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

1115 Jones Ave, Tybee Island
$1,150,000
6 Beds ⋅ 6 Baths ⋅ SA367145 MLS
Marshview 6BR/6BA 3250sqft Historic Home w/4 Units & Gunite Pool!! Originally built by the Tybee Beach Company as “Spec Cottage A” in 1924, the year after Tybee Road was opened. Located on a 1/2 Acre Corner Lot, this Residential Compound was the First Example of a Tybee Raised Cottage on the Island! Sold Fully Furnished & Turn-Key for New Owner w/an Active STVR Certificate! Main Home Features 3 Separate Units each w/Screened Porches, Full Kitchens, & Washer/Dryer. Upstairs 3BR/3BA Unit w/Original Hardwood Floors, Spacious Living Area, Custom Kitchen w/Granite Countertops Open to Dining Area & Sunroom w/Stair Access to Pool + Large Screened Wrap-Around Porch w/Ping Pong Table. 2 Separate 1BR/1BA Units Downstairs. Private 1BR 360sqft Studio Cottage in Backyard Overlooks Marsh w/Covered Outdoor Kitchen Pavilion by Pool Area! Plenty of Parking for Guests! Walking Distance to Local Restaurants! Live On-Site & Rent the other 3 Units to Supplement Living Expenses! Only 4 blocks to Beach! Existing STVR Certificate Eligible for One Time Transfer Beginning January 1, 2027, Subject to City Requirements & Approval.

1115 Jones Ave, Tybee Island
613 W 41st St, Savannah
$97,000
4 Beds ⋅ 2 Baths ⋅ SA367119 MLS
A Savannah Investment Opportunity with Endless Potential Unlock the potential of two properties in an area of Savannah experiencing active revitalization. With approximately 1,000 square feet in the main residence and an additional 500-square-foot home, this unique opportunity offers the flexibility to create a distinctive investment with multiple possibilities. Whether you're an investor looking to expand your rental portfolio or a buyer with a vision for a thoughtfully reimagined property, the groundwork is in place to bring your ideas to life. The original hardwood floors and windows remain intact, preserving a touch of historic character, while new interior woodwork has been installed, leaving the properties ready for the next phase of renovation and finishing touches. Envision the smaller residence as a guest cottage, income-producing rental, or private mother-in-law dwelling, complementing the primary home and creating exciting possibilities for future use. A previous permit was acquired from the City of Savannah.

613 W 41st St, Savannah
506 E Broughton St, Savannah
$1,490,000
4 Beds ⋅ 4 Baths ⋅ SA366896 MLS
An 1862 Victorian duplex in Savannah's Landmark Historic District, steps from shops, dining and squares. Two separate 2 BR/2 BA units, each with a private entrance and full kitchen, about 2,900 sq ft total. Strong income: $145,978.38 in 2026 gross rental revenue (completed and confirmed bookings through 12/31/26, as of 10/20/26), plus $39,836.23 already booked for 2027. Holds a non-owner-occupied short-term vacation rental (STVR) certificate. New roof, fresh paint and largely new furnishings. Each unit has its own HVAC, water heater and 200-amp service. Heart pine floors, tall ceilings, pocket doors, fireplaces, double porches and off-street parking for up to four cars. Past performance does not guarantee future results; buyer to verify all information.

506 E Broughton St, Savannah
507 Warren St, Williamston
$40,000
4 Beds ⋅ 2 Baths ⋅ 100612403 MLS
This vacant 2unit duplex offers a strong opportunity for cash flow, with each 2bed, 1bath unit previously renting for $450 per month and plenty of room to add value through repairs or updates. Whether you renovate one unit at a time or tackle both together, the property gives you flexibility to improve income and build equity. Located in Williamston, NC, a small town known for its friendly community, affordable living, and easy access to Greenville and the Inner Banks region, this home sits near local shops, parks, and schools that make the area appealing for longterm tenants. It needs significant work, but for the buyer with tools and vision, it could become a reliable, cashflowing investment in a growing eastern North Carolina market.

507 Warren St, Williamston
729 E Waldburg St, Savannah
$649,999
5 Beds ⋅ 3 Baths ⋅ SA367035 MLS
Great investment opportunity at 729 E Waldburg! This duplex features a spacious 3-bedroom, 2-bath unit on one side and a 2-bedroom, 1-bath unit on the other, offering a total of 5 bedrooms and 3 bathrooms. Rent both units to build your investment portfolio, or live in one and rent the other to help offset ownership costs. With two distinct layouts and flexible income potential, this property is one to explore!

729 E Waldburg St, Savannah
720 Fort Fisher Blvd S, Kure Beach
$1,495,000
4 Beds ⋅ 3 Baths ⋅ 100612241 MLS
From sunrise to sunset, this second-row home checks all the boxes! Just steps from the beach, 720 Fort Fisher Blvd. S. offers the perfect combination of coastal living, flexibility, and income potential. The main home features 3 bedrooms and 2 bathrooms, with the private primary suite occupying the entire top floor--creating a peaceful retreat away from the rest of the home. The property also includes a separate 1-bedroom, 1-bathroom apartment, offering built-in rental income or an ideal space for multigenerational living, guests, or a private home office. The flexible layout gives you options to fit the way you live. Recent updates include new quartz countertops, a new HVAC system, and a newer roof. The home is being sold fully furnished, making it easy to settle in and start enjoying the beach from day one. Also included is a 2018 ICON golf cart that has been garage-kept and looks nearly new--perfect for cruising to the beach, grabbing dinner, or exploring everything Kure Beach and Carolina Beach has to offer. Whether you're looking for a primary residence, second home, investment property, or a combination of all three, this one delivers the coastal lifestyle you've been looking for

720 Fort Fisher Blvd S, Kure Beach
219 E 56th St, Savannah
$750,000
6 Beds ⋅ 3 Baths ⋅ SA366967 MLS
When Ardsley Park opened south of Victory Drive in 1910, it was Savannah’s first real automobile suburb. Within a decade the city kept growing south, and the next chapter was Ardmore. Through the 1920s, ’30s, and ’40s, it filled in with brick bungalows and Revival-style homes on wide, oak-lined blocks. In 1985 the whole area was listed on the National Register of Historic Places, and today it’s known for its tree canopy, its neighborhood parks, and some of the best-built homes in Midtown Savannah. 219 E 56th St is a brick two-family home in the heart of Ardmore, and it’s built for the way people are buying today. There 2 two separate units totaling 3,690 sq ft: a 2 bed / 1 bath leased for $1,900 and expiring in December 2026, and a 4 bed / 2 bath leased for $2,500 expiring in August 2027. It’s a textbook house hacking setup. Live in one unit and let the rental income from the other cover a share of your mortgage, or hold the whole thing as a multi-family investment property. Owner-occupant buyers may qualify for 2–4 unit financing, so check with your lender. HVAC and water heaters were recently replaced. Life here moves at an easy pace. The streets are shaded by live oaks, the parks are close enough to be part of your daily routine, and most of what you need is a short walk or bike ride away. Mornings can start with a run around Daffin Park or a stroll through Hull Park. The home is within walking distance to Savannah Arts Academy, Charles Ellis Montessori Academy, and Jacob G Smith Elementary. Habersham Village handles groceries, coffee, and dinner. In spring the azaleas come out across the neighborhood, and on summer evenings you can hear the ballgame at Grayson Stadium. Forsyth Park, downtown, and Starland are all a few minutes away, so you get a quiet residential street without giving up the city. The 0.16 acre lot is spacious and includes off-street parking. Similar properties nearby have added an ADU (accessory dwelling unit), so there may be room to grow. Buyer to verify with the MPC and complete their own due diligence. You’re a short walk from Hull Park, Daffin Park, the Savannah Arts Academy, and Habersham Village, and minutes from Forsyth Park, the downtown Historic District, the Starland District, and SCAD. A brick duplex in Ardmore/Ardsley Park rarely comes to market.

219 E 56th St, Savannah
1813 Butler Ave, Tybee Island
$975,000
4 Beds ⋅ 4 Baths ⋅ SA366722 MLS
Meet Twin Tides, a fully furnished turn key raised duplex on Tybee's South End, a short walk to the ocean beach one way and the calm Back River the other. Tybrisa Street dining, shops and the pier are just minutes away. Bahama shutters, dual staircases, and off street parking set the island tone. Each level is a private 2 bedroom, 2 bath residence with ensuite baths, laundry and a screened porch. Upstairs, a wall of windows fills the large great room with light, and the kitchen pairs glossy European cabinetry with granite, a commercial hood and double ovens. Downstairs offers an open concept, inviting kitchen and sleeper sofas for additional guests. A detached cottage with heat & air and grilling porch, adds office, workshop or storage space, plus an outdoor shower. All furnishings remain. Live on one level, lease the other or hold it all as an investment. Duplex currently operating as two active, licensed short-term vacation rental units with established rental history. Per City of Tybee Island ordinances, STR certificates do not automatically transfer to a purchaser upon sale. Continued STR use requires a new owner application subject to City approval, deadlines, and current zoning ordinances. Buyers must conduct their own due diligence with the City of Tybee Island STRV Dept prior to closing. Listing agent has a material relationship with the seller.

1813 Butler Ave, Tybee Island
522 E Bolton St Unit ABCD, Savannah
$1,295,000
8 Beds ⋅ 4 Baths ⋅ SA365722 MLS
Beautifully renovated condos in the heart of Savannah’s Historic District, offering a stylish blend of historic charm and modern comfort. They feature hardwood floors, on trend updated kitchens and baths, and two spacious bedrooms in each unit. Enjoy access to a shared courtyard complete with a large hot tub, fire pit, and grill—an ideal space for relaxing or entertaining. Currently operating as active vacation rentals with non-owner-occupied STVR certificates, this property offers an excellent opportunity for continued short-term rental, and owner use. Ideally located just minutes from shopping, Forsyth Park, restaurants, SCAD, and the many attractions of Savannah’s Historic District, this condo puts the best of downtown living right outside your door. Off-street parking! This property is also listed for sale as individual condos 375,000 each. With separate Tax ID numbers unit A -2004306057, unit B-2004306058, unit C-2004306059, unit D-2004306060 the units to be financed separately or together under a portfolio loan or private financing.

522 E Bolton St Unit ABCD, Savannah
712 2nd Ave, Tybee Island
$715,000
3 Beds ⋅ 2 Baths ⋅ SA366816 MLS
Lovingly restored and charmingly decorated, this inviting Tybee Island cottage features two separate living units, offering flexibility as a full-time residence, vacation retreat, or income-producing property. The first level includes one bedroom, a dedicated dining room, a large sun-filled living room, and an expansive screened porch - the perfect place to relax and enjoy the island breeze. The second level offers two bedrooms and one bathroom, providing additional space for family or guests. An additional lot behind the cottage is also available for purchase at an additional price, presenting an exciting opportunity for added privacy, outdoor space, or future possibilities.

712 2nd Ave, Tybee Island
916 Maupas Ave Unit One and Two, Savannah
$580,000
4 Beds ⋅ 2 Baths ⋅ SA366665 MLS
Located in the highly desirable Baldwin Park neighborhood, this stylish duplex, consists of two, 2 bed/1 bath units. Each is newly renovated from top to bottom with beautiful architectural details, gorgeous hardwood floors, and brand new appliances. Each unit has an in-unit washer and dryer, a private back yard with lush landscaping, and an off-street parking space. The property is a block from the vibrant Waters Avenue District and is a few minutes from downtown, the islands and the medical district, and has proven to be easily rentable. This is a great property to live in and enjoy income, or to hold as a solid rental investment. Unit one has been marketed and rented furnished and can be purchsaed as such. Unit two is rented unfurnished.

916 Maupas Ave Unit One and Two, Savannah
1706 Barnard St, Savannah
$590,000
5 Beds ⋅ 2 Baths ⋅ SA366739 MLS
Bring your vision to 1706 Barnard Street, a circa-1908 duplex in Savannah’s highly desirable Thomas Square neighborhood. Offering approximately 1,500 square feet per unit, this historic property presents an exciting opportunity for investors, renovators, and buyers ready to undertake a complete rehabilitation and restoration. With 2,890 square feet combined, the duplex offers generous space to reimagine interiors while honoring its historic character. Explore the potential for an income-producing investment or an owner-occupied residence with a second unit. There is also an opportunity to add an accessory dwelling unit (ADU), or carriage house, subject to zoning, historic preservation requirements, and all necessary approvals. Enjoy a location close to the vibrant Starland District, neighborhood restaurants, cafés, galleries, and local shops, with Forsyth Park, downtown Savannah, and the riverfront just minutes away. This is an opportunity to restore a piece of Savannah’s architectural heritage in a neighborhood celebrated for its creativity, culture, and community. Property requires complete rehabilitation and restoration. The adjacent vacant land is not included in this offering and is not for sale. Bring your contractor, your plans, and your imagination.

1706 Barnard St, Savannah
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