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    3 2Nd St Tybee Island, GA 31328

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    For Sale
    $1,995,000

    Three-unit multifamily property near the beach with strong rental history.

    Property size:
    3,200 SF

    Property Features for 3 2Nd St

    General Information

    Size
    3,200 SF

    Building Details

    Year built
    1935

    Source: Keller Williams Realty Coastal Area Partners Agent Teresa Jackson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Tybee Island Income Property

    The Terraces is a three-unit multifamily property that generates over $250,000 annually. Located steps from the beach crossover, the property offers ocean views. An elevator provides access to the second and third levels. Parking is available for all three apartments. The units have been upgraded and furnished to maintain an average occupancy rate of approximately 80% each year. The property underwent a total renovation in 2006. This property is intended for short-term rentals.
    Location Intelligence

    Current Use by Public Records

    Ocean Watch Tybee ... Vacation Home Rental Agency

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Wholesale Shop Hair Salon Clothing Store Nail Salon Gym & Fitness 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
    -80.841178
    Latitude
    32.010559

    Nearby Similar for Sale

    • $589,000
      1,374 SF

      Luxurious Condo Steps to Beach

      Meticulously maintained 3-bedroom condo near the beach, great investment.
      1508 Butler Ave, Tybee Island, GA 31328
      View Details
    • $934,900

      Oceanfront Condo at The DeSoto

      Oceanfront condo with beach views, pool, and short-term rental potential.
      214 Butler Ave, Tybee Island, GA 31328
      View Details
    • $675,000
      1,320 SF

      Charming Cottage with Rental Approval

      Turn-key cottage approved for short-term vacation rentals on Tybee Island.
      105 S Campbell Ave, Tybee Island, GA 31328
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit multifamily property near the beach with strong rental history.
    Where is this triplex located?
    The property is located at 3 2Nd St Tybee Island, GA.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: - Grosses over $250,000 annually from three separate apartments.; - Located steps from the beach crossover with FANTASTIC VIEWS.; - Includes an ELEVATOR for convenience.
    Request Owner's contact information
    3 2Nd St Tybee Island, GA 31328
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    Tybee Island, GA 31328
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    Realmo Value Estimation

    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.

    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.

    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
    3 2Nd St Tybee Island, GA 31328
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