Using a Green's function method, we present a comprehensive theoretical analysis of the propagation of sagittal acoustic waves in superlattices (SLs) made of alternating elastic solid and ideal fluid layers. This structure may exhibit very narrow pass bands separated by large stop bands. In comparison with solid-solid SLs, we show that the band gaps originate both from the periodicity of the system (Bragg-type gaps) and the transmission zeros induced by the presence of the solid layers immersed in the fluid. The width of the band gaps strongly depends on the thickness and the contrast between the elastic parameters of the two constituting layers. In addition to the usual crossing of subsequent bands, solid-fluid SLs may present a closing of the bands, giving rise to large gaps separated by flat bands for which the group velocity vanishes. Also, we give an analytical expression that relates the density of states and the transmission and reflection group delay times in finite-size systems embedded between two fluids. In particular, we show that the transmission zeros may give rise to a phase drop of $\ensuremath{\pi}$ in the transmission phase, and therefore, a negative delta peak in the delay time when the absorption is taken into account in the system. A rule on the confined and surface modes in a finite SL made of $N$ cells with free surfaces is demonstrated, namely, there are always $N\text{\ensuremath{-}}1$ modes in the allowed bands, whereas there is one and only one mode corresponding to each band gap. Finally, we present a theoretical analysis of the occurrence of omnidirectional reflection in a layered media made of alternating solid and fluid layers. We discuss the conditions for such a structure to exhibit total reflection of acoustic incident waves in a given frequency range for all incident angles. Also, we show how this structure can be used as an acoustic filter that may transmit selectively certain frequencies within the omnidirectional gaps. In particular, we show the possibility of filtering assisted either by cavity modes (in particular sharp Fano resonances) or by interface resonances.