Skip main navigation
For sale
  • $405,000

    720 Waters Avenue, Savannah, GA 31404

    4beds
    1,268sqft
    : 
    $2,908/mo
    Get pre-qualified
    Duplex
    Built in 1914
    -- sqft lot
    $-- Zestimate®
    $319/sqft
    $-- HOA

    What's special

    Stainless steel appliancesGranite countertopsWide-plank flooring throughout
    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. Downstairs unit is furnished, ready for immediate executive rental placement. 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!
    49 days
    289
    17

    Zillow last checked:

    Listing updated:

    Listed by:

    Shannee L. Theus 315-289-6677,

    Keller Williams Coastal Area P

    Source: Hive MLS,MLS#: SA360346MLS LogoOriginating MLS: Savannah Multi-List Corporation

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central, Electric
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Dishwasher, Electric Water Heater, Refrigerator
      • Laundry: Washer Hookup
      Features
      • Pull Down Attic Stairs
      • Flooring: Vinyl
      • Basement: Crawl Space
      • Attic: Pull Down Stairs
      • Common walls with other units/homes: 1 Common Wall
      Interior area
      • Total interior livable area: 1,268 sqft

      Property

      Parking
      • Parking features: Off Street
      Features
      • Patio & porch: Front Porch
      Lot
      • Size: 1,960 Square Feet
      • Features: Alley, City Lot
      Details
      • Parcel number: 2003429015
      • Zoning: R4
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Traditional
      • Property subtype: Duplex
      • Attached to another structure: Yes
      Materials
      • Foundation: Crawlspace
      • Roof: Asphalt
      Condition
      • Year built: 1914

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Savannah

      Financial & listing details

      • Price per square foot: $319/sqft
      • Tax assessed value: $291,500
      • Annual tax amount: $1,544
      • Date on market: 7/15/2026
      • Cumulative days on market: 49 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
      • Ownership type: Investor

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/15/2026Listed for sale$405,000+32.8%$319/sqft
        Source: Hive MLS #SA360346 Report a problem
        2/27/2024Sold$305,000+1425%$241/sqft
        Source: Hive MLS #SA305803 Report a problem
        4/17/2023Listing removed--
        Source: Zillow Rentals Report a problem
        3/31/2023Listed for rent$1,400$1/sqft
        Source: Zillow Rentals Report a problem
        4/27/2018Sold$20,000$16/sqft
        Source: Hive MLS #SA186098 Report a problem
        3/26/2018Pending sale$20,000$16/sqft
        Source: Three Oaks Realty Co. LLC #186098 Report a problem
        3/15/2018Price change$20,000-49.9%$16/sqft
        Source: Three Oaks Realty Co. LLC #186098 Report a problem
        2/21/2018Listed for sale$39,950$32/sqft
        Source: Three Oaks Realty Co. LLC #186098 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,357 +106.6%$116,600 +108.5%
        2024$1,625 +5.2%$55,920 +5.7%
        2023$1,544 +112.5%$52,880 +112.5%
        2022$727 +8.1%$24,880 +14.1%
        2021$672 +127.4%$21,800 +132.9%
        2020$296 +0%$9,360
        2019$296 -48.4%$9,360 -5.6%
        2018$572 +57.2%$9,920 +21.6%
        2017$364 +257.6%$8,160 +45.7%
        2016$102 -67%$5,600 +8.5%
        2015$309 -8.2%$5,160 -9.2%
        2014$337 $5,680 -20.7%
        2013-- $7,160
        2012-- $7,160 -34.9%
        2011-- $11,000 -27.8%
        2010-- $15,240 -23.8%
        2009-- $20,000
        2008-- $20,000 +8.7%
        2007-- $18,400 +39.4%
        2006-- $13,200 +1.5%
        2005-- $13,000 -4.4%
        2003-- $13,600 +1.5%
        2002-- $13,400 -6.9%
        2001-- $14,400
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Benjamin Van Clark Park

        Getting around

        68 / 100
        Somewhat Walkable
        71 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts