Furnished Two-Unit
New
For Sale
$975,000
1813 Butler Ave, Tybee Island, GA 31328
Two private residences feature ensuite baths, laundry, and screened porches, with a detached cottage for flexible additional space.
Property Size3,564 SF
Price / SF$273.57
Days on Market6
Property Features for 1813 Butler Ave
General Information
Standard status
Active
Size
3,564 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Furnished
Yes
Currently Operating
Yes
Amenities
screened porch
laundry
ensuite baths
commercial hood and double ovens
detached cottage
grilling porch
outdoor shower
Building Details
Buildings
2
Listing Agency:
ERA Southeast Coastal
(912) 927-1088
Listed By:
Renee P. Dunn · License #165850
(912) 507-6007
Source:
Exprealty
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 28 at 9:48AM
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 ERA Southeast Coastal
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Investment Insights
Based on property information with market context.
This furnished duplex contains two separate residences, each configured with 2 bedrooms and 2 baths, ensuite bathrooms, laundry, and a screened porch. The upper unit has a spacious great room with a wall of windows and a kitchen featuring European cabinetry, granite, a commercial hood, and double ovens. The lower unit offers an open kitchen and sleeper sofas. A detached cottage with heat and air, a grilling porch, and an outdoor shower adds office, workshop, or storage space. The property totals 3,564 square feet, and furnishings are included.
The duplex is on Tybee Island’s South End, a short walk from the ocean beach and Back River. Tybrisa Street dining, shops, and the pier are minutes away. Off-street parking and dual staircases are also part of the property.
The two residences currently operate as licensed short-term vacation rentals with rental history. Short-term rental certificates do not automatically transfer upon sale; continued operation requires a new owner application and City approval, subject to deadlines and current zoning ordinances.
The duplex is on Tybee Island’s South End, a short walk from the ocean beach and Back River. Tybrisa Street dining, shops, and the pier are minutes away. Off-street parking and dual staircases are also part of the property.
The two residences currently operate as licensed short-term vacation rentals with rental history. Short-term rental certificates do not automatically transfer upon sale; continued operation requires a new owner application and City approval, subject to deadlines and current zoning ordinances.
Key Highlights
- Two furnished residences, each with 2 bedrooms and 2 baths
- 3,564‑square‑foot duplex with ensuite baths, laundry, and screened porches in both units
- Detached cottage has heat and air, a grilling porch, and an outdoor shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,789
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,780
$755.8K
Cap Rate 7%
$539,843
$539.8K
Cap Rate 9%
$419,878
$419.9K
Market Conditions
NOI Build-Up for 3,564 SF
Gross rent
$57.7K $16.20/SF
− Vacancy
−$3.8K −$1.05/SF
EGI
$54.0K $15.15/SF
− OpEx
−$16.2K −$4.54/SF
NOI
$37.8K $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%
$755,780
Cap Rate 7%
$539,843
Cap Rate 9%
$419,878
Alternative Uses
Best Use
Multifamily LT 5
$539.8K
$472.4K – $629.8K
NOI $37,789 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$500.6K
$438.1K – $584.1K
NOI $35,044 @ 7.0% cap · market cap 3.59%
Theoretical Best
Warehouse
$3.33M
$2.91M – $3.89M
NOI $233,155 @ 7.0% cap · market cap 23.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two private residences feature ensuite baths, laundry, and screened porches, with a detached cottage for flexible additional space.
Where is this duplex located?
The property is located at 1813 Butler Ave Tybee Island, GA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two furnished residences, each with 2 bedrooms and 2 baths; 3,564‑square‑foot duplex with ensuite baths, laundry, and screened porches in both units; Detached cottage has heat and air, a grilling porch, and an outdoor shower
