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About This Home
This 8-bedroom, 5-bathroom single family at 118 E Gaston Street in Savannah, GA is listed for $2,750,000 ($465 per sqft). Built in 1870, the home offers 5,920 sqft of living space on a 0.07 acres lot.
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.
Key Features
- Built in 1870
- 0.07 acre lot
- 4 stories
- Fireplace
Property Details
Amenities
Monthly Cost Estimate
$14,708/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
118 E Gaston Street
Savannah, GA 31401
Calhoun Ward
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Pool Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 8-bedroom, 5-bathroom single family at 118 E Gaston Street is listed at $2,750,000 ($465/sqft). The estimated monthly payment is $11,917 based on 20% down at 6.5% interest.
Key features include: Built in 1870, 0.07 acre lot, 4 stories, Fireplace. Interior Features: Breakfast Area, Ceiling Fan(s), Entrance Foyer. Exterior Features: Balcony, Courtyard, Deck.
This property is listed by Matthew Randolph and can be reached at 9125476635 or matthew@therandolphteam.com.






































































