Furnished Duplex with Detached
New
For Sale
$975,000
1813 Butler Avenue, Tybee Island, GA 31328
Residential Income, Tybee Island, GA
Property Size3,564 SF
Lot Size0.13 Acres
Price / SF$273.57
Days on Market1
Property Features for 1813 Butler Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 3
Patio and Porch features
Porch
Interior features
Ceiling Fan(s)
Exterior features
Balcony
Appliances
Electric Water Heater, Dryer, Refrigerator, Washer
Subdivision
Ocean River Twnhses Ward 5
Lot features
City Lot
Directions
Property will be on the right, past Tybrisa street, almost at the end of Butler
Standard status
Active
APN
4000908004B
Size
3,564 SF
Lot size
0.13 Acres
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
LT B OCEAN RIVER TOWNHOUSES WARD 5 TYBEE ISLAND
Tax Annual Amount
22790
Legal Description
LT B OCEAN RIVER TOWNHOUSES WARD 5 TYBEE ISLAND
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
Bahama shutters
dual staircases
screened porch
wall of windows
large great room
detached cottage with heat & air
grilling porch
outdoor shower
granite countertops
commercial hood
double ovens
sleeper sofas
laundry
ensuite baths
Building Details
Year built
1928
Floors in Building
2
Building materials
Frame
Architectural style
Other
Additional Structures
Outbuilding
Listing Agency:
ERA Southeast Coastal
(912) 927-1088
Listed By:
Renee P. Dunn · License #165850
(912) 507-6007
Added: Oct 23
Last Checked: Oct 23 at 12:06PM
MLS# SA366722
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.
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Investment Insights
Based on property information with market context.
This raised, furnished duplex contains two private residences, each with two bedrooms, two bathrooms, ensuite baths, laundry, and a screened porch. The upper residence has a large great room with expansive windows and a kitchen with European cabinetry, granite counters, a commercial hood, and double ovens. The lower level features an open kitchen and sleeper sofas. A detached cottage with heating and air conditioning, a grilling porch, and an outdoor shower provides additional space. Furnishings remain with the property.
The property occupies 0.126 acres on Tybee Island’s South End, within walking distance of the ocean beach and Back River. Tybrisa Street restaurants, shops, and the pier are a few minutes away. The duplex is currently used as two licensed short-term vacation rental units, but certificates do not automatically transfer at sale. A purchaser must apply for City approval for continued short-term rental use, subject to deadlines and current zoning ordinances.
The property occupies 0.126 acres on Tybee Island’s South End, within walking distance of the ocean beach and Back River. Tybrisa Street restaurants, shops, and the pier are a few minutes away. The duplex is currently used as two licensed short-term vacation rental units, but certificates do not automatically transfer at sale. A purchaser must apply for City approval for continued short-term rental use, subject to deadlines and current zoning ordinances.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- 3,564‑square‑foot duplex on 0.126 acres
- Detached cottage includes heat and air conditioning, 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 - Both residences have two bedrooms, two baths, laundry, and screened porches; a separate cottage adds flexible utility space.
Where is this duplex located?
The property is located at 1813 Butler Avenue 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 residences, each with 2 bedrooms and 2 bathrooms; 3,564‑square‑foot duplex on 0.126 acres; Detached cottage includes heat and air conditioning, a grilling porch, and an outdoor shower
