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Active
$405,000 Est. $2,791/mo — Get pre-qualified
4beds 2baths 1,268sq ft 0.05acres

720 Waters Avenue · Savannah, GA 31404

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Welcome to 720 Waters Ave, a fully leased legal duplex in the heart of Savannah, GA! This turnkey
investment property is a rare find for real estate investors and house hackers searching for multi-family
homes for sale in Savannah, offering 4 bedrooms and 2 bathrooms total across two separate units.
This income-producing rental property is already generating $38,400 in gross annual rental income, with both units occupied and cash flowing from day one of ownership. Downstairs unit is furnished, ready for immediate executive rental placement.
Step inside to find an updated kitchen with white shaker cabinets, granite countertops, and stainless steel appliances, wide-plank flooring throughout, and a fully renovated bathroom with a marble tile surround. Both units offer in-unit washer and dryer connections for added convenience, a rare perk for a Savannah rental property.
Unit 720A is leased month-to-month at $1,600/month. Unit 720B is secured on a fixed lease through April 2027 at $1,600/month, with immediate cash flow and no vacancy risk to start.
Outside, enjoy a classic covered front porch perfect for rocking chairs and Savannah evenings, plus offstreet parking for both units. Whether you're a seasoned investor building a rental portfolio, or a first-time buyer exploring house hacking in Savannah, this fully occupied duplex checks every box. Schedule your private showing today, income-producing multi-family homes like this in Savannah don't last long!

Features & Amenities

Living Area1,268 Sq.Ft.
Bedrooms4
Baths2
HeatingCentral, Electric
CoolingCentral Air, Electric
FlooringVinyl
FireplaceNo
AppliancesDishwasher, Electric Water Heater, Refrigerator
Interior FeaturesPull Down Attic Stairs
LaundryWasher Hookup
StyleTraditional
Year Built1914
RoofAsphalt
FoundationCrawlspace
ParkingOff Street
StatusActive
Lot Size0.05 Acres
Lot FeaturesAlley, City Lot
SubdivisionSavannah
CountyCHATHAM
Last UpdatedOct 7, 2026
Water SourcePublic
HOANo
ElementaryUnknown Elementary School
MiddleUnknown Middle School
HighUnknown High School
Presented By: Keller Williams Coastal Area P; klrw501@kw.com

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

Monthly Cost Estimate

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* Estimates only. Actual rates, payments, and terms vary. Consult a licensed mortgage professional.

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Last Updated: Oct 7, 2026