Eco Friendly
Address
118 E Gaston Street, Savannah, GA
Price
$ 2,750,000
Property Attributes
  • MLS#SA346755
  • TypeSingle Family
  • Listing Status Active
  • CountyChatham
  • CitySavannah
  • NeighborhoodCalhoun Ward
  • Zip31401
  • StyleVictorian
  • Year Built1870
  • Price$ 2,750,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms1
  • Sqr Footage5920
  • Lot Size0.066 Acres
Data Source:
Savannah MLS (SMLC)
Property Description

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.

Price History
4/14/2026 Listed $2,750,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 31401

Price
AVG $1.03M
$2.75M
Year Built
AVG 1942
1870

Areas We Cover