Savannah Multifamily Income
928 W Victory Drive Savannah, GA 31415
For Sale
$359,000
MULTI_FAMILY - Bungalow - Savannah, GA
Property Size1,950 SF
Lot Size0.09 Acres
Price / SF$184.10
Days on Market167
Property Features for 928 W Victory Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R4
Bedrooms
4
Bathrooms
4
Rooms
Bathroom 3, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
Parking features
On Street, Garage, Off Street
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), Pull Down Attic Stairs
Fireplace
1
Appliances
Some Electric Appliances, Electric Water Heater
Standard status
Active
APN
2007339027
Size
1,950 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 52 CANN WARD
Tax Annual Amount
4286
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
3
Building materials
Brick, Block, Wood Siding
Roof type
Metal
Architectural style
Bungalow
Listing Agency:
Epique Realty
(888) 893-3537
Listed By:
Ed Yannett · License #349501
(912) 844-9000
Added: Feb 13
Changed: Jul 18
Last Checked: Jul 30 at 6:06AM
MLS# SA348813
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.
Located along a central Savannah corridor with convenient access to employment, retail, and transportation routes, 928 West Victory Drive features a stabilized, income-producing opportunity. The property includes three total units on one parcel, including a primary residence and a rear carriage house configured as a duplex. The property is currently rented and generating income. The property size is 1950 square feet and the lot size is 0.09 acres. The zoning is R4. This property delivers three leased doors and diversified rent streams under one address. The setting supports consistent rental demand. This is an investment focused on scale, leverage, and steady growth.
Key Highlights
- Three total units on one parcel: primary residence plus a rear carriage house configured as a duplex, all currently rented
- Income‑producing setup with multiple leased doors under one address
- Built in 1960 bungalow with brick, block, and wood siding and a metal roof
Financial Insights For Multifamily LT 5
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 | $31.6k | $16.20 |
| − Vacancy | −$2.1k | −$1.05 |
| EGI | $29.5k | $15.15 |
| − OpEx | −$8.9k | −$4.54 |
| NOI | $20.7k | $10.60 |
1,950 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Income-producing triplex in Savannah with immediate rental income.
Where is this triplex located?
The property is located at 928 W Victory Drive 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 units on one parcel: primary residence plus a rear carriage house configured as a duplex, all currently rented; Income‑producing setup with multiple leased doors under one address; Built in 1960 bungalow with brick, block, and wood siding and a metal roof
