802 W 44th Street, Savannah, GA 31405

Description

A full gut renovation on a corner double lot! 6 bedrooms, 4.5 baths, 2,684 square feet, and nothing left to inherit. The roof, water heater, and HVAC were all replaced in 2025.
Inside, the kitchen is entirely new: LG appliance package, quartz countertops, clean modern lines. The living room centers on a grey stone fireplace, built for the space rather than bolted onto it. Several bedrooms carry their own private ensuite bath creating real separation, not shared hallway access, which matters as much for a family as it does for anyone renting rooms independently.
The location is 4 minutes from SCAD's academic buildings, on a corner lot with extra room most in-town properties don't have. Room-by-room rents in this pocket of Savannah run $900–$1,300/month. Run that against the purchase price and this property pencils to an 11.5% cap rate, a rare number for a fully renovated, code-current property this close to campus.
Savannah's long game backs this up. The city's economy is anchored by one of the fastest-growing ports on the East Coast, a steady influx of SCAD students and staff, and population growth that's kept demand for in-town rentals ahead of new supply for years. Corner lot. Double lot. Systems already replaced. Turnkey for the next owner, is it you?