Ranch-Style Residential Income
For Sale
$349,900
Savannah, GA 31406, Savannah, GA 31406
Commercial Sale, Savannah, GA
Property Size2,072 SF
Lot Size0.29 Acres
Price / SF$168.87
Days on Market162
Property Features
General Information
Property type
Commercial Sale
Property subtype
Single Family Residence
Zoning
R1
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 2
Appliances
Dishwasher, Electric Water Heater, Range, Refrigerator, Washer
Standard status
Active
Size
2,072 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4068
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Building materials
Brick
Architectural style
Ranch
Listing Agency:
eXp Realty LLC
(888) 959-9461
Listed By:
Kadeem A. Simon · License #434023
(912) 415-1520
Added: May 1
Changed: Oct 8
Last Checked: Oct 9 at 4:06AM
MLS# SA356014
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 for-sale ranch-style residential income property offers functional living space configured to support continued residential use, along with an additional income-producing structure currently associated with the site. The listing indicates existing income in place, making it suitable for an investor or owner-operator who wants to acquire a working residential asset. Buyer due diligence is required for zoning, licensing, permitted use, business operations, and the verification of income and expenses.
The property is located at 213 Chippewa Drive in Savannah, Georgia 31406, in Chatham County. Zoning is listed as R1. The lot size is approximately 0.29 acres, and the property size is listed at 2,072 square feet. Showings are by appointment only, and residents and staff should not be disturbed.
This offering may fit buyers looking for an owner-operator or investor strategy centered on maintaining and operating a residential asset with income already established. The seller notes potential paths for improved operations through the buyer’s management approach, but any intended repositioning must be validated through buyer-performed due diligence regarding permitted use and future plans. Financials and supporting documents may be available upon request for qualified buyers.
The property is located at 213 Chippewa Drive in Savannah, Georgia 31406, in Chatham County. Zoning is listed as R1. The lot size is approximately 0.29 acres, and the property size is listed at 2,072 square feet. Showings are by appointment only, and residents and staff should not be disturbed.
This offering may fit buyers looking for an owner-operator or investor strategy centered on maintaining and operating a residential asset with income already established. The seller notes potential paths for improved operations through the buyer’s management approach, but any intended repositioning must be validated through buyer-performed due diligence regarding permitted use and future plans. Financials and supporting documents may be available upon request for qualified buyers.
Key Highlights
- Brick ranch home built in 1958
- 4‑bedroom layout with 3 bathrooms
- Central heating and central A/C with electric systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,374
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,480
$407.5K
Cap Rate 7%
$291,057
$291.1K
Cap Rate 9%
$226,378
$226.4K
Market Conditions
NOI Build-Up for 2,072 SF
Gross rent
$39.5K $19.08/SF
− Vacancy
−$2.5K −$1.20/SF
EGI
$37.0K $17.88/SF
− OpEx
−$16.7K −$8.05/SF
NOI
$20.4K $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%
$407,480
Cap Rate 7%
$291,057
Cap Rate 9%
$226,378
Alternative Uses
Best Use
Apartment 5plus
$291.1K
$254.7K – $339.6K
NOI $20,374 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.94M
$1.69M – $2.26M
NOI $135,549 @ 7.0% cap · market cap 38.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 31406, GA
34,579
Population
15,424
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
26.2 sq mi
ZIP Area
1,320
Density / Sq Mi
$66,084
Median Household Income
$41,512
Median Earnings
$1,340
Median Rent
$260,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Ranch-style residential income property for sale in Savannah with existing rental operations and a second income-producing structure.
Where is this single family property located?
The property is located at Savannah, GA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Brick ranch home built in 1958; 4‑bedroom layout with 3 bathrooms; Central heating and central A/C with electric systems
