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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.

Agent 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.

Key Features

  • Built in 1870
  • 0.07 acre lot
  • 4 stories
  • Fireplace

Property Details

4 stories
4 full, 1 half
1870

Amenities

FireplaceA/C

Monthly Cost Estimate

$14,708/mo

20% down · 6.5% · 30 years

Principal$1,989
Interest$11,917
Insurance$802

Estimates only. Actual payments may vary.

Location

118 E Gaston Street

Savannah, GA 31401

Calhoun Ward

Features & Amenities

Interior Features

Breakfast AreaCeiling Fan(s)Entrance FoyerHigh CeilingsPull Down Attic StairsRecessed LightingFireplace

Exterior Features

BalconyCourtyardDeckLandscape Lights

Property Details

Construction

Brick Concrete

Pool Features

DeckPatioPorch

Parking

Off StreetOpen

Heating

Electric (Heating)Central

Cooling

Central AirElectric

Appliances

DishwasherElectric Water HeaterDisposalMicrowaveOvenRangeDryerRefrigeratorWasher

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.

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MR

Matthew Randolph

Agent at Lighthouse Realty Professional

(912) 547-6635

Listed by Lighthouse Realty Professional

MLS# SA346755· Source: listhub· Updated 87 days ago

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118 E Gaston Street, Savannah, GA 31401

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