720 Waters Avenue Savannah, GA $ 405,000
720 Waters Avenue
$ 405,000
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720 Waters Avenue

Savannah, GA, 31404
$ 405,000
Bedrooms4 Baths2.0 Sq 1,268

Monthly Estimate*

$ 2,557

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Multi-Family Home for sale in Savannah, GA

for $405,000 with 4 bedrooms and 2 full baths. This 1,268 square foot home was built in 1914 on a lot size of 0.045.

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. Step inside to find an updated kitchen with white shaker cabinets, granite countertops, and stainless steel 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!

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Multi-Family Active

Price

$ 405,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,544

Style

Traditional

Lot Size

0.045

Year Built

1914

Town/City

Savannah

County/Region

Chatham

MLS | Web ID

SA360346

Features
General
Living Area 1268.0
Heating Central Electric
Cooling Central Air Electric
Roof Asphalt
Appliances Dishwasher Electric Water Heater Refrigerator
Zoning R4
Patio/Porch Features Front Porch
Architectural Style Traditional
Year Built 1914
Property Subtype Duplex
Tax Year 2023
Taxes 1544.0
Parcel Number 2003429015
County Chatham
New Construction N
Property Type Residential Income
In City Limits? (Y/N) N
HOA N
Attached Garage N
Garage Y/N N
Full Baths 2
Status Active
Directions Waters just off of Gwinnett
City Savannah
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 1960.0
Carport Y/N N
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Ownership Type Investor
Property Sub Type Additional Duplex
Expected Active Date 2026-07-15
Legal Description 5 BLK 2 HULL WARD
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Interior
Interior Amenities Pull Down Attic Stairs
Basement Crawl Space
Flooring Vinyl
Total Stories 2
Common Walls 1 Common Wall
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Half Baths 0
Laundry Features Washer Hookup
Total Bedrooms 4
Attic Features Pull-Down Stairs
Main Level Bathrooms 0
Total Baths 2
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Exterior
Parking Features Off Street
Lot Features Alley City Lot
Water Source Public
Lot Size Area 0.045
Foundation Details Crawlspace
Spa N
Lot Size Acres 0.045
Waterfront Y/N N
Road Frontage Type Public Road
Crops Included Y/N N
Horse Y/N N
Number of Pads 2
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Internal Only
Street Number 1 720
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* Excluded Features
List By
Shannee L. Theus

Listing Agent

Keller Williams Coastal Area P

Broker

shanneetherealtor@gmail.com

Email

Affordability Calculator

$2,686
Per Month
95%
5%
0%
Monthly Principal & Interest
$2,557
Monthly Property Taxes
$129
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
7/15/2026$405,000 Listed Price

Map


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720 Waters Avenue, Savannah, GA, 31404 is a Multi-Family Home for sale at $405,000 with 1,268 sqft and a lot size of 0.045. 720 Waters Avenue has 4 bedrooms, 2.0 baths, and was built in 1914. The property's zip code is 31404 which is in Savannah, GA