Multi Family Real Estate

 

Multifamily Properties for Sale in Savannah GA

Overview: Invest in Savannah's Growing Multifamily Market

Savannah, GA continues to attract savvy investors and real estate enthusiasts looking for strong rental markets, long-term growth potential, and a steady demand for housing. At Bare Real Estate, we specialize in connecting buyers with lucrative multifamily properties for sale in Savannah GA—from charming duplexes in historic neighborhoods to modern apartment buildings near the city core.

Whether you're a first-time investor or looking to expand your portfolio, multifamily real estate offers consistent cash flow and a path to long-term wealth. With tourism, military presence, and a growing student population, Savannah is an ideal environment for multifamily investments.

Multifamily Living: A Snapshot of the Savannah Lifestyle

Multifamily properties are not just about investment—they're a gateway to the Savannah lifestyle. Residents of multifamily housing enjoy walkable access to parks, restaurants, and local events. Investors benefit from strong occupancy rates in areas such as Ardsley Park, Baldwin Park, Midtown, and near the Savannah College of Art and Design (SCAD).

Neighborhoods like the Starland District and Victorian District are especially popular among young professionals and students, making them prime locations for duplexes and triplexes. These communities combine Southern charm with urban energy—ideal for attracting and retaining tenants.

Multifamily buildings in suburban areas like Georgetown and Pooler appeal to families and long-term renters seeking more space and modern amenities. No matter your preferred tenant profile, there's a fit for your investment strategy in Savannah.

Savannah GA Multifamily Market Trends & Insights

The market for multifamily for sale in Savannah GA is on the rise. According to recent reports, rental demand remains high across Chatham County, with vacancy rates below the national average. Median rent prices have increased year-over-year, bolstering ROI for multifamily property owners.

In the downtown core, converted historic buildings offer unique charm and premium rents, while newer developments in West Chatham provide modern amenities and room to grow. Investors can choose between turnkey buildings ready for immediate occupancy or value-add properties ripe for renovation.

Financing options are favorable, with both traditional and commercial lending institutions offering competitive rates for qualified investors. Cap rates on Savannah multifamily properties typically range from 6% to 8%, with higher returns possible through short-term rentals or student housing.

Curious about the current inventory? Visit our featured properties page to browse the latest multifamily listings and opportunities.

Benefits of Investing in Savannah Multifamily Real Estate

  • Strong Rental Demand: Driven by tourism, SCAD, the Port of Savannah, and military installations.
  • Historic Preservation Tax Incentives: Many buildings in downtown Savannah qualify for state and federal rehab credits.
  • Flexible Tenant Profiles: Cater to students, professionals, retirees, and tourists.
  • Steady Market Growth: Savannah's population and job market continue to grow, sustaining long-term value.
  • Property Diversity: From duplexes to apartment complexes, there’s a wide range of investment options available.

Work With a Local Savannah Real Estate Expert

The Savannah multifamily market is nuanced, and having a knowledgeable partner makes all the difference. At Bare Real Estate, we understand the local zoning laws, tax codes, and neighborhood dynamics that affect property values and rental performance.

Our experienced Tybee Island and Savannah real estate agents provide detailed property analysis, neighborhood comparisons, and ROI projections to help you make confident, data-driven decisions. We’ll guide you through acquisition, renovation planning, tenant profiling, and more.

Need property management after your purchase? Our network includes reliable vendors and partners who can help maximize your investment from day one.

Start Your Multifamily Investment Journey Today

Ready to explore the best multifamily properties for sale in Savannah GA? Whether you're interested in income-producing triplexes in historic districts or modern 4-unit properties near Pooler, our team at Bare Real Estate is here to help you succeed.

Contact us today to schedule a consultation or view available multifamily listings. Your next investment opportunity is just a click away.

For more property types, check out our other pages:

Multi Family Property For Sale in Savannah GA

$995,000
7 Beds ⋅ 5 Baths ⋅ SA364427 MLS
5-unit multifamily investment property in Downtown Savannah, set on a large corner lot just minutes from Forsyth Park. The historic Victorian main house contains three units — two 1BR/1BA on the ground floor and a 3BR/1BA on the upper level. A separate carriage house adds a studio on the ground floor and a 1BR/1BA above. The property also includes shared on-site laundry, multiple porches, and a large courtyard. Rental income available upon request.

836 E Henry St, Savannah
$650,000
6 Beds ⋅ 4 Baths ⋅ SA364422 MLS
**LIVE IN ONE. RENT OUT THREE. BUILD EQUITY.** Step into a rare opportunity to own a **new construction fourplex** designed for both owner-occupancy and income generation. Live in one unit while renting the remaining three, creating the potential for rental income to help offset your mortgage while building long-term equity. All **three rental units are currently leased for the next 12 months**, providing an immediate income-producing opportunity for the next owner. The property consists of **two 1-bedroom units and two 2-bedroom units**, offering a versatile mix for today's rental market. Each unit features its own **private, separately fenced yard and individual AC unit**, providing added privacy and convenience. Inside, there is **no carpet**, with luxury vinyl plank flooring throughout for a clean, modern, and low-maintenance finish. The property also features **in-unit laundry** and is currently occupied by families. For eligible buyers, the fourplex presents an opportunity to explore **VA financing with owner occupancy**, allowing you to live in one unit while generating rental income from the other three. **Live in one. Collect rent from three. Build equity while owning a new fourplex.** Opportunities like this are not to be overlooked. Schedule your private showing today.

36 Sw Pine St Sw, Ludowici
$650,000
6 Beds ⋅ 4 Baths ⋅ SA364321 MLS
INVESTMENT. LOCATION. UPSIDE. This one checks every box! Tucked into Thomas Square Streetcar District, recently named the BEST neighborhood in the entire South by Southern Living, this duplex is a rare find in one of Savannah's hottest pockets. Step inside to original character at every turn: rich wood floors, historic transoms, classic moldings, fireplaces, and soaring high ceilings that fill both units with natural light. Each side offers three bedrooms and two baths, with spacious living areas, full kitchens, in-unit laundry, and generously sized bedrooms that make both units easy to love and easy to rent. All four full bathrooms have been thoughtfully updated with tiled showers, tubs, and refreshed vanities, blending historic charm with modern comfort. With a strong rental history bringing in $5,650 a month in gross income, this is a true income producing asset in a location that only gets more in demand. Prefer a single family lifestyle instead? The flexible layout allows for potential conversion, giving you options either way. Located within walking distance of neighborhood favorites including The Laundry Diner, PERC Coffee, Cotton & Rye, and Tequila's Town, and just minutes from Forsyth Park, the heart of downtown, and everything Savannah has to offer. A historic duplex with this much character, income, and location is hard to find, don't let this one get away!

309 W 33rd St, Savannah
$399,000
6 Beds ⋅ 4 Baths ⋅ SA363348 MLS
Beautiful new construction duplex estimated to be completed March of 2027 (subject to change). Wall color and flooring color picked by buyer from provided selections. This unit will be located on lot #7. Tentative projected finish date is March.

728 Talmadge Rd Unit A & B Lot 7, Allenhurst
$399,000
6 Beds ⋅ 4 Baths ⋅ SA363345 MLS
Beautiful new construction duplex estimated to be completed March of 2027 (subject to change). Wall color and flooring color picked by buyer from predetermined selections. This unit will be located on lot #1.

728 Talmadge Rd Unit A & B Lot 1, Allenhurst
$525,000
2 Beds ⋅ 1 Baths ⋅ 100602592 MLS
INVESTMENT OPPORTUNITY IN HAVLOCK, NC -- 4-UNIT APARTMENT COMPLEX Income-Producing 4-Unit Multifamily Property Near MCAS Cherry Point! Don't miss this opportunity to own a four-unit apartment complex in Havelock, North Carolina, conveniently located near Marine Corps Air Station Cherry Point. With strong demand for rental housing in the area, this property offers an excellent opportunity for investors looking to add a cash-flowing multifamily property to their portfolio. Each unit features 2 bedrooms and 1 bathroom, providing a desirable layout for military personnel, families, and local renters. Property Highlights: • 4 total apartment units • 2 bedrooms / 1 bath per unit • Convenient Havelock location • Close to MCAS Cherry Point • One unit currently operated as an Airbnb • Airbnb unit rents for approximately $90 per night • Airbnb averaging approximately $1,300 per month • Newer flooring • Updated countertops • Strong local rental demand • Excellent potential for additional income and long-term appreciation With the continued growth and expansion surrounding the Cherry Point area, rental housing remains in demand. This property gives investors the flexibility to continue short-term rental operations, transition units to long-term rentals, or utilize a combination of rental strategies. Whether you're an experienced investor or looking for your first multifamily property, this four-unit complex deserves a closer look. Don't miss out on this Havelock investment opportunity!

210 Shipman Rd Unit Bldg I, Havelock
$2,250,000
6 Beds ⋅ 5 Baths ⋅ SA364324 MLS
THREE SEPARATELY METERED RESIDENCES | INCOME-PRODUCING OPPORTUNITY | RARE OFF-STREET PARKING | ONE BLOCK FROM FORSYTH PARK. A rare opportunity to own a beautifully restored c.1872 freestanding Italianate Victorian in Savannah’s Landmark Historic District. Currently configured as three distinct, separately metered residences, the property features two elegant residences of more than 2,200 sq. ft. each, plus a private 1-bedroom/1-bath carriage house. All three charming residences have been beautifully restored and are move-in ready, offering exceptional potential for income production, multi-generational living, or owner occupancy with rental income, while retaining the option to enjoy the property as a grand single-family estate with private carriage residence. 207 E Gwinnett Street location is exceptional—just one block from Forsyth Park and steps from neighborhood cafés, restaurants, shopping and Club Bardo, placing many of Savannah’s most celebrated Historic District destinations close at hand. Offering a total of 6 bedrooms, 5 baths and 5,442 sq. ft., the property includes three beautifully renovated kitchens and remarkable flexibility. Historic architectural details include soaring 12-foot ceilings, six original marble fireplaces, restored original heart-pine floors, a grand double foyer and impressive staircase, gracious double parlor, pocket doors, plaster medallions, exceptional millwork, bay windows and solid-wood doors. Extensive improvements include a new standing-seam metal roof with replaced rafters and new gutters; new custom solid-wood entry doors; upgraded electrical; restored windows, shutters, siding and fascia; refinished original wood floors; renovated kitchens and baths; updated lighting; restored plasterwork; and numerous additional improvements throughout. A fenced private bricked courtyard beneath a magnificent mature live oak creates an exceptional outdoor retreat, complemented by rare off-street parking—an especially valuable amenity in Savannah’s Historic District. 6 Bedrooms | 5 Baths | 5,442 Sq. Ft. | 3 Separately Metered Residences | 3 Renovated Kitchens | Rare Off-Street Parking | Private 1BR/1BA Carriage House

207 E Gwinnett St, Savannah
$850,000
1 Beds ⋅ 1 Baths ⋅ SA362631 MLS
Fall in love with the classic charm of its Savannah Grey Brick exterior and premier location of this mid-century multi-unit property at 3801 Habersham Street. Nestled in the highly sought-after Ardsley Park, this beautifully preserved 1948 building is the ultimate addition to your real estate portfolio or a perfect chance to own a piece of Savannah history. Each unit is filled with natural sunlight and boasts timeless architectural character, original hardwood flooring, and spacious living areas. The kitchens offer ample counter space, while the bright bedrooms feature an incredible bonus—unusually large walk-in closets rarely found in homes of this vintage era! The classic post-war tiled bathrooms feature large soaking tubs that add to the historic allure. Location is everything, and this address delivers a truly walkable lifestyle. Your tenants can skip the car and take a quick 10-minute stroll to vibrant Habersham Village to enjoy a grocery store, pharmacy, dry cleaners, and multiple local favorite restaurants. The property features highly coveted off-street parking for residents, plus plenty of open street parking for guests. Positioned right in a central hub, it provides effortless access to downtown Savannah, local hospitals, universities, and shopping centers. Whether you are looking to buy a high-performing rental property with a strong, continuous leasing history or seeking a multi-family asset in a prime location, this turnkey midtown gem is ready for its next chapter. Schedule your showing today and secure a foothold in one of Savannah’s most enduring neighborhoods!

3801 Habersham St, Savannah
$949,900
6 Beds ⋅ 4 Baths ⋅ SA364137 MLS
Fantastic investment opportunity with an assumable VA loan in heart of Savannah! This charming duplex at 19 W 50th Street offers an excellent opportunity for investor or owner-occupant looking to generate rental income. Ideally located near midtown Savannah, shopping, dining, parks, hospitals, and downtown attractions, this property offers both convenience and potential, with two separate living spaces, the possibilities are endless-live in one unit and rent the other, add to your investment Portfolio, or explore income-producing opportunities. Don't miss your chance to own versatile property in a desirable and centrally located Savannah neighborhood.

19 Ww 50th St, Savannah
$649,000
8 Beds ⋅ 4 Baths ⋅ SA364270 MLS
This well-located property features two brick duplex buildings with four total units, making it an excellent opportunity for investors seeking an established rental property in the Savannah area. Each single-story unit offers approximately 760 square feet with 2 bedrooms and 1 full bathroom, along with a small private courtyard/outdoor space. The property is fully tenant occupied and currently generates $4,700 in gross monthly rental income, providing immediate rental income for the new owner. All four units have a functional, efficient layout with comfortable living spaces, and the single-story design offers convenient accessibility for tenants. Major updates include roofs replaced in 2024 and newer HVAC units, helping provide peace of mind. The property's location near Hunter Army Airfield and Savannah Technical College adds to its rental appeal and places tenants close to employment, education, shopping, dining, and major Savannah-area roadways. This property offers an opportunity to add a stabilized multifamily asset to an investment portfolio or begin building one with multiple income-producing units.

11 Hampstead Ave, Savannah
$56,700
4 Beds ⋅ 2 Baths ⋅ 100602183 MLS
Property owned by US Dept of HUD Case # 381-9518353. Insurable Code UI (UnInsurable). Sold ''AS-IS''. EHO. Subject to appraisal. Seller makes no representation or warranties as to property condition. Seller may contribute up to 3 percent for buyer's closing costs upon buyer request. Visit WWW.HUDHomeStore.gov for bid submission deadlines and more info. Bids must be submitted by registered HUD agents/agencies

404 High St, Rocky Mount
$49,900
3 Beds ⋅ 2 Baths ⋅ 100602165 MLS
INVESTOR OPPORTUNITY IN WILSON, NC -- VALUE-ADD DUPLEX Bring your vision to this Wilson duplex and capitalize on the opportunity to renovate, reposition, and create a strong income-producing asset in an affordable Eastern North Carolina market. With two units under one roof, this property offers the potential for multiple rental income streams while allowing an investor to add value through strategic improvements and modernization. For an investor looking for an affordable entry point with the ability to manufacture equity through renovation, this duplex is worth a closer look. Potential uses include: renovate and hold as a long-term rental, improve and maximize rents, or explore a resale strategy after renovation. Buyer to independently verify rental rates, renovation costs, zoning, permits, projected returns, and all other investment assumptions. A value-add opportunity in a community where public and private investment is helping drive continued revitalization.

912 Crawford St S, Wilson
Start Your Search