Multifamily Property for Sale in Savannah, GA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Savannah, GA 31408

Description

Marcus & Millichap is pleased to present Orchard Hill, an 18-unit multifamily investment opportunity located in Savannah, Georgia, offering a compelling value add profile in one of the Southeast’s most resilient and high-growth coastal markets. The property has benefited from approximately $30,000 per unit in interior renovations completed during 2025 including all new HVACs, roofing, and water heaters. Improving unit quality and tenant appeal, while creating opportunity for continued rent growth through alignment with comparable renovated assets in the submarket. Orchard Hill offers a rare opportunity to construct up to eight additional units on the existing site, allowing investors to increase unit density, substantially increase equity, and enhance long-term returns. Savannah’s multifamily fundamentals remain strong, driven by expansion at the Port of Savannah, steady population growth, and limited new multifamily supply. This combination of completed renovations, future development potential, and favorable market dynamics positions Orchard Hill as an attractive opportunity for investors seeking both long-term cash flow and amplified equity appreciation. Investment Highlights: • $30,000 Per Unit in Renovations During 2025 – Includes All-New HVAC Systems, Roofing, and Water Heaters • Stabilized Asset in a High Demand Market • Value-Add Opportunity to Build 8 Additional Units • Limited New Multifamily Supply Supports Rent Growth and Occupancy

Market Context

This multifamily in Savannah, GA is listed for sale. It is offered at an approximate 6.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 67 days. Compare it against other multifamily listings for sale in Savannah, GA — <a href="/search/sale/multifamily/georgia/savannah">view the full market</a>.

As of Q4 2023, the Savannah multifamily market showed a 10.0% vacancy rate. Source: Consensus Q4 2023 market report.

Multifamily market FAQ

Is the Savannah multifamily market tightening or softening?
Vacancy is around 10.0% (Q4 2023).

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