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138 W 51st Street

Savannah, GA 31405
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Bed 6

Bed

Bath 4

Bath

SqFt4,000

Sqft

Acres0.15

Acre(Lot)

Rare opportunity to acquire a fully occupied multifamily property in one of Savannah's fastest-growing areas just outside of the Historic Street Car District. This income-producing property features two 2BD/1BA units and two 1BD/1BA units with long-term tenants already in place, providing immediate cash flow from day one and current rental rates provide room for revenue enhancement while maintaining strong demand in this rapidly growing area. Located on Savannah's West Side, this property sits in the heart of an area experiencing significant growth and revitalization. Investors will appreciate the proximity to some of the city's most popular destinations, including Starland Yard, Ardsley Station, Victory North, and Two Tides Brewing Co. The property is also in close proximity to Sava nnah College of Art and Design facilities, including Montgomery House Residence Hall and Montgomery Hall, SCAD's hub for digital arts, gaming, and animation. Directly across the street, Byte Cafe - further enhancing the area's appeal and long-term rental demand. Adding to the property's appeal, the property is zoned C-3, offering additional flexibility and potential for future redevelopment opportunities. Investors may also have the opportunity to assume the existing VA loan with an attractive 4.25% interest rate, subject to lender approval and qualification. Conveniently positioned on Montgomery Street, Midtown Savannah is just five minutes away, while Victory Drive provides quick access to Daffin Park in under ten minutes. One of Savannah's premier recreational destinations, Daffin Park offers a public pool, tennis courts, basketball courts, playgrounds, a dog park, walking trails, and Grayson Stadium, home of the world-famous Savannah Bananas. An exciting park expansion is also planned for 2027. Assumable VA Loan with 4.25% Interest Rate Available & C-3 Zoning Offers Future Development Potential

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Detail Ic Property Details

Property Type : Residential Income

Price : $935,000

AD Id : 80324711

MLS Id : SA352315

Beds : 6

Lot Size : 0.15 Acre

Living Area Size : 4,000

Year Built : 1950

County : Chatham

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Map

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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 4 Full Baths: 4
  • Flooring Information

    Hardwood, Other, Tile
  • Roofing Information

    Asphalt
  • Interior Features

    Roof: Asphalt Appliances: Dishwasher, Electric Water Heater, Oven, Range, Refrigerator Laundry Features: In Hall
  • Heating & Cooling

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

  • Building Information

    Year Built: 1950 Construction Materials: Brick, Stucco Private Pool: No View: Panoramic

  • Lot Information

    Main Square Feet: 0.145 Acres Lot Size Acres: 0.145 Lot Size Square Feet: 6316 Lot Description: Corner Lot

  • Listing Price Information

    Listing Price: $935000 Cash, 1031 Exchange, FHA, VA Loan

  • Tax Information

    Parcel Number: 2-0088-17-025 Tax Year: 2018 Annual Tax: $3082

  • Utility Information

    Cable Available
  • Location Information

    Direction: Montgomery Street at West 51st directly across from SCAD Montgomery Hall. Park in front on 51st Street. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
317 E 45th Street, Savannah, GA, 31405 $2,198,249 6 6 4,539 4,539 SqFt
221 E 49th Street, Savannah, GA, 31405 $380,000 4 2 2,578 2,578 SqFt
210 E 48th Street, Savannah, GA, 31405 $849,900 6 4 3,856 3,856 SqFt
3211 Bull Street, Savannah, GA, 31405 $679,900 4 2 2,200 2,200 SqFt
9 W 48th Street, Savannah, GA, 31405 $399,000 2 2 1,080 1,080 SqFt
3411 Bull Street, Savannah, GA, 31405 $1,049,000 8 4 3,980 3,980 SqFt
13 W 52nd Street, Savannah, GA, 31405 $355,000 5 2 1,600 1,600 SqFt
22 W 59th Street, Savannah, GA, 31405 $369,900 4 2 1,575 1,575 SqFt
102 Stuart Street, Savannah, GA, 31405 $1,200,000 4 6 4,158 4,158 SqFt
3 Berkley Place, Savannah, GA, 31405 $1,050,000 10 10 5,460 5,460 SqFt

The data relating to real estate on this website comes in part from the Internet Data Exchange program of Hive MLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor ByOwner shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. Copyright ©2026 Hive MLS LLC. All Rights Reserved.

ByOwner last updated this listing 06/20/2026 @ 13:03

MLS: SA352315 LISTED BY: Victoria Williams Adcock, Seaport Real Estate Group SOURCE: Hive MLS (North Carolina Regional)

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