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Renovated Beachside Triplex
For Sale
Under Contract
$1,895,000

3 2nd Terrace Street, Tybee Island, GA 31328

Residential Income, Tybee Island, GA

Property Size3,200 SF
Price / SF$592.19
Days on Market128

Property Features for 3 2nd Terrace Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning R.T
Zoning description Multi Family
Bedrooms 5
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 5, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 5, Bathroom 1
Parking features Underground/Basement, Off Street
Interior features Ceiling Fan(s)
Appliances Some Electric Appliances, Electric Water Heater, Oven, Plumbed For Ice Maker, Range Hood, Dryer, Refrigerator, Washer
Lot features Level
View Water
Directions Highway 80 East to Tybee - Go around sharp curve - turn (L) on 2nd Terrace - house 1 back from ocean on right.
Standard status Active Under Contract
APN 4000405004
Size 3,200 SF

Taxes and HOA fees

Tax Description Lot 6A, Recombination of Lot 6 & Pt. of Lot 5 Sub Lots 19 & 20
Legal Description Lot 6A, Recombination of Lot 6 & Pt. of Lot 5 Sub Lots 19 & 20

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Heat Pump (Heating), Electric (Heating), Wall Furnace, Central
Cooling system Central Air, Electric
Water source Public

Amenities

private balcony

Building Details

Year built 1935
Floors in Building 3
Number of units 3
Flooring type Hardwood
Building materials Frame
Roof type Composition
Listing Agency: Coldwell Banker Access Realty
Listed By: Teresa O. Jackson · License #183974
Added: Apr 17 Changed: Aug 22 Last Checked: Aug 22 at 10:06AM
MLS# SA354067

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.

Investment Insights

Based on property information with market context.

This three-unit triplex contains 3,200 square feet across three furnished apartments, each with a private balcony and one designated parking space. An elevator serves the second and third floors, while the property includes hardwood flooring, central air, electric heating, public water, and public sewer. The building dates to 1935 and has undergone multiple renovations and upgrades since 2011, with furnishings and unit improvements updated over time.

Located one property back from the ocean, the building is near a beach crossover in Tybee Island. The property is zoned R.T. Current ownership manages the apartments through The Desoto Beach Hotel and has agreed to continue management for a new owner at a reduced market rate if requested.

Key Highlights

  • 3,200‑square‑foot triplex with three furnished apartments
  • One property back from the ocean and near a beach crossover
  • Private balcony and one parking space assigned to each apartment

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

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Furnished apartments offer private balconies, dedicated parking, and elevator access to upper floors near the beach.
Where is this triplex located?
The property is located at 3 2nd Terrace Street 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: 3,200‑square‑foot triplex with three furnished apartments; One property back from the ocean and near a beach crossover; Private balcony and one parking space assigned to each apartment
More about this property
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