Premier Apartment Building Overlooking Forsyth Park

Located in Savannah's Victorian Historic District

816-818 Drayton Street
Savannah, GA, 31401

$5,485,000 >>> $5,190,000

14 Units
22 Bed 15 Bath - 11,349 Sq Feet

Situated on the prestigious Forsyth Park, 816-818 Drayton St offers an incredible investment opportunity in Savannah’s most coveted location. This historic building features 14 units spanning 11,349 square feet on .14 acres. With a perfect blend of old-world charm and modern conveniences, this property is ideal for residents seeking the quintessential Savannah lifestyle. Each unit features hardwood floors, modern kitchens with updated appliances, and thoughtful renovations that enhance its historic appeal. This beautiful property is poised for significant income potential, making it an exceptional opportunity for investors seeking high ROI in Savannah’s most desirable location. Positioned next to The Mansion on Forsyth, this property is particularly attractive to SCAD students, professionals, and those drawn to the vibrant Victorian Historic District. Residents will enjoy the convenience of being within walking distance to shopping, dining, SCAD, and the many amenities Forsyth Park has to offer, including tennis courts, basketball courts, and the weekly farmers market. Don't miss this rare chance to own a premier apartment building in Savannah’s finest location, offering exceptional income potential and long-term value.

MLS#  319886

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Premier Investment Opportunity at 816-818 Drayton St.

Historic 14-Unit Property on Forsyth Park with Tremendous Income Potential

The income-producing potential of 816-818 Drayton St is substantial, offering immediate and long-term revenue growth opportunities for investors. Currently at 100% occupancy, this property already generates a solid income. The upside doesn’t stop there—existing rents are currently below market rates, a rarity for such a premium location on Forsyth Park. There is significant potential to bring rents higher with the high demand for properties in this area, further enhancing income. Savannah’s rental market is thriving, fueled by major developments like the expansion of the Port of Savannah, the arrival of Hyundai’s new manufacturing facility, and ongoing economic growth. These factors are driving demand for housing, especially in prime areas like Forsyth Park. This property is uniquely positioned to capitalize on this demand, offering investors the chance to tap into a market with strong rental growth prospects and limited supply. With the right strategy focused on maximizing occupancy, adjusting rents, and maintaining the property’s appeal, this building can transform into a top-performing asset with exceptional returns on investment.

Premier Location on Forsyth Park

The Perfect Location in Savannah's Victorian Historic District

Nestled directly on the iconic Forsyth Park, this property enjoys one of the most coveted addresses in all of Savannah. Forsyth Park is not only the city’s largest and most picturesque green space, but it also serves as a central hub for community life, offering a serene yet vibrant environment for residents. From the park’s majestic oak trees draped in Spanish moss to its wide-open spaces perfect for picnics and relaxation, this location provides a peaceful retreat right outside the front door. The park also plays host to lively community events, such as concerts, art festivals, and the beloved Forsyth Farmers Market, which offers fresh, locally-sourced produce every weekend. This combination of natural beauty and community vibrancy makes the property an exceptional place to live. Located in Savannah’s historic Victorian District, the property is surrounded by beautifully preserved architecture and rich history, giving residents a sense of connection to the past while enjoying the modern conveniences of the city. Just steps away is The Mansion on Forsyth, a luxury hotel and a symbol of elegance in the area, offering fine dining, a spa, and sophisticated gathering spaces. This adds to the property's prestige and desirability. Within walking distance are some of Savannah’s best shopping and dining destinations, where residents can explore everything from boutique shops to local eateries that highlight the city’s renowned food scene. SCAD (Savannah College of Art and Design) is also nearby, making this an ideal residence for students and faculty who seek proximity to campus while enjoying the cultural and recreational benefits of living next to Forsyth Park. Professionals will also appreciate the ease of access to downtown, major businesses, and hospitals, making this property appealing to a wide range of potential tenants. With its perfect blend of natural beauty, historic charm, and modern amenities, this property truly offers the ultimate Savannah lifestyle.

Prime Location

Unbeatable Location: Minutes from SCAD, Downtown Savannah, Hospitals & More!

Located in the heart of Savannah, 816-818 Drayton St offers a lifestyle defined by convenience, accessibility, and the vibrant energy of one of the South’s most iconic cities. Just minutes from SCAD’s student center and classrooms, the property is perfectly positioned for students and faculty looking for proximity to campus life without sacrificing the comforts of home. With such close access to SCAD, this location also attracts professionals working with the institution, making it an ideal residence for a variety of tenants. Beyond the academic hub, residents are only a short walk away from Savannah’s bustling downtown, a lively area filled with unique boutiques, charming cafés, renowned restaurants, and an array of entertainment venues. Whether it’s catching a show, enjoying the city's rich artistic offerings, or dining at one of Savannah’s top-rated restaurants, the best of downtown is just steps from your front door.
The property is also located near several major hospitals, making it a convenient option for healthcare professionals or anyone seeking easy access to some of the best medical facilities in the region. With major hospitals just minutes away, the property appeals to medical staff and patients alike, providing a practical and desirable living option in a central location. Whether you’re taking a leisurely stroll through Forsyth Park, indulging in Savannah’s famous culinary scene, or exploring the city’s rich history and architecture, everything you need is truly at your doorstep at 816-818 Drayton St. This central location offers a unique blend of historic charm, modern convenience, and proximity to Savannah’s best attractions, making it a prime spot for anyone looking to fully immerse themselves in the city's vibrant lifestyle.!

Historic Charm with Modern Conveniences

Historic Appeal with Modern Day Updates

This property is a masterful blend of historic elegance and modern functionality, capturing the essence of Savannah's architectural heritage while meeting the needs of contemporary living. The building proudly retains its original hardwood floors, which not only add warmth and character to each unit but also showcase the craftsmanship and timeless beauty of the era in which the property was built. Every inch of this property reflects thoughtful preservation of its historic charm, from intricate moldings to the original layout that evokes Savannah’s storied past. At the same time, each unit has been carefully upgraded to include modern conveniences that enhance the living experience without sacrificing the property's historic integrity. Renovated kitchens are equipped with high-quality, contemporary appliances, sleek countertops, and stylish finishes, offering both functionality and aesthetic appeal. These updates provide residents with the comfort and ease of modern-day living while still enjoying the charm of a historic setting. Many units feature porches that offer serene views of Forsyth Park, adding a luxurious outdoor space where tenants can relax and take in the beauty of one of Savannah’s most iconic landmarks. These porches not only enhance the livability of the units but also underscore the property's unique appeal, making it stand out in the competitive Savannah rental market. The seamless combination of historic appeal and modern upgrades makes this property a rare find, offering residents the best of both worlds: the charm of a bygone era with all the conveniences of today.

Discover Your Next Investment: Do not miss this income producing opportunity.

Don’t miss the opportunity to experience the splendor of 816 - 818 Drayton Street firsthand. Contact us to schedule your private showing of this investment opportunity. Whether you're captivated by the ideal locations or the possible fixer project this property promises an adventure as grand as your dreams. Act now! Your next project awaits.

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Listed by Brandon Fargo REALTOR®

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