$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 4 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:
May 23, 2026 at 6:15AM
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

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