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118 E Gaston Street

Savannah, GA 31401

$2,750,000 $11,594/Mo

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Overview

Bed

Bath

5,920

Sqft

0.07

Acre(Lot)

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.

Property Details

Property Type : Residential

Price : $2,750,000

AD Id : 74169667

MLS Id : SA346755

Beds : 8

Lot Size : 0.07 Acre

Living Area Size : 5,920

Year Built : 1870

Garage : 1

County : Chatham

Subdivision: Calhoun Ward

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 8

Bathroom Information

Total Baths: 5 Full Baths: 4 Half Baths: 1
Roofing Information

Asphalt
Interior Features

Ceiling Fan(s), Entrance Foyer, High Ceilings, Other, Recessed Lighting, See Remarks Roof: Asphalt Appliances: Dishwasher, Electric Water Heater, Disposal, Microwave, Oven, Range, Dryer, Refrigerator, Washer Laundry Features: In Hall, Laundry Room Window Features: Double Pane Windows
Heating & Cooling

Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: Central Air, Electric

Building Information

Year Built: 1870 Construction Materials: Brick, Concrete Stories: 4 Patio And Porch Features: Covered, Patio, Porch, Deck, Front Porch, Wrap Around Private Pool: No
Exterior Features

Exterior Features: Balcony, Courtyard

Lot Information

Main Square Feet: 0.066 Acres Lot Size Acres: 0.066 Lot Size Square Feet: 2875 Lot Description: Back Yard, City Lot, Garden, Interior Lot, Private

Property Information

Subdivision: Calhoun Ward Source Property Type: Residential Zoning Description: Mixed use,Multi Family Property SubType: Single Family Residence Property Age: 156

Listing Price Information

Listing Price: $2750000 Original Price: $2775000 Cash, 1031 Exchange, Private Financing Available

Tax Information

Parcel Number: 2003245009 Tax Year: 2024 Annual Tax: $9921

Virtual Tour

Virtual Tour (External Link)

Parking Information

Attached, Garage Door Opener, Off Street

Garage Information

Has Garage: Yes Garage Space: 1

Utility Information

Cable Available
Location Information

Direction: From Drayton turn right on Gaston at the corner of the park. Home will 4th down on your left. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
9 Oleander Avenue, Savannah, GA, 31401	$329,000	3	2	1,245	1,245 SqFt
836 E Park Avenue, Savannah, GA, 31401	$699,000	5	6	3,733	3,733 SqFt
825 E 34th Street, Savannah, GA, 31401	$220,000	2	1	1,190	1,190 SqFt
737 E 37th Street, Savannah, GA, 31401	$360,000	2	1	850	850 SqFt
708 E 32nd Street, Savannah, GA, 31401	$335,000	3	2	1,275	1,275 SqFt
723 E 39th Street, Savannah, GA, 31401	$358,000	3	2	1,532	1,532 SqFt
645 E 40th Street, Savannah, GA, 31401	$235,000	3	1	1,509	1,509 SqFt
528 E Park Avenue, Savannah, GA, 31401	$605,000	2	2	1,690	1,690 SqFt
506 E 34th Street, Savannah, GA, 31401	$684,900	3	3	2,279	2,279 SqFt
108 E Gaston Street, Savannah, GA, 31401	$2,995,000	5	6	4,560	4,560 SqFt

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ByOwner last updated this listing 04/06/2026 @ 16:22

MLS: SA346755 LISTED BY: Matthew Randolph, Lighthouse Realty Professional SOURCE: Hive MLS (North Carolina Regional)