412 E 40th St Savannah, GA 31401
Thomas Square NeighborhoodEstimated payment $3,537/month
Highlights
- Traditional Architecture
- Wood Flooring
- Screened Porch
- Savannah Arts Academy Rated A+
- No HOA
- Fenced Yard
About This Home
Great INVESTMENT opportunity in the hottest area in town!! In fact, 'Southern Living' named the Thomas Square Streetcar District the BEST neighborhood in ALL of the South for 2020. This beautifully updated DUPLEX offers 2 separate units featuring: refinished hardwood floors, original fireplaces, high ceilings, an abundance of natural light, spacious living areas, HUGE porches, laundry,etc. The property has had the same tenants in place for years or to MAXIMIZE income you could owner-occupy one side while AIRBNB/Short-term rental the other (as this property is located in 1 of the only 3 districts in the city of Savannah where vacation rentals are ALLOWED). Conveniently located near SCAD, restaurants shopping, Savannah Bananas, and all Downtown & Midtown Savannah have to offer!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,584
Year Built
- Built in 1920
Lot Details
- 3,049 Sq Ft Lot
- Fenced Yard
- Wood Fence
Parking
- On-Street Parking
Home Design
- Duplex
- Traditional Architecture
- Brick Foundation
- Wood Siding
Interior Spaces
- 2,468 Sq Ft Home
- 2-Story Property
- Fireplace
- Screened Porch
- Wood Flooring
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Laundry in Hall
- Laundry in Kitchen
Outdoor Features
- Balcony
Schools
- Henderson Elementary School
- Hubert Middle School
- Savannah Arts High School
Utilities
- Cooling System Powered By Gas
- Central Heating and Cooling System
- Heating System Uses Gas
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 2007504007
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Shops
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $7,584 | $252,360 | $50,000 | $202,360 |
| 2024 | $7,584 | $250,880 | $50,000 | $200,880 |
| 2023 | $5,600 | $239,520 | $50,000 | $189,520 |
| 2022 | $2,339 | $191,760 | $32,000 | $159,760 |
| 2021 | $3,150 | $76,000 | $24,560 | $51,440 |
| 2020 | $2,481 | $84,400 | $26,000 | $58,400 |
| 2019 | $3,490 | $78,560 | $26,000 | $52,560 |
| 2018 | $3,531 | $78,520 | $26,000 | $52,520 |
| 2017 | $2,772 | $65,800 | $11,040 | $54,760 |
| 2016 | $1,951 | $66,880 | $11,040 | $55,840 |
| 2015 | $3,363 | $80,640 | $11,040 | $69,600 |
| 2014 | $3,937 | $75,240 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/27/2025 06/27/25 | Price Changed | $550,000 | -4.3% | $223 / Sq Ft |
| 05/13/2025 05/13/25 | For Sale | $575,000 | -- | $233 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $190,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $440,000 | Commercial | |
| Closed | $308,000 | Commercial |
Source: Savannah Multi-List Corporation
MLS Number: SA330888
APN: 2007504007
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