$2,750,000

118 E Gaston Street, Savannah, GA 31401

  • 8 beds |
  • 5 baths |
  • 5,920 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1870
  • Property Lot Size Icon2,875sqft lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $465/sqft
  • Property List Date Icon Listed 2 months ago

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.

Listing Status:
Active
Date Added:
January 13, 2026
Data Last Updated:
April 6, 2026 at 9:15PM
Listing Office:
Lighthouse Realty Professional : 912-224-3055
MLS ID:
SA346755
  • General: Breakfast AreaCeiling Fan(s)Entrance FoyerHigh CeilingsOtherPull Down Attic StairsRecessed LightingSee RemarksFireplace
  • Appliances: DishwasherElectric Water HeaterDisposalMicrowaveOvenRangeDryerRefrigeratorWasher
  • Laundry: In HallLaundry Room
  • A/C: Central AirElectric
  • Heating: CentralElectric
  • Fireplace: DecorativeFamily RoomGreat RoomLiving RoomMaster BedroomOtherFireplaceFireplaces: 5
  • Eco/Green Feature: InsulationWindows
  • General: BalconyCourtyardDeckLandscape Lights
  • Style: Victorian
  • Other Structures: PorchBalconyFront PorchWrap AroundDeckPatioCovered
  • Parking: AttachedGarage Door OpenerOff Street
  • Roofing: Asphalt
  • Windows: Double Pane Windows
  • General: BrickConcreteSlab
  • Road/Access: Public Road
  • Originating MLS: SAV
  • County: Chatham
  • Zoning: RIPAE HALF 46 CALHOUN WARD2003245009
  • Fencing: PrivacyYard Fenced
  • Utilities: Cable Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: SAV
  • Ownership: Homeowner/Owner

This listing courtesy of Lighthouse Realty Professional

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

Early Learning Center at Henderson E. Fomey School

400 E Broad St, Savannah, GA, 31401

Grades PK-KG

0.42 miles away

H

Hubert Middle School

768 Grant St, Savannah, GA, 31401

Grades 6-8

0.58 miles away

S

Savannah Classical Academy Charter High School

705 E Anderson St # 31401, Savannah, GA, 31401

Grades 9-12

0.84 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.