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Under contract
  • $359,000

    111 W 48th Street, Savannah, GA 31405

    2beds
    984sqft
    : 
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    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
    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.
    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#: SA358716MLS LogoOriginating 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

        DateEventPrice
        6/25/2026Contingent$359,000$365/sqft
        Source: Hive MLS #SA358716 Report a problem
        6/19/2026Listed for sale$359,000+503.4%$365/sqft
        Source: Hive MLS #SA358716 Report a problem
        6/27/2023Listing removed--
        Source: Zillow Rentals Report a problem
        6/6/2023Listed for rent$1,950$2/sqft
        Source: Zillow Rentals Report a problem
        8/13/2019Sold$59,500$60/sqft
        Source: Hive MLS #SA208288 Report a problem
        7/5/2019Pending sale$59,500$60/sqft
        Source: Savannah MLS #208288 Report a problem
        6/27/2019Price change$59,500-8.5%$60/sqft
        Source: Savannah MLS #208288 Report a problem
        6/14/2019Listed for sale$65,000$66/sqft
        Source: Savannah MLS #208288 Report a problem

        Public tax history

        YearProperty taxesTax 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

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        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

        Getting around

        83 / 100
        Very Walkable
        74 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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