CHelsea Mitcham - Coldwell Banker Upchurch Realty Logo
$2,750,000
 $14,763 est/mo Sourced by Back At You

118 E Gaston Street,Savannah, GA 31401

Savannah, GA 31401

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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.

Details

MLS #SA346755
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1870
Days On Site226
Listing Provided ByLighthouse Realty Professional | Matthew Randolph

Features

Bed(s)8
Bath(s) 5 Total
SQ Feet5,920
Garage1
Story(s)3
ZoningRIPA
Acreage0.07
Property ViewPanoramic

Interior

Interior FeaturesBreakfast Area, Ceiling Fan(s), Entrance Foyer, High Ceilings, Other, Pull Down Attic Stairs, Recessed Lighting, See Remarks, Fireplace
Heating Yes / NoYes
Cooling Yes / NoYes
CoolingCentral Air, Electric
Fireplace FeaturesDecorative, Family Room, Great Room, Living Room, Master Bedroom, Other
Fireplaces Total5
Fireplace Yes / NoYes
Laundry FeaturesIn Hall, Laundry Room
FurnishedFurnished
Rooms Total0

Exterior

Exterior FeaturesBalcony, Courtyard, Deck, Landscape Lights
RoofAsphalt
Foundation DetailsSlab
Lot FeaturesAlley, Back Yard, City Lot, Garden, Interior Lot, Private
Community FeaturesPark, Shopping, Street Lights, Sidewalks, Trails/Paths
ViewPanoramic
Construction MaterialsBrick, Concrete

Parking

Garage Yes / NoYes
Parking FeaturesAttached, Garage Door Opener, Off Street

Utilities

UtilitiesCable Available
Electric110 Volts

Taxes

Tax Legal DescriptionE HALF 46 CALHOUN WARD
Tax Year2024

Area Information

StateGA
CountyChatham
CitySavannah
Zip Code31401
Community NameCalhoun Ward
Listing VS Median (in Calhoun Ward)
Price:
$2,750,000
low | high
Med:
$3,125,000
36.363636363636% of Average
sqft:
5,920
low | high
Med:
6,078
47.339527027027% of Average
$ / sqft:
$465
low | high
Med:
$513
39.578625063789% of Average
On site:
226
low | high
Med:
196
100% of Average
Sourced by Back At You

Market Activity 31401

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Contact

Learn More About This Property

Chelsea Mitcham

Chelsea Mitcham

Coldwell Banker Upchurch Realty

 (678) 755-4845chelseamitcham24@gmail.com
StateGA
CountyChatham
CitySavannah
Zip Code31401
Community NameCalhoun Ward
Listing VS Median (in Calhoun Ward)
Price:
$2,750,000
low | high
Med:
$3,125,000
36.363636363636% of Average
sqft:
5,920
low | high
Med:
6,078
47.339527027027% of Average
$ / sqft:
$465
low | high
Med:
$513
39.578625063789% of Average
On site:
226
low | high
Med:
196
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.62M - $3.437M
sqft: 4,000 - 7,000
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105 E Gordon Street Property Photo 1
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105 E Gordon Street Property Photo 1
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Savannah, GA 31401
127 E Gordon Street Property Photo 1
$3,500,000
127 E Gordon Street
Savannah, GA 31401
3 E Gordon Street Property Photo 1
$2,995,000
3 E Gordon Street
Savannah, GA 31401
Listing Updated: August 21, 2026 at 11:23:41 PM PDT

CHelsea Mitcham - Coldwell Banker Upchurch Realty