301-303 East Henry St
Rare Quadplex In High Growth Area - Rents Below Market HUGE Upside
Marketing description
301–303 E Henry St is a rare quadplex for sale in Downtown Savannah, GA, offering a prime multifamily investment opportunity near SCAD in one of the city’s most walkable and high-demand rental markets. This historic Savannah property features four spacious 2BR/1BA units totaling 5,016 SF, with recent upgrades including a new roof, updated flooring, and interior improvements, while maintaining its unique architectural character. With zero vacancy and strong in-place NOI, the asset provides immediate cash flow alongside significant value-add potential through below-market rents, as comparable units average ~$2,200/month. Ideal for investors seeking a Savannah income property, value-add multifamily, or turnkeyrental investment, this property combines location, stability, and upside in the heart of Historic Downtown Savannah
Investment highlights
Rare Quadplex in Historic Downtown Savannah
Limited supply of multifamily assets in Savannah’s urban core, especially four-unit properties.
Prime SCAD-Adjacent Location
Walking distance to Savannah College of Art & Design, driving consistent demand from students, faculty, and professionals.
Strong In-Place Cash Flow
Stabilized asset with $68,500 NOI and 0% vacancy, providing immediate income.
Significant Value-Add Opportunity
Current rents are well below market, with comparable 2BR units averaging ~$2,200/month, creating clear upside.
Projected 7.75% Cap Rate
Ability to increase returns through rent growth with minimal capital investment.
Recent Capital Improvements Completed
New roof, updated flooring, carpet, and interior paint reduce near-term maintenance costs.
Minimal Renovation Required
Only light improvements needed in one unit to fully realize rent potential.
Desirable Unit Mix
Four spacious 2BR/1BA units appealing to a broad tenant base.
Stable Professional Tenant Base
Consistent occupancy supported by downtown employment and lifestyle demand.
Walkable, High-Demand Rental Corridor
Surrounded by dining, retail, parks, and cultural amenities in one of Savannah’s most vibrant neighborhoods.
Historic Architecture with Modern Updates
Unique character enhances tenant appeal while recent upgrades improve functionality.
Long-Term Appreciation Potential
Located in a supply-constrained, high-growth market with strong fundamentals.
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