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4 Beds
2 Baths
1,268 sqft

$405,000

720 Waters Avenue, Savannah GA, 31404

Price per sqft$319.40
Built in1914
Property size1,268 sqft
Property typeMulti-family

Overview

Active

Listed Jul 15, 2026

Updated Aug 27

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!

$2,694/mo

Est. mortgage payment based on a $405,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
SA360346

Interior Features

Bedrooms
4
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.04 Acres

Courtesy of Keller Williams Coastal Area P with Shannee L. Theus,
Listing Contact: (315) 289-6677 

 

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Data last updated 9:57 PM UTC, 8/27/2026

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