97 & 115 Ivey Street Richmond Hill, GA $ 2,500,000
97 & 115 Ivey Street
$ 2,500,000
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97 & 115 Ivey Street

Richmond Hill, GA, 31324
$ 2,500,000
Bedrooms32 Baths16.0 Sq 15,600

Monthly Estimate*

$ 15,393

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Commercial Property for sale in Richmond Hill, GA

for $2,500,000 with 32 bedrooms and 16 full baths. This 15,600 square foot building was built in 1977 on a lot size of 0.46.

Prime Multi-Family Investment - 16 Units in Richmond Hill, GA . This rare offering includes two well-maintained 8-unit buildings for a total of 16 income-producing units, ideally suited for commercial investors or 1031 exchange buyers seeking reliable cash flow and long-term appreciation. Each unit features a 2 bedroom, 1 bath floor plan with a spacious living area and fully equipped dine-in kitchen, appealing to a broad tenant base. The property offers dedicated tenant parking and separate HVAC systems for each unit, helping reduce owner operating expenses and streamline management. Strategically located near major employers, two military bases, top rated schools, retail, dining, and primary transportation corridors, this asset benefits from consistent tenant demand and strong historical occupancy. The Richmond Hill market continues to demonstrate above-average rental stability and growth potential within coastal Georgia. The sale includes 115 Ivey Street (PIN 0532 148), providing scale and operational efficiency in a single acquisition. This investment delivers immediate income, stable returns, and long-term appreciation potential in one of the region’s most sought-after submarkets

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Commercial Contingent

Price

$ 2,500,000

Bedrooms

32

Full Bath

16

Property Type

Commercial

Taxes

$ 0

Style

Multi Family

Lot Size

0.46

Year Built

1977

Town/City

Richmond Hill

County/Region

Bryan

MLS | Web ID

SA342091

Features
General
Living Area 15600.0
Heating Central Electric
Cooling Central Air Electric
Possession Close Of Escrow
Appliances Dishwasher Electric Water Heater Oven Range Refrigerator
Security Features Other
Construction Materials Stucco
Year Built 1977
Property Subtype Multi Family
Current Use Residential Single Family
Parcel Number 0532 148
Community Features Street Lights Sidewalks
County Bryan
New Construction N
Property Type Commercial Sale
In City Limits? (Y/N) N
HOA N
Attached Garage N
Contingency Due Diligence
Garage Y/N N
Full Baths 16
Status Active Under Contract
Directions From Ford Avenue turn right onto Ivey Street and the buildings will be on your left.
City Richmond Hill
Lot Size Units Acres
Lot Size Square Feet 20038.0
Carport Y/N N
Property Attached Y/N Y
Land Lease Y/N N
Showing Instructions See Agent Remarks
Home Warranty Y/N N
Lease Considered Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/sav/SA342091 https://www.propertypanorama.com/instaview/sav/SA342091
Living Area Units Square Feet
Standard Status Active Under Contract
Ownership Type Homeowner/Owner
Property Sub Type Additional Multi Family
Expected Active Date 2025-10-20
Legal Description 20GMD L#29 R HILL VILLAGE PS46:227
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Exterior
Exterior Amenities Other
Water Source Public
Lot Size Area 0.46
Spa N
Lot Size Acres 0.46
Road Surface Type Asphalt
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
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Interior
Flooring Carpet Vinyl
Total Stories 2
Common Walls No One Above No One Below
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Half Baths 0
Total Bedrooms 32
Main Level Bathrooms 0
Total Baths 16
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Internal Only
Street Number 1 97
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* Excluded Features
List By
Heather Murphy

Listing Agent

Keller Williams Coastal Area P

Broker

heather@heathermurphygroup.com

Email

Affordability Calculator

$15,393
Per Month
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Monthly Principal & Interest
$15,393
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3960720 Elementary School
3960847 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/21/2025$2,500,000 Listed Price

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97 & 115 Ivey Street, Richmond Hill, GA, 31324 is a Commercial Property for sale at $2,500,000 with 15,600 sqft and a lot size of 0.46. 97 & 115 Ivey Street has 32 bedrooms, 16.0 baths, and was built in 1977. The property's zip code is 31324 which is in Richmond Hill, GA