118 E Gaston St Savannah, GA 31401
Historic Savannah NeighborhoodEstimated payment $15,768/month
Highlights
- ENERGY STAR Certified Homes
- Deck
- High Ceiling
- Savannah Arts Academy Rated A+
- 5 Fireplaces
- 1-minute walk to Calhoun Square
About This Home
Built in 1882 by renowned builder J.J. Hale, this exceptional four-story property offers a rare opportunity to own a premier multi-family residence just steps from Forsyth Park. Seamlessly blending historic grandeur with modern upgrades, the property is configured into three distinct living spaces, providing unmatched flexibility for investors, owner-occupants, or luxury short-term rental strategies. The main residence spans three levels and showcases 5 spacious bedrooms, 2.5 baths, soaring ceilings, elegant period details, and thoughtfully updated finishes throughout. The garden-level apartment offers a private 2-bedroom, 1-bath residence ideal for rental income, guests, or extended family. Completing the property is a separate carriage house above the private off-street garage, featuring a stylish 1-bedroom, 1-bath suite with excellent income potential. Full Non-Owner-Occupied STVR certificates provide exceptional flexibility — live in one unit while generating income from the others, or operate all units as luxury short-term rentals. The property may also be conveyed fully furnished, offering a true turnkey opportunity. Located in Savannah’s most coveted downtown corridor, 118 E Gaston is moments from acclaimed dining, shopping, and cultural landmarks. This is a rare chance to acquire a historic, income-producing asset in one of the city’s strongest rental markets.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,921
Year Built
- Built in 1870
Lot Details
- 2,875 Sq Ft Lot
- Privacy Fence
- Interior Lot
- Property is zoned RIPA
Parking
- 1 Car Garage
- Garage Door Opener
- Off-Street Parking
Home Design
- Brick Exterior Construction
- Slab Foundation
Interior Spaces
- 5,920 Sq Ft Home
- 4-Story Property
- Furnished
- High Ceiling
- Ceiling Fan
- 5 Fireplaces
- Entrance Foyer
- Pull Down Stairs to Attic
Kitchen
- Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
Laundry
- Laundry Room
- Laundry in Hall
- Dryer
- Washer
Eco-Friendly Details
- ENERGY STAR Certified Homes
- Air Purifier
Outdoor Features
- Balcony
- Deck
- Wrap Around Porch
- Patio
Location
- City Lot
Utilities
- Central Air
- Heating Available
- Cable TV Available
Community Details
- No Home Owners Association
- Calhoun Ward Subdivision
Listing and Financial Details
- Assessor Parcel Number 2003245009
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,233 | $600,200 | $100,000 | $500,200 |
| 2024 | $104 | $655,320 | $132,000 | $523,320 |
| 2023 | $10,375 | $355,240 | $44,000 | $311,240 |
| 2022 | $10,951 | $355,240 | $44,000 | $311,240 |
| 2021 | $20,272 | $355,240 | $44,000 | $311,240 |
| 2020 | $10,220 | $0 | $0 | $0 |
| 2019 | $20,504 | $1,840 | $0 | $0 |
| 2018 | $20,513 | $387,840 | $69,120 | $318,720 |
| 2017 | $16,298 | $387,840 | $69,120 | $318,720 |
| 2016 | $11,457 | $392,720 | $69,120 | $323,600 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/14/2026 04/14/26 | For Sale | $2,750,000 | 0.0% | $465 / Sq Ft | |
| 04/13/2026 04/13/26 | Off Market | $2,750,000 | -- | -- | |
| 01/13/2026 01/13/26 | For Sale | $2,775,000 | +28.0% | $469 / Sq Ft | |
| 06/13/2022 06/13/22 | Sold | $2,168,000 | -1.4% | $441 / Sq Ft | View Prior Sale |
| 05/14/2022 05/14/22 | Pending | -- | -- | -- | |
| 04/04/2022 04/04/22 | For Sale | $2,198,000 | -- | $447 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $2,168,000 | -- | |
| Limited Warranty Deed | -- | -- | |
| Warranty Deed | $1,190,000 | -- | |
| Warranty Deed | $1,194,000 | -- | |
| Deed | $1,000,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $658,000 | New Conventional | |
| Previous Owner | $962,225 | Commercial | |
| Previous Owner | $895,500 | Commercial |
Source: Hive MLS
MLS Number: SA346755
APN: 2003245009
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Ask me questions while you tour the home.