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    5 5Th Ave Tybee Island, GA 31328

    Sponsored
    For Sale
    $750,000

    MULTI_FAMILY - Tybee Island, GA

    Property size:
    2,548 SF
    Lot size:
    0.30 Acres
    Days on Market:
    19
    Last Refresh:
    Feb 22 at 12:06 pm

    Property Features for 5 5Th Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R1B
    Rooms
    Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1
    Bedrooms
    4
    Bathrooms
    3
    APN
    4-0003-08-004B
    Parking features
    Off Street
    Patio and Porch features
    Deck, Patio, Porch
    Interior features
    Fireplace
    Exterior features
    Deck
    Fireplace
    1
    Appliances
    Some Electric Appliances, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Oven, Range, Refrigerator, Washer
    Size
    2,548 SF
    Lot size
    0.30 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Heat Pump, Electric
    Water source
    Public
    Water front features
    Beach Access

    Building Details

    Year built
    1979
    Floors in Building
    2
    Number of units
    2
    Building materials
    Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Lee Ann Marsh
    Lee Ann Marsh

    Century 21 Solomon Properties (912) 786-5466

    Listing agent Lee Ann Marsh (912) 786-5466 License #245551

    Listing date Feb 4, 2026

    MLS# SA336952

    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.

    Learn more

    Property Insight Report

    Overview

    Tybee Island Multifamily Income Property

    This multifamily property is located on Tybee Island, GA, approximately 2 1/2 blocks from the Fort Screven beach walkover. Situated on two lots, the property offers outdoor living space. The upstairs residence features a 2-bedroom, 2-bath layout with an open kitchen, dining, and living room concept. A sunroom provides additional sleep space. The residence includes a front porch and a side deck. The living room has a gas fireplace (currently non-working). A laundry room is located between the bedrooms. The downstairs apartment has a 2-bedroom layout (one with a walk-in closet), 1 bath, a full kitchen with a pantry, and a laundry closet with a stackable washer and dryer. The downstairs apartment has two entrances, one to the living room through sliding glass doors and one through the back door to the kitchen. Parking and storage are available with a two-car drive-under carport, a separate garage with storage, an attached carport, and a separate driveway. The two levels could be connected by an interior staircase to create a single-family home. The property is within walking distance of local establishments including Sundae Cafe, Salt Island Fish & Beer, The Quarter Bar, Sand Cat Coffee Shop, Sugar Shack Ice Cream & Candy Shop, Tybee Post Theater, XYZ Liquor store, convenience stores and souvenir shops. The property is not zoned for short-term rentals under the current ordinance, so rentals must be for 30 days or more.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Real Estate Agency Hair Salon Nail Salon Gym & Fitness Center Big Box & Wholesale Store Accounting Firm Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tybee Island
    County
    Chatham
    State
    Georgia
    Longitude
    -80.844499
    Latitude
    32.0149

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    FAQs

    What type of property is this?
    Duplex - Coastal living with income potential near Fort Screven beach.
    Where is this duplex located?
    The property is located at 5 5Th Ave Tybee Island, GA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Income potential with a separate 2-bedroom, 1-bath downstairs apartment.; - Desirable location: Just 2 1/2 blocks from the beach and walking distance to restaurants, shops, and entertainment.; - **Two spacious lots providing ample outdoor living space and potential for a pool.**
    (912) 631-1032
    Request Owner's contact information
    5 5Th Ave Tybee Island, GA 31328
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 5Th Ave Tybee Island, GA 31328
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    We can help!
    Listing Contact
    Lee Ann Marsh
    Lee Ann Marsh
    Real Estate License ID: 245551
    (912) 631-1032 (912) 786-5466
    Learn more
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