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For sale
  • $935,000

    138 W 51st Street, Savannah, GA 31405

    6beds
    4,000sqft
    : 
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    Quadruplex
    Built in 1950
    -- sqft lot
    $-- Zestimate®
    $234/sqft
    $-- HOA

    What's special

    Rare opportunity to acquire a fully occupied multifamily property in one of Savannah's fastest-growing areas just outside of the Historic Street Car District. This income-producing property features two 2BD/1BA units and two 1BD/1BA units with long-term tenants already in place, providing immediate cash flow from day one and current rental rates provide room for revenue enhancement while maintaining strong demand in this rapidly growing area. Located on Savannah's West Side, this property sits in the heart of an area experiencing significant growth and revitalization. Investors will appreciate the proximity to some of the city's most popular destinations, including Starland Yard, Ardsley Station, Victory North, and Two Tides Brewing Co. The property is also in close proximity to Savannah College of Art and Design facilities, including Montgomery House Residence Hall and Montgomery Hall, SCAD's hub for digital arts, gaming, and animation. Directly across the street, Byte Cafe - further enhancing the area's appeal and long-term rental demand. Adding to the property's appeal, the property is zoned C-3, offering additional flexibility and potential for future redevelopment opportunities. Investors may also have the opportunity to assume the existing VA loan with an attractive 4.25% interest rate, subject to lender approval and qualification. Conveniently positioned on Montgomery Street, Midtown Savannah is just five minutes away, while Victory Drive provides quick access to Daffin Park in under ten minutes. One of Savannah's premier recreational destinations, Daffin Park offers a public pool, tennis courts, basketball courts, playgrounds, a dog park, walking trails, and Grayson Stadium, home of the world-famous Savannah Bananas. *Offering 1% ($9,350) Lender Credit Closing Costs with Use of Preferred Lender* Assumable VA Loan with 4.25% Interest Rate Available & C-3 Zoning Offers Future Development Potential
    37 days
    |
    482
    |
    32
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Victoria Williams Adcock 912-481-8379,

    Seaport Real Estate Group

    Source: Hive MLS,MLS#: SA352315MLS LogoOriginating MLS: Savannah Multi-List Corporation

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Central, Electric
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Dishwasher, Electric Water Heater, Oven, Range, Refrigerator
      • Laundry: In Hall
      Features
      • Flooring: Hardwood, Other, Tile
      • Attic: Scuttle
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 4,000 sqft

      Property

      Parking
      • Parking features: Off Street, Parking Lot
      Features
      • Has view: Yes
      • View description: Panoramic
      Lot
      • Size: 6,316 Square Feet
      • Features: Alley, Corner Lot
      Details
      • Parcel number: 2008817025
      • Zoning: RM25
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Colonial
      • Property subtype: Quadruplex
      Materials
      • Brick, Stucco
      • Roof: Asphalt
      Condition
      • Year built: 1950

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available

      Community & HOA

      Community
      • Features: Shopping, Sidewalks, Walk to School
      HOA
      • Has HOA: No
      Location
      • Region: Savannah

      Financial & listing details

      • Price per square foot: $234/sqft
      • Tax assessed value: $574,200
      • Annual tax amount: $3,082
      • Date on market: 6/5/2026
      • Cumulative days on market: 37 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,1031 Exchange,FHA,VA Loan
      • Ownership type: Homeowner/Owner
      • Tenant pays: Electricity, Sewer, Trash Collection, Water

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,775/mo

        Price history

        DateEventPrice
        6/5/2026Listed for sale$935,000+28.1%$234/sqft
        Source: Hive MLS #SA352315 Report a problem
        8/22/2022Sold$730,000+60.4%$183/sqft
        Source: Public Record Report a problem
        2/19/2021Listing removed--
        Source: Engel & Volkers Report a problem
        2/10/2021Listed for rent$1,200
        Source: Engel & Volkers #240468 Report a problem
        1/30/2021Listing removed--
        Source: Engel & Volkers Report a problem
        1/15/2021Listed for rent$1,200
        Source: Engel & Volkers #240468 Report a problem
        9/8/2020Sold$455,000-0.9%$114/sqft
        Source: Hive MLS #SA229374 Report a problem
        7/28/2020Pending sale$459,000$115/sqft
        Source: Realty One Group Inclusion #229374 Report a problem
        7/25/2020Listed for sale$459,000+25.8%$115/sqft
        Source: Realty One Group Inclusion #229374 Report a problem
        1/6/2006Sold$365,000$91/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,612 +164.3%$229,680
        2024$2,502 +20.5%$229,680
        2023$2,076 -64.3%$229,680 +15.4%
        2022$5,814 +3.6%$199,080 +9.4%
        2021$5,610 +82%$182,000 +86.5%
        2020$3,082 +0%$97,600
        2019$3,082 -28.9%$97,600
        2018$4,336 -1.2%$97,600
        2017$4,389 -3.4%$97,600 -14.4%
        2016$4,544 -4.8%$114,000 +7.4%
        2015$4,774 -18.9%$106,160
        2014$5,889 $106,160
        2013-- $106,160 +8.4%
        2012-- $97,960 +16.3%
        2011-- $84,200
        2010-- $84,200
        2009-- $84,200 -26.3%
        2008-- $114,200
        2007-- $114,200 +53.5%
        2006-- $74,400 +2.8%
        2005-- $72,400 +53.4%
        2003-- $47,200
        2002-- $47,200 -3.3%
        2001-- $48,800
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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

        Getting around

        83 / 100
        Very Walkable
        69 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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