Updated Duplex with One-Bedroom
For Sale
$799,000
1404 Jones Avenue, Tybee Island, GA 31328
MULTI_FAMILY - Other - Tybee Island, GA
Property Size2,140 SF
Lot Size0.09 Acres
Price / SF$373.36
Days on Market191
Property Features for 1404 Jones Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 3
Parking features
Underground/Basement
Appliances
Some Electric Appliances, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Oven, Plumbed For Ice Maker, Range, Refrigerator, Self Cleaning Oven, Washer
Directions
Hwy. 80 to Tybee. Right on Jones Ave. House is on the left in the 1400 block of Jones.
Standard status
Active
APN
4000719002
Size
2,140 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 81A WARD 4 TYBEE
Tax Annual Amount
7743
Legal Description
LOT 81A WARD 4 TYBEE
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1991
Floors in Building
1
Building materials
Frame
Architectural style
Other
Listing Agency:
Century 21 Solomon Properties · Century 21 Real Estate
(912) 786-5466
Listed By:
Lee Ann Marsh · License #245551
(912) 631-1032
Added: Jan 20
Changed: Jul 18
Last Checked: Jul 30 at 2:06PM
MLS# SA347244
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.
This updated duplex offers flexible living with two residential units. The main home is a three-bedroom, two-bath layout featuring a bright, open feel and natural light throughout. Three sliding glass doors open to a welcoming front porch, supporting an indoor-outdoor living setup. A separate one-bedroom, one-bath apartment adds additional independent space. The property is sold furnished.
The home is located on Jones Avenue in Tybee Island, about three blocks from the beach. Public remarks also indicate it is within walking distance to restaurants, bars, shopping, and entertainment.
Set on a 0.09-acre lot, the property is listed as a 2,140-square-foot duplex under R2 zoning.
The home is located on Jones Avenue in Tybee Island, about three blocks from the beach. Public remarks also indicate it is within walking distance to restaurants, bars, shopping, and entertainment.
Set on a 0.09-acre lot, the property is listed as a 2,140-square-foot duplex under R2 zoning.
Key Highlights
- 1991‑built frame home just 3 blocks from the beach
- 3‑bedroom, 2‑bath main home plus a spacious 1‑bedroom, 1‑bath apartment
- Central air and electric heating with baseboard heat
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 | $34.7k | $16.20 |
| − Vacancy | −$2.3k | −$1.05 |
| EGI | $32.4k | $15.15 |
| − OpEx | −$9.7k | −$4.54 |
| NOI | $22.7k | $10.60 |
2,140 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$324.1K
$283.6K – $378.2K
NOI $22,690 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$300.6K
$263.0K – $350.7K
NOI $21,042 @ 7.0% cap · market cap 2.63%
Theoretical Best
Warehouse
$2.00M
$1.75M – $2.33M
NOI $139,998 @ 7.0% cap · market cap 17.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 31328, GA
3,430
Population
3,490
Households
1
Avg Household Size
60
Median Age
49%
College-Educated
97%
High-School Grad
9.2 sq mi
ZIP Area
373
Density / Sq Mi
$105,669
Median Household Income
$42,280
Median Earnings
$1,205
Median Rent
$615,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated three-bedroom, two-bath residence plus a one-bedroom, one-bath apartment, with natural-light and front-porch access.
Where is this duplex located?
The property is located at 1404 Jones Avenue Tybee Island, GA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1991‑built frame home just 3 blocks from the beach; 3‑bedroom, 2‑bath main home plus a spacious 1‑bedroom, 1‑bath apartment; Central air and electric heating with baseboard heat
