Historic Coastal Triplex
1102 Lovell Avenue Tybee Island, GA 31328
1102 Lovell Avenue, Tybee Island, GA, 31328
$1,189,000
For Sale
$1,189,000
MULTI_FAMILY - Tybee Island, GA
Property Size3,258 SF
Lot Size0.11 Acres
Price / SF$364.95
Days on Market85
Property Features for 1102 Lovell Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bathroom 5, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 2
- Parking features
- Off Street
- Patio and Porch features
- Porch, Patio
- Interior features
- Ceiling Fan(s), Pull Down Attic Stairs
- Exterior features
- Courtyard, Fire Pit
- Fencing
- Privacy
- Appliances
- Some Gas Appliances, Dishwasher, Electric Water Heater, Disposal, Oven, Range, Range Hood, Wine Cooler, Dryer, Refrigerator, Washer
- Standard status
- Active
- APN
- 4000619001
- Size
- 3,258 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 17B RECOMBINATION OF LOTS 17A & 17B WARD 3 TYBEE PRB 15P 5
- Tax Annual Amount
- 8637
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Central, Electric (Heating), Heat Pump (Heating)
- Cooling system
- Central Air, Electric, Window Unit(s), Heat Pump
- Water source
- Public
Building Details
- Year built
- 1932
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Wood, Hardwood, Tile - Ceramic
- Building materials
- Brick, Cedar, Frame, Wood Siding
- Roof type
- Asphalt
Listing Agency
Keller Williams Coastal Area P
(912) 356-5001
329 Commercial Dr., Suite 100, Savannah, GA
Listed by
Libby Bacon · License #267763
(912) 272-3776
Added: Apr 24 Checked: Jul 17 at 11:06 am
MLS# SA354234
Listing URL
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.
Built circa 1932, this historic coastal home offers flexible triplex-style living with six bedrooms and five baths. The upper level functions as a main residence with three bedrooms and three baths, featuring high ceilings, original heart pine floors, built-ins, and a kitchen with a 10-foot peninsula/eating bar, wine fridge, gas cooktop, and quartz countertops. The lower level includes two separate living spaces: a two-bedroom, one-bath apartment with a full kitchen and washer/dryer, and a one-bedroom, one-bath efficiency.
Each lower unit has its own parking, private entrance, and outdoor space. A shared downstairs entrance and den connect all three living areas, allowing the property to operate as one larger residence or as distinct units depending on the setup.
Zoned R2, the property is described as being just a block from the beach and close to dining and Memorial Park.
Each lower unit has its own parking, private entrance, and outdoor space. A shared downstairs entrance and den connect all three living areas, allowing the property to operate as one larger residence or as distinct units depending on the setup.
Zoned R2, the property is described as being just a block from the beach and close to dining and Memorial Park.
Key Highlights
- Circa 1932 historic Tybee Island home with 6 bedrooms and 5 bathrooms
- Layout includes three living areas: upper main residence (3 bed/3 bath) plus a 2 bed/1 bath apartment and a 1 bed/1 bath efficiency
- Apartment and efficiency each have a full kitchen where noted, plus washer and dryer in the 2‑bedroom apartment
Local 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 | $52.8k | $16.20 |
| − Vacancy | −$3.4k | −$1.05 |
| EGI | $49.3k | $15.15 |
| − OpEx | −$14.8k | −$4.54 |
| NOI | $34.5k | $10.60 |
3,258 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$493.5K
$431.8K – $575.7K
NOI $34,544 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$457.7K
$400.5K – $533.9K
NOI $32,036 @ 7.0% cap · market cap 2.69%
Theoretical Best
Warehouse
$3.04M
$2.66M – $3.55M
NOI $213,137 @ 7.0% cap · market cap 17.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Yellowfin Ultimate Beach ...
Public Beach
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FAQs
What type of property is this?
Triplex - Built circa 1932, this triplex-style income property offers six bedrooms and five baths across three separate living areas.
Where is this triplex located?
The property is located at 1102 Lovell Avenue Tybee Island, GA.
What is the asking price?
The asking price for this property is $1,189,000.
What are key features of this property?
This property features: Circa 1932 historic Tybee Island home with 6 bedrooms and 5 bathrooms; Layout includes three living areas: upper main residence (3 bed/3 bath) plus a 2 bed/1 bath apartment and a 1 bed/1 bath efficiency; Apartment and efficiency each have a full kitchen where noted, plus washer and dryer in the 2‑bedroom apartment
