About This Home

This 6-bedroom, 4-bathroom multi-family at 138 W 51st Street in Savannah, GA is listed for $905,000 ($226 per sqft). Built in 1950, the home offers 4,000 sqft of living space on a 0.14 acres lot.

Key Features

  • Built in 1950
  • 0.14 acre lot
  • 2 stories

Property Details

2 stories
4 full
1950

Amenities

HardwoodA/C
Listing Description

Rare opportunity to acquire a fully occupied multifamily property in one of Savannah's fastest-growing areas just outside of the Historic Street Car District. This income-producing property features two 2BD/1BA units and two 1BD/1BA units with long-term tenants already in place, providing immediate cash flow from day one and current rental rates provide room for revenue enhancement while maintaining strong demand in this rapidly growing area.

Located on Savannah's West Side, this property sits in the heart of an area experiencing significant growth and revitalization. Investors will appreciate the proximity to some of the city's most popular destinations, including Starland Yard, Ardsley Station, Victory North, and Two Tides Brewing Co.

The property is also in close proximity to Savannah College of Art and Design facilities, including Montgomery House Residence Hall and Montgomery Hall, SCAD's hub for digital arts, gaming, and animation. Directly across the street, Byte Cafe - further enhancing the area's appeal and long-term rental demand.

Adding to the property's appeal, the property is zoned RTF, offering additional flexibility and potential for future redevelopment opportunities. Investors may also have the opportunity to assume the existing VA loan with an attractive 4.25% interest rate, subject to lender approval and qualification.

Conveniently positioned on Montgomery Street, Midtown Savannah is just five minutes away, while Victory Drive provides quick access to Daffin Park in under ten minutes. One of Savannah's premier recreational destinations, Daffin Park offers a public pool, tennis courts, basketball courts, playgrounds, a dog park, walking trails, and Grayson Stadium, home of the world-famous Savannah Bananas.

*Offering 1% ($9,350) Lender Credit Closing Costs with Use of Preferred Lender* Assumable VA Loan with 4.25% Interest Rate Available & Zoning Offers Future Development Potential

Monthly Cost Estimate

$4,840/mo

20% down · 6.5% · 30 years

Principal$655
Interest$3,922
Insurance$264

Estimates only. Actual payments may vary.

Location

138 W 51st Street

Savannah, GA 31405

Property Details

Flooring

TileHardwood

Construction

Brick Stucco

Parking

Parking LotOff Street

Heating

CentralElectric (Heating)

Cooling

Central AirElectric

Appliances

DishwasherElectric Water HeaterOvenRangeRefrigerator

Questions & Answers

This 6-bedroom, 4-bathroom multi-family at 138 W 51st Street is listed at $905,000 ($226/sqft). The estimated monthly payment is $4,840 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950, 0.14 acre lot, 2 stories.

This property is listed by Victoria Williams Adcock.

VA

Victoria Williams Adcock

License 412102

Agent at Seaport Real Estate Group

Listed by Seaport Real Estate Group · Broker phone: 9122022042 · View on Broker Site

MLS# SA352315· Source: Hive MLS· 156 days on PropertySimple

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

138 W 51st Street, Savannah, GA 31405

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