Located in the heart of Savannah’s rapidly growing Midtown/Starland corridor, 111 W 48th Street presents an outstanding investment opportunity with immediate cash flow. This fully leased duplex consists of two one-bedroom, one-bath residences currently generating $3,200 per month in rental income, or $38,400 annually. At an asking price of $359,000, the property offers compelling value for investors seeking stable returns in a high-demand location.
Each unit has been thoughtfully renovated and features updated kitchens, modern finishes, durable flooring, exposed brick accents, and private fenced backyard spaces. Historic details such as original brick fireplaces and reclaimed wood elements blend seamlessly with contemporary updates, creating attractive living spaces that tenants love.
Just steps from neighborhood favorites including Café Taureau, Late Air, and the vibrant restaurants, shops, and entertainment options of the Starland District, the property offers exceptional walkability and continued rental demand. Convenient access to downtown Savannah, SCAD, Memorial Health, and the Truman Parkway further enhances its appeal.
Whether you're looking to expand your investment portfolio, execute a house-hack strategy, or secure a turnkey income-producing property in one of Savannah’s most sought-after neighborhoods, 111 W 48th Street is a rare opportunity to acquire a fully occupied asset with proven income from day one.
Under contract
$359,000
111 W 48th Street, Savannah, GA 31405
2beds
984sqft
Duplex
Built in 1920
-- sqft lot
$-- Zestimate®
$365/sqft
$-- HOA
What's special
Modern finishesExposed brick accentsPrivate fenced backyard spacesAttractive living spacesReclaimed wood elementsDurable flooringUpdated kitchens
- 17 days |
- 249 |
- 11 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Taavo Roos 912-429-6729,
Seabolt Real Estate
Source: Hive MLS,MLS#: SA358716
Originating MLS: Savannah Multi-List Corporation
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater
Interior area
- Total interior livable area: 984 sqft
Property
Lot
- Size: 3,179 Square Feet
Details
- Parcel number: 2008803009
- Zoning: RIP
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Wright Ward
HOA
- Has HOA: No
Location
- Region: Savannah
Financial & listing details
- Price per square foot: $365/sqft
- Tax assessed value: $155,000
- Annual tax amount: $1,785
- Date on market: 6/19/2026
- Cumulative days on market: 17 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
- Ownership type: Homeowner/Owner
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Contingent | $359,000$365/sqft |
Source: | ||
| 6/19/2026 | Listed for sale | $359,000+503.4%$365/sqft |
Source: | ||
| 6/27/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/6/2023 | Listed for rent | $1,950$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/13/2019 | Sold | $59,500$60/sqft |
Source: | ||
| 7/5/2019 | Pending sale | $59,500$60/sqft |
Source: Savannah MLS #208288 Report a problem | ||
| 6/27/2019 | Price change | $59,500-8.5%$60/sqft |
Source: Savannah MLS #208288 Report a problem | ||
| 6/14/2019 | Listed for sale | $65,000$66/sqft |
Source: Savannah MLS #208288 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,785 +5.9% | $62,000 -9.1% |
| 2024 | $1,685 -1.3% | $68,240 +16.8% |
| 2023 | $1,707 +70.3% | $58,440 +70.3% |
| 2022 | $1,002 +12.1% | $34,320 +18.3% |
| 2021 | $894 +25.9% | $29,000 +29% |
| 2020 | $710 +4.8% | $22,480 +4.9% |
| 2019 | $677 -28.9% | $21,440 +17.8% |
| 2018 | $953 +16.4% | $18,200 +7.6% |
| 2017 | $819 +15.4% | $16,920 -0.9% |
| 2016 | $710 -26.8% | $17,080 -3.2% |
| 2015 | $970 -5.9% | $17,640 -5% |
| 2014 | $1,031 | $18,560 -0.4% |
| 2013 | -- | $18,640 +4% |
| 2012 | -- | $17,920 -9.7% |
| 2011 | -- | $19,840 -38% |
| 2010 | -- | $32,000 |
| 2009 | -- | $32,000 |
| 2008 | -- | $32,000 +75.8% |
| 2007 | -- | $18,200 |
| 2006 | -- | $18,200 |
| 2005 | -- | $18,200 +46.8% |
| 2003 | -- | $12,400 |
| 2002 | -- | $12,400 +10.7% |
| 2001 | -- | $11,200 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Bingville
Nearby schools
GreatSchools rating
- 6/10Hodge Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 2/10Derenne Middle SchoolGrades: 6-8Distance: 0.8 mi
- 2/10Beach High SchoolGrades: 9-12Distance: 0.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Georgia
- Chatham County
- Savannah
- 31405
- Bingville
- 111 W 48th Street








