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16-Unit Multifamily Investment Opportunity 1301 Ranger St 16 Unit Apartment Building $3,250,000 ($203,125/Unit) Savannah, GA 31404



Investment Highlights
- Uniform 16-unit
- Directly adjacent to Memorial Health University Medical Center, Savannah’s largest hospital and only Level 1 trauma center
- Surrounded by a dense Medical Arts district of physician offices, clinics, and healthcare providers
- In-unit washer/dryer hookups in every unit
- Within 1.5 miles of Candler Hospital, providing access on two major healthcare systems
- Minutes from retail, grocery, and neighborhood amenities along Victory Drive and DeRenne Ave, as well as Daffin Park and Grayson Stadium
Executive Summary
Blokk Commercial Real Estate is pleased to present 1301 Ranger St, a 16-unit apartment community in Savannah, Georgia, featuring a uniform mix of 2-bedroom/2-bathroom units, each with in-unit washer/dryer hookups, situated on a 1.4-acre site. Tenants are responsible for their own utilities, keeping the operating structure simple. The asset offers a clean, low-complexity platform well suited to either a value-add reposition or a stabilized long-term hold. The property sits in an established, amenity-rich pocket of Savannah's eastside along the Waters Avenue medical corridor. It is directly adjacent to Memorial Health University Medical Center, Savannah's largest hospital and a Level I trauma center, and approximately 1.5 miles from Candler Hospital, giving the immediate area two major hospital systems and their employment base. The property is also surrounded by a dense Medical Arts district of physician offices and outpatient clinics, supporting steady healthcare-driven housing demand well beyond the hospitals themselves. The location offers strong day-to-day convenience and connectivity. Direct access to Harry S. Truman Parkway provides a fast, signal-light-free commute across the city, while Calvary Day School and Juliette Low Elementary sit roughly a half-mile away and Forrest Hills Park, with tennis/pickleball courts, disc golf, and playgrounds, is less than a mile out. Retail and grocery options along Victory Drive and DeRenne Avenue, along with Daffin Park and Grayson Stadium (home of the Savannah Bananas), are all just minutes from the property.
Property Facts
| Price | $3,250,000 | Building Class | C |
| Price Per Unit | $203,125 | Lot Size | 1.40 AC |
| Sale Type | Investment | Building Size | 8,822 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 4.53/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R6 | ||
| Price | $3,250,000 |
| Price Per Unit | $203,125 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.40 AC |
| Building Size | 8,822 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 4.53/1,000 SF |
| Zoning | R6 |
Amenities
Unit Amenities
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 16 | - | - |
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2011403004 | Improvements Assessment | $631,480 |
| Land Assessment | $134,160 | Total Assessment | $765,640 |
Property Taxes
Parcel Number
2011403004
Land Assessment
$134,160
Improvements Assessment
$631,480
Total Assessment
$765,640
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