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!
For sale
$405,000
720 Waters Avenue, Savannah, GA 31404
4beds
1,268sqft
Duplex
Built in 1914
-- sqft lot
$-- Zestimate®
$319/sqft
$-- HOA
What's special
Stainless steel appliancesGranite countertopsWide-plank flooring throughout
- 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#: SA360346
Originating 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
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Listed for sale | $405,000+32.8%$319/sqft |
Source: | ||
| 2/27/2024 | Sold | $305,000+1425%$241/sqft |
Source: | ||
| 4/17/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/31/2023 | Listed for rent | $1,400$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/27/2018 | Sold | $20,000$16/sqft |
Source: | ||
| 3/26/2018 | Pending sale | $20,000$16/sqft |
Source: Three Oaks Realty Co. LLC #186098 Report a problem | ||
| 3/15/2018 | Price change | $20,000-49.9%$16/sqft |
Source: Three Oaks Realty Co. LLC #186098 Report a problem | ||
| 2/21/2018 | Listed for sale | $39,950$32/sqft |
Source: Three Oaks Realty Co. LLC #186098 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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







