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$405,000
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Property Description
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. 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!
Full Property Details
Full Property Details for 720 Waters Ave
General
- Price: $405,000
- Taxes: $1,544 (2023)
- Status: Active
- Type: Duplex
- Source: 2253
- MLS ID: SA360346
- Updated: 7/15/2026
- Added to Site: 43 day(s) ago
Interior
- Interior Features: Pull Down Attic Stairs
- Appliances: Dishwasher, Electric Water Heater, Refrigerator
- Flooring: Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Washer Hookup
Exterior
- Porch/Patio/Deck: Front Porch
Parking
- Parking Features: Off Street
Location
- County: Chatham
- Driving Directions: Waters just off of Gwinnett
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Property Detached: Yes
- Architectural Style: Traditional
- Basement Desc.: Crawl Space
- Roof: Asphalt
- Common Walls: 1 Common Wall
- Square Feet: 1,268
- Sq. Ft. Source: Assessor
- Year Built: 1914
Lot Features
- Lot Size (Acres): 0.045
- Lot Size (Sq. Ft.): 1,960
- Frontage: Public Road
- Lot Features: Alley, City Lot
- Zoning: R4
Financial Considerations
- For Sale: Yes
- Tax Amount: $1,544
- Tax Year: 2023
- Terms: Cash, Conventional, 1031 Exchange, FHA, VA Loan
Disclosures and Reports
- Ownership: Investor
- Special Conditions: Standard
- Legal Description: 5 BLK 2 HULL WARD
- Property ID: 2003429015
Listed by Keller Williams Coastal Area P, Shannee L. Theus
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Schools
Schools serving 720 Waters Ave
School District:Savannah-Chatham County Public School System
| Name | Grades | Distance |
|---|---|---|
Spencer Elementary School 1150 Wheaton Street, Savannah, GA 31404 | 1-5 | 0.1 mi |
Henderson E Formey Jr Early Learning Center 400 East Broad Street, Savannah, GA 31401 | PK-K | 0.6 mi |
Hubert Middle School 768 Grant Street, Savannah, GA 31401 | 6-8 | 0.4 mi |
The School Of Liberal Studies At Savannah High 400 Pennsylvania Avenue, Savannah, GA 31404 | 9-12 | 1.3 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 720 Waters Ave
Date
Details
Price
Change
Source
7/15/2026
Listed
$405,000
32.79%
MLS
2/21/2024
Sold
$305,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 720 Waters Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,357
—
$118,200
1%
2025
$3,357
195%
$116,600
435%
2021
$1,138
10%
$21,800
-12%
2022
$1,030
-9%
$24,880
166%
2021
$1,138
174%
$9,360
—
2020
$415
74%
$9,360
-6%
2017
$239
—
$9,920
22%
2017
$239
47%
$8,160
46%
2016
$163
8%
$5,600
9%
2015
$151
-27%
$5,160
-9%
2013
$207
—
$5,680
-21%
2013
$207
—
$7,160
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 720 Waters Ave
720 Waters Avenue, Savannah, GA 31404 (MLS# SA360346) is a Duplex property with 4 bedrooms and 2 full bathrooms. 720 Waters Avenue is currently listed for $405,000 and was received on July 15, 2026. Want to learn more about 720 Waters Avenue? Do you have questions about finding other Duplex real estate for sale in Savannah? You can browse all Savannah real estate or contact a Coldwell Banker agent to request more information.
