Ad #8019915
MLS #SA352315
Rare opportunity to acquire a fully occupied multifamily
138 W 51st St, Savannah, Georgia, 31405
$935,000
6Beds
4Baths
4,000Sqft
0.145Acres
About this property
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 Savannah 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. *Offering 1% ($9,350) Lender Credit Closing Costs with Use of Preferred Lender* Assumable VA Loan with 4.25% Interest Rate Available & C-3 Zoning Offers Future Development Potential
Property Features
6 Beds
4 Baths
4,000 Sqft
Built in 1950
0.145 Acres
2 Stories
Off Street, Parking Lot
Siding: Brick, Stucco
Asphalt Roof
Electric (Heating), Central
$3,082 / yr property tax
Chatham County
Additional Photos
Contact Information
Victoria Williams Adcock
Seaport Real Estate Group
912-481-8379
Location
Listing Agent: Victoria Williams Adcock (License #: 412102) 912-481-8379
Broker: Seaport Real Estate Group 912-202-2042 Listing Site
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Seaport Real Estate Group 912-202-2042 Listing Site
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 22, 2026
Photo Gallery
$935,000
6
Beds
4
Baths
4,000
Sqft
138 W 51st St, Savannah, Georgia, 31405
By contacting this agent you agree to these Terms and Conditions.
MLS# SA352315
Rare opportunity to acquire a fully occupied multifamily
$935,000
138 W 51st St, Savannah, Georgia, 31405
6
Beds
4
Baths
4,000
Sqft
0.145
Acres
$935,000
138 W 51st St, Savannah, Georgia, 31405
6 Beds
4 Baths
4,000 Sqft
0.145 Acres
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 Savannah 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. *Offering 1% ($9,350) Lender Credit Closing Costs with Use of Preferred Lender* Assumable VA Loan with 4.25% Interest Rate Available & C-3 Zoning Offers Future Development Potential
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Property Details
HOME DETAILS
6 Beds
4 Baths
4,000 Sqft
Built in 1950
0.145 Acres
2 Stories
EXTERIOR
Off Street, Parking Lot
Siding: Brick, Stucco
Asphalt Roof
INTERIOR
Electric (Heating), Central
FINANCIAL & COMMUNITY
$3,082 / yr property tax
Chatham County
See More Details
Location
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Ad Statistics
Ad Number
8019915
Viewed
33 times
Listing Status
Active
Added
Jul 07, 2026
Last Refresh
Jul 21, 2026 08:02:26 PM
Listing Information
Data Source
Hive MLS
Source Property ID
SA352315
Listing Agent: Victoria Williams Adcock (License #: 412102) 912-481-8379
Broker: Seaport Real Estate Group 912-202-2042 Listing Site
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Seaport Real Estate Group 912-202-2042 Listing Site
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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