Three-Unit Triplex
For Sale
$359,000
928 W Victory Dr, Savannah, GA 31415
Three leased units combine a main residence with a rear duplex on one parcel.
Property Size1,950 SF
Price / SF$184.10
Days on Market262
Property Features for 928 W Victory Dr
General Information
Standard status
Active
Size
1,950 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Asking Price
$359,000
Multifamily Units
3
Building Details
Year Built
1960
Listing Agency:
Epique Realty
Listed By:
Ed Yannett · License #349501
(912) 844-9000
Source:
Searchgreateraugustahomes
Added: Jan 26
Changed: Oct 1
Last Checked: Oct 14 at 11:24PM
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 Epique Realty
Investment Insights
Based on property information with market context.
This triplex property contains 1,950 square feet and dates to 1960. The layout includes a primary residence plus a rear carriage house arranged as a duplex, creating three separate residential units on one parcel. All units are currently rented, providing an established income-producing configuration rather than vacant space.
The property is located at 928 W Victory Dr in Savannah, with access to employment, retail, and transportation routes along a central corridor. Its unit arrangement brings multiple leased residences together under one address while retaining distinct living spaces within the main structure and rear improvement.
The property is located at 928 W Victory Dr in Savannah, with access to employment, retail, and transportation routes along a central corridor. Its unit arrangement brings multiple leased residences together under one address while retaining distinct living spaces within the main structure and rear improvement.
Key Highlights
- Three total residential units on one parcel
- Primary residence plus rear carriage house duplex
- All units currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,676
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,520
$413.5K
Cap Rate 7%
$295,371
$295.4K
Cap Rate 9%
$229,733
$229.7K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$31.6K $16.20/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$29.5K $15.15/SF
− OpEx
−$8.9K −$4.54/SF
NOI
$20.7K $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%
$413,520
Cap Rate 7%
$295,371
Cap Rate 9%
$229,733
Alternative Uses
Best Use
Multifamily LT 5
$295.4K
$258.5K – $344.6K
NOI $20,676 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$273.9K
$239.7K – $319.6K
NOI $19,174 @ 7.0% cap · market cap 5.34%
Theoretical Best
Warehouse
$1.82M
$1.59M – $2.13M
NOI $127,568 @ 7.0% cap · market cap 35.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 31415, GA
11,034
Population
5,591
Households
2
Avg Household Size
37
Median Age
15%
College-Educated
79%
High-School Grad
6.6 sq mi
ZIP Area
1,672
Density / Sq Mi
$37,890
Median Household Income
$28,229
Median Earnings
$973
Median Rent
$112,300
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three leased units combine a main residence with a rear duplex on one parcel.
Where is this triplex located?
The property is located at 928 W Victory Dr Savannah, GA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Three total residential units on one parcel; Primary residence plus rear carriage house duplex; All units currently rented
