About This Home

This 4-bedroom, 2-bathroom multi-family at 720 Waters Avenue in Savannah, GA is listed for $405,000 ($319 per sqft). Built in 1914, the home offers 1,268 sqft of living space on a 0.04 acres lot.

Key Features

  • Built in 1914
  • 0.04 acre lot
  • 2 stories

Property Details

2 stories
2 full
1914

Amenities

A/C
Listing Description

Welcome to 720 Waters Ave, a fully leased legal duplex in the heart of Savannah, GA! This turnkey investment property is a rare find for real estate investors and house hackers searching for multi-family homes for sale in Savannah, offering 4 bedrooms and 2 bathrooms total across two separate units.

This income-producing rental property is already generating $38,400 in gross annual rental income, with both units occupied and cash flowing from day one of ownership. Downstairs unit is furnished, ready for immediate executive rental placement. Step inside to find an updated kitchen with white shaker cabinets, granite countertops, and stainless st

eel appliances, wide-plank flooring throughout, and a fully renovated bathroom with a marble tile surround. Both units offer in-unit washer and dryer connections for added convenience, a rare perk for a Savannah rental property. Unit 720A is leased month-to-month at $1,600/month.

Unit 720B is secured on a fixed lease through April 2027 at $1,600/month, with immediate cash flow and no vacancy risk to start. Outside, enjoy a classic covered front porch perfect for rocking chairs and Savannah evenings, plus offstreet parking for both units.

Whether you're a seasoned investor building a rental portfolio, or a first-time buyer exploring house hacking in Savannah, this fully occupied duplex checks every box. Schedule your private showing today, income-producing multi-family homes like this in Savannah don't last long!

Monthly Cost Estimate

$2,166/mo

20% down · 6.5% · 30 years

Principal$293
Interest$1,755
Insurance$118

Estimates only. Actual payments may vary.

Location

720 Waters Avenue

Savannah, GA 31404

Features & Amenities

Interior Features

Pull Down Attic Stairs

Property Details

Flooring

Vinyl

Outdoor Features

Porch

Parking

Off Street

Heating

CentralElectric (Heating)

Cooling

ElectricCentral Air

Appliances

DishwasherElectric Water HeaterRefrigerator

Questions & Answers

This 4-bedroom, 2-bathroom multi-family at 720 Waters Avenue is listed at $405,000 ($319/sqft). The estimated monthly payment is $2,166 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1914, 0.04 acre lot, 2 stories. Interior Features: Pull Down Attic Stairs.

This property is listed by Shannee L. Theus.

ST

Shannee L. Theus

License 390473

Agent at Keller Williams Coastal Area P

Listed by Keller Williams Coastal Area P · Broker phone: 9123565001 · View on Broker Site

MLS# SA360346· Source: Hive MLS· 109 days on PropertySimple

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

720 Waters Avenue, Savannah, GA 31404

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