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816-818 Drayton St 14 Unit Apartment Building $4,225,000 ($301,786/Unit) Savannah, GA 31401
INVESTMENT HIGHLIGHTS
- Premier Location on Forsyth Park
- 100% Occupancy
- Modern Kitchens and Appliances
- 14-Unit Historic Property
- Porches with Park Views
- Hardwood Floors Throughout
EXECUTIVE SUMMARY
If you're seeking a high-return investment in Savannah, look no further than this premier 14-unit apartment building situated directly on Forsyth Park. This property offers a rare combination of historic charm and modern upgrades, making it both timeless and attractive to renters. With hardwood floors, renovated kitchens, and some units boasting porches with serene views of the park, it’s an ideal choice for residents who desire both luxury and convenience.
Currently at 100% occupancy. The demand for rental properties in this prime location is consistently high, especially among SCAD students, professionals, and those drawn to downtown Savannah’s vibrant lifestyle.
Steps away from Savannah's top attractions, including the Savannah College of Art and Design (SCAD), boutique shopping, fine dining, and major hospitals, this property is perfectly positioned to attract high-quality tenants. The booming rental market, driven by economic growth and increased demand, makes this investment a golden opportunity to achieve exceptional returns. Don’t miss your chance to own a historic, income-generating asset in Savannah’s most desirable location.
Currently at 100% occupancy. The demand for rental properties in this prime location is consistently high, especially among SCAD students, professionals, and those drawn to downtown Savannah’s vibrant lifestyle.
Steps away from Savannah's top attractions, including the Savannah College of Art and Design (SCAD), boutique shopping, fine dining, and major hospitals, this property is perfectly positioned to attract high-quality tenants. The booming rental market, driven by economic growth and increased demand, makes this investment a golden opportunity to achieve exceptional returns. Don’t miss your chance to own a historic, income-generating asset in Savannah’s most desirable location.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$393,000
|
$34.63
|
| Taxes |
$54,981
|
$4.84
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$54,981
|
$4.84
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $393,000 |
| Annual Per SF | $34.63 |
| Taxes | |
|---|---|
| Annual | $54,981 |
| Annual Per SF | $4.84 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $54,981 |
| Annual Per SF | $4.84 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $4,225,000 | Building Class | C |
| Price Per Unit | $301,786 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 11,349 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1896/2015 |
| Apartment Style | Low-Rise | ||
| Zoning | 1-R - TN-1 — Traditional Neighborhood-1 | ||
| Price | $4,225,000 |
| Price Per Unit | $301,786 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 11,349 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1896/2015 |
| Zoning | 1-R - TN-1 — Traditional Neighborhood-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Fireplace
- Washer/Dryer Hookup
- Kitchen
- Hardwood Floors
- Family Room
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 2004413038 | Total Assessment | $1,327,880 (2025) |
| Land Assessment | $53,080 (2025) | Annual Taxes | $54,981 ($4.84/SF) |
| Improvements Assessment | $1,274,800 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2004413038
Land Assessment
$53,080 (2025)
Improvements Assessment
$1,274,800 (2025)
Total Assessment
$1,327,880 (2025)
Annual Taxes
$54,981 ($4.84/SF)
Tax Year
2024
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816-818 Drayton St
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