Updated Duplex Near The
For Sale
$799,000
1404 Jones Ave, Tybee Island, GA 31328
Two residences combine coastal living, recent improvements, and convenient access to dining, shopping, and entertainment.
Property Size2,140 SF
Price / SF$373.36
Days on Market58
Property Features for 1404 Jones Ave
General Information
Standard status
Active
Size
2,140 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Building Details
Year Built
1991
Listing Agency:
Century 21 Solomon Properties
Listed By:
Lee Ann Marsh · License #245551
(912) 631-1032
Source:
Patrickrealestate
Added: Aug 19
Changed: Oct 5
Last Checked: Oct 7 at 3:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Solomon Properties
Investment Insights
Based on property information with market context.
This updated duplex property includes a three-bedroom, two-bath home and a one-bedroom, one-bath apartment within 2,140 square feet. Built in 1991, the property has undergone recent renovations that create a bright interior with an open feel and abundant natural light. Three sliding glass doors open onto the front porch, extending the living area outdoors.
The property is located three blocks from the beach and within walking distance of restaurants, bars, shopping, and entertainment in Tybee Island. The sale includes furnishings, providing a ready-to-use coastal property with both a primary residence and apartment component.
The property is located three blocks from the beach and within walking distance of restaurants, bars, shopping, and entertainment in Tybee Island. The sale includes furnishings, providing a ready-to-use coastal property with both a primary residence and apartment component.
Key Highlights
- Three‑bedroom, two‑bath home paired with a one‑bedroom, one‑bath apartment
- 2,140 square feet across the duplex property
- Three blocks from the beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,690
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,800
$453.8K
Cap Rate 7%
$324,143
$324.1K
Cap Rate 9%
$252,111
$252.1K
Market Conditions
NOI Build-Up for 2,140 SF
Gross rent
$34.7K $16.20/SF
− Vacancy
−$2.3K −$1.05/SF
EGI
$32.4K $15.15/SF
− OpEx
−$9.7K −$4.54/SF
NOI
$22.7K $10.60/SF
Area
Chatham County, GA
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,800
Cap Rate 7%
$324,143
Cap Rate 9%
$252,111
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
253
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two residences combine coastal living, recent improvements, and convenient access to dining, shopping, and entertainment.
Where is this duplex located?
The property is located at 1404 Jones Ave 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: Three‑bedroom, two‑bath home paired with a one‑bedroom, one‑bath apartment; 2,140 square feet across the duplex property; Three blocks from the beach
