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$1,500,000
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Property Description
Rare opportunity to acquire a classic brick quadplex on Jones Street, consistently ranked among the most desirable and picturesque streets in the South. Located in Savannah's Landmark Historic District, this asset benefits from strong tenant demand driven by proximity to SCAD, Forsyth Park, downtown dining, retail, and cultural attractions. The property consists of four self-contained units, each featuring a full kitchen, in-unit laundry, and individually metered utilities-supporting operational efficiency and tenant convenience. Interiors showcase historic character with high ceilings, hardwood floors, and abundant natural light. A lower-level unit provides a diversified unit mix with a functional, efficient layout. Tenants enjoy a private shared courtyard with bike storage, enhancing livability and retention. Major capital improvements have been completed, including a new roof and two new HVAC systems in 2025, reducing near-term maintenance exposure. Currently 3 of 4 units are leased, providing immediate in-place income, while short-term lease structures allow for near-term rent repositioning. The vacant unit offers an additional value-add opportunity through lease-up or strategic upgrades. This combination of cash flow and upside positions the property as an attractive investment in one of Savannah's strongest rental submarkets. This property is eligible for an Owner Occupied STVR certificate.
Full Property Details
Full Property Details for 24 E Jones St
General
- Sold For: $1,500,000
- Taxes: $11,934 (2024)
- Status: Closed
- Type: Multi-Family
- Source: 2253
- MLS ID: SA332504
- Added to Site: 57 day(s) ago
Rental Information
- Complex Features: Shopping, Street Lights, Sidewalks
Interior
- Interior Features: Ceiling Fan(s)
- Appliances: Electric Water Heater, Dryer, Washer
Rooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 7
Bedrooms
- Total Bedrooms: 7
Exterior
- Exterior Features: Courtyard
- Porch/Patio/Deck: Porch
Parking
- Parking Features: On Street
Location
- County: Chatham
- Subdivision: None
- Driving Directions: Northwest corner of E Jones and Drayton.
Community
- Units Assoc/Comm: 4
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Square Feet: 5,356
- Sq. Ft. Source: Assessor
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.045
- Lot Size (Sq. Ft.): 1,960
- Frontage: Public Road
- Lot Features: Corner Lot, City Lot
- Zoning: RIPA
Financial Considerations
- For Sale: Yes
- Other Fee Freq.: Monthly
- Tax Amount: $11,934
- Tax Year: 2024
- Terms: Cash, Conventional, 1031 Exchange
- Tenant Pays: Cable TV, Electricity, Gas, Sewer, Trash Collection, Water
Disclosures and Reports
- Ownership: Investor
- Special Conditions: Standard
- Legal Description: LT 38 A SUB OF E 1/2 LT 38 JASPE R WD
- Inclusions: Ceiling Fans, Dryer, Washer
- Property ID: 2003206003
- Lot Number: 38
Listed by BHHS Bay Street Realty Group, Carie Kuhn
Sold by First City Realty, LLC, Mary M. Anderson
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Schools
Schools serving 24 E Jones St
School District:Savannah-Chatham County Public School System
| Name | Grades | Distance |
|---|---|---|
Henderson E Formey Jr Early Learning Center 400 East Broad Street, Savannah, GA 31401 | PK-K | 0.5 mi |
Spencer Elementary School 1150 Wheaton Street, Savannah, GA 31404 | 1-5 | 1.1 mi |
Hubert Middle School 768 Grant Street, Savannah, GA 31401 | 6-8 | 0.6 mi |
The School Of Liberal Studies At Savannah High 400 Pennsylvania Avenue, Savannah, GA 31404 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 24 E Jones St
Date
Details
Price
Change
Source
6/23/2026
Sold
$1,500,000
-9.09%
MLS
5/08/2026
Listed
$1,650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
24 E Jones Street, Savannah, GA 31401 (MLS# SA332504) is a Multi-Family property that was sold at $1,500,000 on June 23, 2026. Want to learn more about 24 E Jones Street? Do you have questions about finding other Multi-Family real estate for sale in Savannah? You can browse all Savannah real estate or contact a Coldwell Banker agent to request more information.
