720 Waters Avenue Savannah, GA 31404
MULTI_FAMILY - Other - Savannah, GA
Property Features for 720 Waters Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Interior features
- Pull Down Attic Stairs
- Appliances
- Dishwasher, Electric Water Heater, Refrigerator
- Standard status
- Active
- APN
- 2003429015
- Size
- 1,268 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- 5 BLK 2 HULL WARD
- Tax Annual Amount
- 1544
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1914
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Shannee L. Theus License #390473 (315) 289-6677
Listing office Keller Williams Coastal Area P 329 Commercial Dr., Suite 100, Savannah, GA (912) 356-5001
Listing date Jul 15, 2026
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.
Investment Insights
Based on property information with market context.
Per the current leasing status, the 720A unit is leased month-to-month at $1,600 per month. The 720B unit is secured on a fixed lease through April 2027 at $1,600 per month, and both units are described as occupied.
Exterior amenities include a covered front porch and off-street parking for both units. The property is zoned R4 and listed as 1,268 square feet.
Key Highlights
- Fully leased legal duplex at 720 Waters Ave with 4 bedrooms and 2 total bathrooms across two units
- Gross annual rental income of $38,400; both units occupied with one month‑to‑month lease and one fixed lease through April 2027
- Both units at $1,600/month; off‑street parking for both units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.5k | $16.20 |
| − Vacancy | −$1.3k | −$1.05 |
| EGI | $19.2k | $15.15 |
| − OpEx | −$5.8k | −$4.54 |
| NOI | $13.4k | $10.60 |
