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Renovated Triplex with Elevator
For Sale
$1,895,000

3 2nd Terrace St, Tybee Island, GA 31328

Three separate apartments with elevator access, dedicated parking, and proximity to the beach crossover.

Property Size3,200 SF
Price / SF$592.19
Days on Market43

Property Features for 3 2nd Terrace St

General Information

Standard status Active
Size 3,200 SF
Elevators Yes
Property subtype Multi-Family
Occupancy 80%

Additional Details

Multifamily Units 3

Building Details

Year Built 1935
Year Renovated 2006
Listing Agency: Coldwell Banker Access Realty
Listed By: Teresa O. Jackson · License #183974
Source: Bradberrygarnerrealestate
Added: Jul 21 Changed: Aug 31 Last Checked: Aug 31 at 7:10PM

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 Coldwell Banker Access Realty

Investment Insights

Based on property information with market context.

The Terraces is a triplex comprising three separate apartments within a 3,200-square-foot property. The building was constructed in 1935 and underwent a total renovation in 2006. An elevator serves the second and third levels, while parking is provided for all three apartments. Unit upgrades and replacement furnishings have been completed, supporting the property's established short-term rental operation.

Located at 3 2nd Terrace St in Tybee Island, the property sits one back from the beach and offers views toward the ocean. A beach crossover is within steps of the property, providing direct access to the shoreline. Average annual occupancy is approximately 80%.

Key Highlights

  • Three separate apartments in a 3,200‑square‑foot triplex
  • Total renovation completed in 2006
  • Elevator serves the 2nd and 3rd levels

Property Analytics

Current Use

Ocean Watch Tybee ... Vacation Rental

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Hair Salon (Bike/Boat/Book/etc) Store Bakery Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
80%
Occupancy

Location Intelligence

Trade Area within ½ mile

212
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three separate apartments with elevator access, dedicated parking, and proximity to the beach crossover.
Where is this triplex located?
The property is located at 3 2nd Terrace St Tybee Island, GA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Three separate apartments in a 3,200‑square‑foot triplex; Total renovation completed in 2006; Elevator serves the 2nd and 3rd levels
More about this property
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