414 West Park Avenue, Savannah, GA 31401 For Sale

Priced to sell at $1,425,000 — Rare opportunity to acquire a fully renovated, income-producing historic multi-unit property in Savannah’s desirable Victorian District-West. This ~4,206 sq ft portfolio (duplex on W Park Ave + carriage/triplex on W Waldburg Ln, built in 1900, remodeled in 2020) includes five distinct, fully permitted short-term rental units with artistic, high-design interiors that deliver memorable guest experiences.

Each unit features private entries/porches, hardwood floors, modern kitchens, and standout details: custom Savannah street-scene murals, mountain and waterfall wallpapers, statement fireplaces, canopy beds, designer lighting, and vibrant accent walls. All units are fully furnished and turnkey.

Proven Performance (Airbnb/Vrbo/Direct Bookings):

• 2024 Gross Revenue: $198,823 (ANR $377, ~46% occupancy)
• 2025 Gross Revenue: $178,181 (ANR $197, ~49% occupancy)
• All 5 units permitted for STVR in a 20% capped ward — significant scarcity value.

Appraised Value: Independent 2024 appraisal at $1,620,000 “As Is” (real estate $1,570,000 + FF&E $50,000). Recent upgrades include roofs, HVAC, appliances, electrical, insulation, and full interior/exterior refresh.

Investment Highlights:

• Prime walkable location — just blocks from Forsyth Park, dining, downtown attractions, new Enmarket arena and tourism drivers.
• Strong upside potential through dynamic pricing, professional management, and expense optimization (shared costs can be reduced).
• Flexible layouts ideal for couples, families, and groups in Savannah’s robust tourism and film market.

2026 YTD performance annualizes to $204,500 in gross revenue, supporting a pro-forma NOI of $86k–$104k and cap rates of 6.0%–7.3% at the $1,425,000 asking price. Clear path to strong returns with continued optimization

This is a true plug-and-play hospitality asset with diversified cash flow and built-in barrier-to-entry. Ideal for investors expanding their Savannah STR portfolio. Property Manager willing to stay on for management for new owners. One of the owners is a licensed real estate agent.

Asking Price: $1,425,000 | Serious inquiries only.