Historic Three-Residence Rental
34 Van Horne Street, Tybee Island, GA 31328
For Sale
New
$2,500,000
Residential Income, Tybee Island, GA
Property Size13,020 SF
Lot Size0.70 Acres
Price / SF$192.01
Days on Market3
Property Features for 34 Van Horne Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Exterior features
Fencing
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Currently Operating
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
electric vehicle chargers
golf cart chargers
wheelchair lift
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Keller Williams Coastal Area P · Keller Williams Realty
(912) 356-5001
Listed By:
Sara Bacon · License GA #377507
(912) 272-3778
Added: Nov 11
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# SA368107
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
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Built circa 1907 as Fort Screven’s Commissary and Quartermaster’s Office, this property now comprises three residences on approximately 0.7 acres. The 2017–2018 restoration retained historic features including a slate roof and an elevator that is no longer operational. The residences contain 11 bedrooms and 9 full bathrooms, with reported capacity for up to 30 guests. A detached one-bedroom caretaker’s cottage adds a separate living space. The property is offered furnished and is currently operated as a short-term rental.
A 4,160-square-foot basement provides additional space beyond the more than 8,000 square feet of living area. An exterior wheelchair lift serves Unit 1. The grounds also include two electric vehicle chargers and two golf cart chargers. Public water and sewer serve the property, with off-street parking and a parking lot.
The restoration received awards from Historic Savannah Foundation in 2019 and the Tybee Island Historical Society in 2020. A new owner may qualify to obtain an STR license under the one-time sale provision of Tybee’s ordinance effective January 2027, subject to closing dates and City application requirements.
A 4,160-square-foot basement provides additional space beyond the more than 8,000 square feet of living area. An exterior wheelchair lift serves Unit 1. The grounds also include two electric vehicle chargers and two golf cart chargers. Public water and sewer serve the property, with off-street parking and a parking lot.
The restoration received awards from Historic Savannah Foundation in 2019 and the Tybee Island Historical Society in 2020. A new owner may qualify to obtain an STR license under the one-time sale provision of Tybee’s ordinance effective January 2027, subject to closing dates and City application requirements.
Key Highlights
- Three residences with 11 bedrooms and 9 full bathrooms; capacity for up to 30 guests
- Detached one‑bedroom caretaker’s cottage
- 4,160‑square‑foot basement in addition to more than 8,000 square feet of living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,668
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,873,360
$2.9M
Cap Rate 7%
$2,052,400
$2.1M
Cap Rate 9%
$1,596,311
$1.6M
Market Conditions
NOI Build-Up for 13,020 SF
Gross rent
$218.7K $16.80/SF
− Vacancy
−$13.5K −$1.04/SF
EGI
$205.2K $15.76/SF
− OpEx
−$61.6K −$4.73/SF
NOI
$143.7K $11.03/SF
Area
Chatham County, GA
Vacancy
6.17%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,873,360
Cap Rate 7%
$2,052,400
Cap Rate 9%
$1,596,311
Alternative Uses
Best Use
Multifamily LT 5
$2.05M
$1.80M – $2.39M
NOI $143,668 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$1.89M
$1.66M – $2.21M
NOI $132,572 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$3.52M
$3.08M – $4.10M
NOI $246,109 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
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Trade Area within ½ mile
280
Businesses Nearby
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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
$615,200
Median Home Value
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Market
Average Price Trend$/SF for Short term rental properties in Chatham County, GA
Properties on Market for Short term rental properties in Chatham County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - The furnished property operates as a short-term rental and includes a detached caretaker’s cottage.
Where is this short term rental property located?
The property is located at 34 Van Horne Street Tybee Island, GA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Three residences with 11 bedrooms and 9 full bathrooms; capacity for up to 30 guests; Detached one‑bedroom caretaker’s cottage; 4,160‑square‑foot basement in addition to more than 8,000 square feet of living area
