Active

24 E Jones Street

Savannah, GA 31401

$1,650,000 $6,956/Mo

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Overview

Bed

Bath

5,356

Sqft

0.05

Acre(Lot)

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, enhanci ng 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.

Property Details

Property Type : Residential Income

Price : $1,650,000

AD Id : 72628030

MLS Id : SA332504

Beds : 7

Lot Size : 0.05 Acre

Living Area Size : 5,356

Year Built : 1900

County : Chatham

Subdivision: Historic Landmark District

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 7

Bathroom Information

Total Baths: 7 Full Baths: 7
Interior Features

Ceiling Fan(s) Appliances: Electric Water Heater, Dryer, Washer
Heating & Cooling

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

Building Information

Year Built: 1900 Construction Materials: Brick Patio And Porch Features: Porch Private Pool: No
Exterior Features

Exterior Features: Courtyard

Lot Information

Main Square Feet: 0.045 Acres Lot Size Acres: 0.045 Lot Size Square Feet: 1960 Lot Description: Corner Lot, City Lot

Property Information

Subdivision: None Source Property Type: Residential Income Property SubType: Quadruplex Property Age: 126

Listing Price Information

Listing Price: $1650000 Original Price: $1700000 Cash, Conventional, 1031 Exchange

Tax Information

Parcel Number: 2003206003 Tax Year: 2024 Annual Tax: $11934

Parking Information

On Street

Location Information

Direction: Northwest corner of E Jones and Drayton. WaterSource: Public

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At $308.07 per sq.ft.,this listing is priced below average compared to other multifamily from Savannah.

The average multifamily price in Savannah is $498412.86 with avg. price / sq.ft of $2844.68.

The average multifamily price in Chatham County is $540257.14 with avg. price / sq.ft of $3659.00.

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1020 E Bolton Street #2, Savannah, GA, 31401	$500,000	4	4	1,632	1,632 SqFt
814-816 Ott Street, Savannah, GA, 31401	$399,000	4	2	1,865	1,865 SqFt
921 E Waldburg Street, Savannah, GA, 31401	$685,000	4	4	3,164	3,164 SqFt
923 E Park Avenue, Savannah, GA, 31401	$1,400,000	11	4	5,670	5,670 SqFt
924-926 E Duffy Street, Savannah, GA, 31401	$349,900	5	2	2,610	2,610 SqFt
806 E Park Avenue, Savannah, GA, 31401	$550,000	4	2	2,202	2,202 SqFt
902 E 34th Street, Savannah, GA, 31401	$795,000	4	4	3,644	3,644 SqFt
910 E 35th Street, Savannah, GA, 31401	$795,000	4	4	3,304	3,304 SqFt
52-56 E Broad Street, Savannah, GA, 31401	$4,500,000	9	12	7,100	7,100 SqFt
723 E Henry Street, Savannah, GA, 31401	$550,000	6	3	2,398	2,398 SqFt

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ByOwner last updated this listing 04/06/2026 @ 19:01

MLS: SA332504 LISTED BY: Carie Kuhn, BHHS Bay Street Realty Group SOURCE: Hive MLS (North Carolina Regional)