$1,650,000

24 E Jones Street, Savannah, GA 31401

  • 7 beds |
  • 7 baths |
  • 5,356 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon1,960sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $308/sqft
  • Property List Date Icon Listed 9 months ago

Property Description

Rare opportunity to acquire a classic brick quadplex on Jones Street, consistently ranked among the most desirable and picturesque streets in the South. Located in Savannah’s Landmark Historic District, this asset benefits from strong tenant demand driven by proximity to SCAD, Forsyth Park, downtown dining, retail, and cultural attractions. The property consists of four self-contained units, each featuring a full kitchen, in-unit laundry, and individually metered utilities—supporting operational efficiency and tenant convenience. Interiors showcase historic character with high ceilings, hardwood floors, and abundant natural light. A lower-level unit provides a diversified unit mix with a functional, efficient layout. Tenants enjoy a private shared courtyard with bike storage, enhancing livability and retention. Major capital improvements have been completed, including a new roof and two new HVAC systems in 2025, reducing near-term maintenance exposure. Currently 3 of 4 units are leased, providing immediate in-place income, while short-term lease structures allow for near-term rent repositioning. The vacant unit offers an additional value-add opportunity through lease-up or strategic upgrades. This combination of cash flow and upside positions the property as an attractive investment in one of Savannah’s strongest rental submarkets. This property is eligible for an Owner Occupied STVR certificate.

Listing Status:
Active
Data Last Updated:
April 5, 2026 at 7:18AM
Listing Office:
BHHS Bay Street Realty Group : 912-355-4171
MLS ID:
SA332504
  • General: Ceiling Fan(s)
  • Appliances: Electric Water HeaterDryerWasher
  • A/C: Central AirElectric
  • Heating: CentralElectric
  • General: Courtyard
  • Other Structures: Porch
  • Parking: On Street
  • General: Brick
  • Road/Access: Public Road
  • Originating MLS: SAV
  • County: Chatham
  • Zoning: RIPALT 38 A SUB OF E 1/2 LT 38 JASPE R WD2003206003
  • Water: Public
  • Sewer: Public Sewer
  • Source: SAV
  • Ownership: Investor

This listing courtesy of BHHS Bay Street Realty Group

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

0.44 miles away

E

Esther F. Garrison School of Visual and Performing Arts

649 W Jones St, Savannah, GA, 31401

Grades PK-8

0.56 miles away

S

Savannah Classical Academy Charter High School

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

Grades 9-12

0.96 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.