309 W 41st St - Multi-Family FOR SALE


Savannah, GA 31401- Metropolitan
$1,189,000 USD
912-712-6606
309 W 41st St, Savannah, GA for Sale
$1,189,000 USD
Multi-Family - FOR SALE
1/61
null | 5.5% Cap Rate

309 W 41st St
Savannah, GA 31401
Metropolitan


HIGHLIGHTS

  • Starland District
  • Value Add potential
  • Buildable lot

OVERVIEW

Prime value-add 4-unit investment opportunity in Savannah’s highly sought-after Starland District. Located at 309 W 41st Street, this multi-family property features four spacious units, each offering 4 bedrooms and 1 bathroom, appealing to student housing, roommate-style living, or workforce housing demand. The property totals approximately 5,358 square feet and has a strong rental history, with each unit currently generating around $2,000/month, providing immediate in-place income with upside potential. Zoned TN-2, this property offers flexibility for continued multifamily use and future development opportunities. A key highlight is the .07-acre off-street parking lot, which presents a potential value-add opportunity for expansion, additional units, or increased density (buyer to verify). Situated in the heart of the Starland District, one of Savannah’s fastest-growing and most desirable neighborhoods, the property benefits from proximity to SCAD, downtown, dining, retail, and entertainment—driving consistent rental demand and long-term appreciation. Ideal for investors seeking strong cash flow, large unit configurations, and development upside in a high-growth Savannah location.

FOR SALE DETAILS

PRICE

$1,189,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

4

PRICE/UNIT

$297,250

CAP RATE

5.5%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

TN-2

APN/PARCEL ID

20073 30002

ASK ABOUT THIS PROPERTY

Danny WorsleyBare Real EstateMore Info
912-712-6606

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Danny WorsleyBare Real EstateMore Info
912-712-6606

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