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2304 Waters Ave, Savannah, GA, 31404

3beds
1baths
1,200sqft
$285,000
$238price/sqft
$2,065/moest. monthly cost
$82,600/yrincome needed

About This Home

2304 Waters Avenue Zillow listing text Incredible investment location with heavy foot traffic in a vibrant neighborhood! Potential for restoring three store fronts in one building, or keeping a single large, open space. This building is within the Historic Waters Avenue Neighborhood Corridor Revitalization by the City of Savannah. Tax incentives and other programs are/may be available. Buildings along this quaint corridor have been recently renovated by local entrepreneurs. There’s a strong demand amongst neighborhood artists/homeowners for maker art space and art storefronts within walking distance of their homes. The City of Savannah has been actively focused on a Waters Avenue multimillion dollar streetscape improvement. The transformation has successfuly increased interest in neighborhood revitalization. This property receives heavy foot traffic and eyes on the property from locals that frequent Waters Café across the street, Good Fortune Market, Stacks Bookstore, and Cast and Grey Botanical. 2304 Waters Avenue receives strong midday and afternoon sun, with big windows that are well suited for plants and creating/showcasing artwork. The Historic Waters Avenue Community Association is active in improving the neighborhood, picking up trash, connecting business owners, and providing information about tax incentives.. More restaurants have opened recently like the new 520 Wings a couple of blocks away, and Slow Fire Savannah BBQ is renovating a large restaurant a few blocks away. Rooftop does need work, a rooftop bar/hangout (public or private) could work well. If locally harvested wooden barn beams or thick wood slabs are your thing, we can help with the supply and finishing end. Sadly, this building does not come with parking, even though it does come with great neighbors and lively conversations. The hot, sunny bus stop out front means it’s your responsibility as the new building owner and a good citizen to keep a sitting bench for the elderly, disabled and tired bus riders along with an awning to help shade them from the intense summer sun. The bus stop in front of the building has a bench for older citizens to sit at while they wait for the bus. The afternoon sun can be very intense and hot, so the awning has been a blessing for many of the folks waiting for the bus. We hope the new building owner will endeavor to provide seating and shade for bus users. Savannah thrives from kindness and connection, and 2304 Waters Avenue will connect to the local community.

Getting Around

60
WalkingSomewhat Walkable
0
TransitVery Limited Transit
71
BikeVery Bikeable

Schools

5/10
3/10
Hubert Middle SchoolGrades 6-81.1 mi

Construction

Condition

  • Year built: 1945

Materials

  • Construction materials: Concrete Block

Type & Style

  • Home type: MultiFamily

Interior

Basement

  • Basement: Basement (not specified)

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Heating & Cooling

  • Heating features: Other,Other
  • Cooling features: Other

Interior Area

  • Total interior livable area: 1,200 sqft

Property

Details

  • Parcel number: 2006324002

Features

  • Exterior features: Cement / Concrete

Lot

  • Lot size: 1,481 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Heat Wave
Lightning
Tsunami

FEMA Declared Disasters Across Georgia Counties

Hurricane
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,441$17,292
Home Insurance *$213$2,556
Property Taxes $192$2,304
Electricity $219$2,637
Total$2,065$24,780
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$70,800/yr
40% on housing$61,950/yr
45% on housing$55,066/yr

Georgia FAIR Plan Programs

Georgia Underwriting Association

Covered
WildfireWildfire
Add-on available
WindWind
Visit Website →

Georgia Underwriting Association - Coastal

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,778Commercial: 638
Total Premiums$16.25M
Total Exposure$2.20B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 3.6%
3.6%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$238This listing

vs Other Active Listings

Avg $/sqft

ZIP 31404$153
Chatham County$225

vs Homes Sold Last Month

Median $/sqft

ZIP 31404$234
Chatham County$203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-29Price change$285,000
2026-02-24Listed for sale$295,000
2026-02-08Listing removed--
2025-11-10Listed for sale$319,000

For Sale by Owner

AgentProperty Owner

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