Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    722 Waters Avenue Ct Savannah, GA 31404

    Sponsored
    For Sale
    Under Contract
    $400,000

    MULTI_FAMILY - Other - Savannah, GA

    Property size:
    1,444 SF
    Lot size:
    0.05 Acres
    Days on Market:
    7
    Last Refresh:
    Feb 22 at 9:06 pm

    Property Features for 722 Waters Avenue Ct

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    Zoning
    R4
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    2003429014
    Parking features
    Off Street
    Appliances
    Electric Water Heater
    Size
    1,444 SF
    Lot size
    0.05 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1914
    Floors in Building
    2
    Number of units
    2
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Chelsea Phillips
    Chelsea Phillips

    Six Bricks LLC (912) 200-9044

    Listing agent Chelsea Phillips (912) 200-9044 License #349197

    Listing date Feb 16, 2026

    MLS# SA347735

    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.

    Learn more

    Property Insight Report

    Overview

    Updated Income-Producing Savannah Duplex

    This income-producing duplex is located in a densely populated, high-demand area of Savannah. The property features a new roof installed in 2022 and a new HVAC unit installed in 2023. Both units have been updated with fresh paint, renovated bathrooms, and updated appliances. The kitchens are bright, and the units include durable finishes and a washer and dryer. A front porch enhances curb appeal, and private off-street parking is available in the back. Each unit is well laid out, low-maintenance, and ready for immediate occupancy. The property size is 1444 square feet, situated on a lot of 0.045 acres. This property is suitable for investors looking to expand their portfolio or enter the multifamily market. The intended use of the property is as a rental income property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Savannah
    County
    Chatham
    State
    Georgia
    Longitude
    -81.079647
    Latitude
    32.063594

    Nearby Similar for Sale

    • $800,000
      1,740 SF

      Victory Drive Commercial Building For Sale

      Freestanding 1,740 SF commercial building with high visibility.
      3021 E Victory Dr, Savannah, GA 31404
      View Details
    • New
      $1,490,000
      3,040 SF

      Savannah Historic District Mixed-Use Property

      Mixed-use property in Savannah's Historic District generating $130K+ annually.
      1014 Abercorn St, Savannah, GA 31401
      View Details
    • $2,498,250
      4,539 SF

      Savannah Colonial with ADU

      Renovated Savannah home with ADU, luxury features, and outdoor kitchen.
      317 E 45Th St, Savannah, GA 31405
      View Details
    • $1,699,000
      6,032 SF

      Savannah Multifamily Investment Opportunity

      Eight-unit multifamily property in Downtown Savannah near SCAD.
      913-917 W 38Th St, Savannah, GA 31401
      View Details
    • $2,250,000
      4,970 SF

      Savannah Historic District Income Property

      Fully licensed 5-unit STVR in Savannah's Historic District.
      28 E Taylor St, Savannah, GA 31401
      View Details
    • $699,900
      6,741 SF

      Mixed-Use Property in Savannah, GA

      Mixed-use property with restaurant, retail, storage, and apartments.
      2901 W Bay St, Savannah, GA 31408
      View Details
    • New
      $6,995,000
      11,665 SF

      Savannah Historic District Multi-Family Property

      Luxurious, renovated condos with STVR permits in Savannah's Landmark District.
      2 E Perry Ln, Savannah, GA 31401
      View Details
    • New
      $1,490,000
      2,500 SF

      Savannah Historic District Duplex Investment

      Turnkey duplex in Savannah's Historic District with STVR certificates.
      315 W Hall St, Savannah, GA 31401
      View Details
    • New
      $2,950,000
      4,428 SF

      Savannah Landmark District Multi-Family Property

      Unique multi-family property in Savannah's Landmark District.
      119 E Jones St, Savannah, GA 31401
      View Details
    • $2,750,000
      5,920 SF

      Historic Savannah Multi-Family Residence

      Victorian multi-family property near Forsyth Park with income potential.
      118 E Gaston St, Savannah, GA 31401
      View Details
    • $1,399,000
      3,506 SF

      Savannah Multifamily Investment Opportunity

      Income-producing multifamily property in downtown Savannah with value-add potential.
      521 W 37Th St, Savannah, GA 31415
      View Details
    • $1,500,000
      3,903 SF

      Savannah Historic District Income Property

      Income-producing property in Savannah's Historic District with short-term rental permits.
      540 E Taylor St, Savannah, GA 31401
      View Details

    FAQs

    What type of property is this?
    Duplex - Freshly updated duplex in high-demand area, ready for immediate occupancy.
    Where is this duplex located?
    The property is located at 722 Waters Avenue Ct Savannah, GA.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Income-producing duplex in a high-demand Savannah location.; - New roof (2022) and HVAC unit (2023).; - Both units are updated with fresh paint, renovated baths, and updated appliances.
    (912) 356-5001
    Request Owner's contact information
    722 Waters Avenue Ct Savannah, GA 31404
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    722 Waters Avenue Ct
    Savannah, GA 31404
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    722 Waters Avenue Ct Savannah, GA 31404
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Chelsea Phillips
    Chelsea Phillips
    Real Estate License ID: 349197
    (912) 356-5001 (912) 509-0522 (912) 332-0465
    Learn more
    Google sign-in failed. Please try again or use another login method.