118 E Gaston Street Savannah, GA $ 2,750,000
118 E Gaston Street
$ 2,750,000
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118 E Gaston Street

Savannah, GA, 31401
$ 2,750,000
Bedrooms8 Baths4.1 Sq 5,920

Monthly Estimate*

$ 16,932

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Multi-Family Home for sale in Savannah, GA

for $2,750,000 with 8 bedrooms and 4 full baths, 1 half bath. This 5,920 square foot home was built in 1870 on a lot size of 0.066.

Built in 1882 by renowned builder J.J. Hale, this exceptional four-story property offers a rare opportunity to own a premier multi-family residence just steps from Forsyth Park. Seamlessly blending historic grandeur with modern upgrades, the property is configured into three distinct living spaces, providing unmatched flexibility for investors, owner-occupants, or luxury short-term rental strategies. The main residence spans three levels and showcases 5 spacious bedrooms, 2.5 baths, soaring ceilings, elegant period details, and thoughtfully updated finishes throughout. The garden-level apartment offers a private 2-bedroom, 1-bath residence ideal for rental income, guests, or extended family. Completing the property is a separate carriage house above the private off-street garage, featuring a stylish 1-bedroom, 1-bath suite with excellent income potential. Full Non-Owner-Occupied STVR certificates provide exceptional flexibility — live in one unit while generating income from the others, or operate all units as luxury short-term rentals. The property may also be conveyed fully furnished, offering a true turnkey opportunity. Located in Savannah’s most coveted downtown corridor, 118 E Gaston is moments from acclaimed dining, shopping, and cultural landmarks. This is a rare chance to acquire a historic, income-producing asset in one of the city’s strongest rental markets.

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Multi-Family Active

Price

$ 2,750,000

Bedrooms

8

Full Bath

4

Half Bath

1

Property Type

Multi-Family

Taxes

$ 9,921

Style

Victorian

Lot Size

0.066

Year Built

1870

Town/City

Savannah

County/Region

Chatham

MLS | Web ID

SA346210

Features
General
Living Area 5920.0
Heating Central Electric
Cooling Central Air Electric
Utilities Cable Available
Possession Close Of Escrow
Roof Asphalt
Appliances Dishwasher Electric Water Heater Disposal Microwave Oven Range Washer Dryer Refrigerator
Zoning RIPA
Garage Spaces 1.0
Patio/Porch Features Covered Patio Porch Balcony Deck Front Porch
Architectural Style Victorian
Security Features Security Lights
Construction Materials Brick Concrete Stone Stucco
Year Built 1870
Electric 110 Volts
View Park/Greenbelt
Property Subtype Triplex
Tax Year 2024
Taxes 9921
Parcel Number 2003245009
Community Features Playground Tennis Court(s)
County Chatham
New Construction N
Property Type Residential Income
In City Limits? (Y/N) N
HOA N
Attached Garage N
Energy Efficient Insulation
Garage Y/N Y
Full Baths 4
Status Active
Directions From Drayton St turn right on Gaston it will be the 4th home on the left.
City Savannah
Disclosures Licensed Vacation Rental
Number Of Units Total 0
Lot Size Units Acres
Lot Size Square Feet 2875.0
Carport Y/N N
Green Building Verification Type ENERGY STAR Certified Homes
Property Attached Y/N Y
Land Lease Y/N N
Showing Instructions 24 Hour Access Appointment-Only See Agent Remarks
Home Warranty Y/N N
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Ownership Type Homeowner/Owner
Property Sub Type Additional Triplex
Expected Active Date 2026-01-08
Legal Description E HALF 46 CALHOUN WARD
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Interior
Interior Amenities Ceiling Fan(s) Other Pull Down Attic Stairs See Remarks Wired for Sound Programmable Thermostat
Flooring Ceramic Tile Hardwood
Fireplace Features Decorative
Total Stories 4
Common Walls 1 Common Wall
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Half Baths 1
Laundry Features Laundry Room
Total Bedrooms 8
Attic Features Pull-Down Stairs
Main Level Bathrooms 0
Total Baths 5
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Exterior
Exterior Amenities Balcony Courtyard Deck Landscape Lights
Fencing Stone Privacy Yard Fenced
Parking Features Attached Underground Garage Door Opener Off Street
Lot Features Alley City Lot Garden
Water Source Public
Inclusions Alarm-Smoke/Fire Ceiling Fans Dryer Other-See Agt Remarks Refrigerator Speakers; Wired
Lot Size Area 0.066
Foundation Details Slab
Spa N
Lot Size Acres 0.066
Road Surface Type Asphalt
Waterfront Y/N N
Road Frontage Type Public Road
Crops Included Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
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Internal Only
Street Number 1 118
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* Excluded Features
List By
Matthew Randolph

Listing Agent

Lighthouse Realty Professional

Broker

matthew@therandolphteam.com

Email

Affordability Calculator

$17,759
Per Month
95%
5%
0%
Monthly Principal & Interest
$16,932
Monthly Property Taxes
$827
Monthly Home Insurance
--
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
1/8/2026$2,750,000 Listed Price

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118 E Gaston Street, Savannah, GA, 31401 is a Multi-Family Home for sale at $2,750,000 with 5,920 sqft and a lot size of 0.066. 118 E Gaston Street has 8 bedrooms, 4.1 baths, and was built in 1870. The property's zip code is 31401 which is in Savannah, GA