Description
Prime value-add 4-unit investment opportunity in Savannah's highly sought-after Starland District. Located at 309 W 41st Street, this multi-family property features four spacious units, each offering 4 bedrooms and 1 bathroom, appealing to student housing, roommate-style living, or workforce housing demand. The property totals approximately 5,358 square feet and has a strong rental history, with each unit currently generating around $2,000/month, providing immediate in-place income with upside potential. Zoned TN-2, this property offers flexibility for continued multifamily use and future development opportunities. A key highlight is the .07-acre off-street parking lot, which presents a potential value-add opportunity for expansion, additional units, or increased density. Situated in the heart of the Starland District, one of Savannah's fastest-growing and most desirable neighborhoods, the property benefits from proximity to SCAD, downtown, dining, retail, and entertainment-driving consistent rental demand and long-term appreciation. Ideal for investors seeking strong cash flow, large unit configurations, and development upside in a high-growth Savannah location.
Details
| MLS # | SA352132 |
|---|---|
| Listing Type | For Sale |
| Style | Fourplex |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1910 |
| Days On Site | 192 |
| Listing Provided By | Bare Real Estate | Daniel Worsley |
Features
| Bed(s) | 16 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 5,358 |
| Story(s) | 2 |
| Units | 4 |
| Zoning | RIP |
| Acreage | 0.19 |
Interior
| Interior Features | Pull Down Attic Stairs |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Central Air, Electric |
Exterior
| Foundation Details | Crawlspace |
|---|---|
| Lot Features | City Lot |
| Construction Materials | Wood Siding |
Parking
| Parking Features | Off Street, Parking Lot |
|---|
Taxes
| Tax Legal Description | LOT 62 AND WEST 30 FEET OF LOT 61 LOVELL WARD |
|---|---|
| Tax Year | 2025 |
Area Information
| State | GA |
|---|---|
| County | Chatham |
| City | Savannah |
| Zip Code | 31401 |
| Community Name | Lovell |
| Listing VS Median (in Lovell) | |
Price: $995,000 low | high Med: $672,500 sqft: 5,358 low | high Med: 3,537 $ / sqft: $186 low | high Med: $195 On site: 192 low | high Med: 140 | |
Market Activity 31401
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Learn More About This Property
| State | GA |
|---|---|
| County | Chatham |
| City | Savannah |
| Zip Code | 31401 |
| Community Name | Lovell |
| Listing VS Median (in Lovell) | |
Price: $995,000 low | high Med: $672,500 sqft: 5,358 low | high Med: 3,537 $ / sqft: $186 low | high Med: $195 On site: 192 low | high Med: 140 | |