11010 Middleground Rd - Apartments FOR SALE


Savannah, GA 31419- Wilshire Estates-Savannah Mall
$2,750,000 USD
843-952-2295
11010 Middleground Rd, Savannah, GA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/7
null | 6.02% Cap Rate

11010 Middleground Rd
Savannah, GA 31419
Wilshire Estates-Savannah Mall


HIGHLIGHTS

  • The property’s one- and two-bedroom unit mix aligns with consistent demand from Savannah’s growing renter-by-necessity population.
  • Opportunity to enhance revenue through interior upgrades, improved property management, and expense optimization.
  • Smaller, vintage assets like this face less direct competition from newly delivered Class A product.
  • Proximity to major employment drivers supports stable occupancy and long-term tenant retention.
  • A 22-unit property offers an ideal balance of operational efficiency and accessibility for a wide range of investors.
  • Market fundamentals are expected to improve as new supply is absorbed, supporting future rental rate increases.

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire 11010 Middleground Rd, a 22-unit multifamily asset located in Savannah. Constructed in 1974 and situated on approximately 1.10 acres, the property features a desirable unit mix of one- and two-bedroom floorplans that cater to the area’s strong workforce housing demand. The asset offers investors a value-add opportunity through interior improvements, operational efficiencies, and the ability to capture rental upside in a steadily growing coastal market. The property will continue to benefit from sustained renter demand driven by Savannah’s expanding population and employment base. Savannah’s multifamily market continues to demonstrate long-term strength despite short-term supply pressures. The metro has experienced significant population and job growth, largely fueled by the expanding Port of Savannah, one of the fastest-growing ports in the nation, as well as continued investment in logistics, manufacturing, and tourism sectors. While a recent wave of new construction has temporarily softened rent growth and occupancy, demand remains resilient, with absorption levels remaining strong and investor interest continuing across the market. As new supply is absorbed and construction activity moderates, a favorable environment for rent growth and long-term appreciation is emerging. Positioned within this dynamic market, 11010 Middleground Rd offers investors the opportunity to acquire a asset with both in-place cash flow and future upside potential.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

22

PRICE/UNIT

$125,000

CAP RATE

6.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

RM25

APN/PARCEL ID

2078303002

ASK ABOUT THIS PROPERTY

Price BrazzelMarcus & MillichapMore Info
843-952-2295

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Price BrazzelMarcus & MillichapMore Info
843-952-2295

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.