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 RTF, 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 & Zoning Offers Future Development Potential
For sale
Price cut: $30K (9/8)
$905,000
138 W 51st Street, Savannah, GA 31405
6beds
4,000sqft
Quadruplex
Built in 1950
-- sqft lot
$-- Zestimate®
$226/sqft
$-- HOA
What's special
- 117 days
- 330
- 34
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#: SA352315
Originating MLS: Savannah Multi-List Corporation
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
Video & virtual tour
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: $226/sqft
- Tax assessed value: $574,200
- Annual tax amount: $3,082
- Date on market: 6/5/2026
- Cumulative days on market: 118 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
$4,762/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/8/2026 | Price change | $905,000-3.2%$226/sqft |
Source: | ||
| 6/5/2026 | Listed for sale | $935,000+28.1%$234/sqft |
Source: | ||
| 8/22/2022 | Sold | $730,000+60.4%$183/sqft |
Source: Public Record Report a problem | ||
| 2/19/2021 | Listing removed | -- |
Source: | ||
| 2/10/2021 | Listed for rent | $1,200 |
Source: | ||
| 1/30/2021 | Listing removed | -- |
Source: | ||
| 1/15/2021 | Listed for rent | $1,200 |
Source: | ||
| 9/8/2020 | Sold | $455,000-0.9%$114/sqft |
Source: | ||
| 7/28/2020 | Pending sale | $459,000$115/sqft |
Source: Realty One Group Inclusion #229374 Report a problem | ||
| 7/25/2020 | Listed for sale | $459,000+25.8%$115/sqft |
Source: Realty One Group Inclusion #229374 Report a problem | ||
| 1/6/2006 | Sold | $365,000$91/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
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