9K – $583.9K
NOI $35,032 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$464.1K
$406.1K – $541.5K
NOI $32,488 @ 7.0% cap · market cap 4.09%
Theoretical Best
Warehouse
$3.09M
$2.70M – $3.60M
NOI $216,146 @ 7.0% cap · market cap 27.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
610
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - All-brick residential income property with updated interiors, central systems, and four one-bedroom, one-bath residences.
Where is this quadplex located?
The property is located at 910 E 35th Street Savannah, GA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Four 1BR/1BA units in a 3,304‑square‑foot quadplex; All‑brick construction with wood floors throughout; Updated kitchens and bathrooms in the units
