Two-Level Duplex with
For Sale
$750,000
5 5th Ave, Tybee Island, GA 31328
Separate upper and lower residences include kitchens, baths, laundry areas, and independent entrances.
Property Size2,548 SF
Price / SF$294.35
Days on Market83
Property Features for 5 5th Ave
General Information
Standard status
Active
Size
2,548 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
gas fireplace (currently non-working)
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
sunroom
front porch
side deck
gas fireplace
laundry
stackable washer/dryer
Building Details
Year Built
1979
Listing Agency:
Century 21 Solomon Properties
Listed By:
Lee Ann Marsh · License #245551
(912) 631-1032
Source:
Bradberrygarnerrealestate
Added: Jul 25
Changed: Oct 3
Last Checked: Oct 7 at 3:07PM
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 Century 21 Solomon Properties
Investment Insights
Based on property information with market context.
This 1979 duplex contains two distinct residences across its upper and lower levels. The upstairs home offers 2 bedrooms and 2 baths, an open kitchen, dining, and living area, a sunroom that can serve as additional sleeping space, a front porch, side deck, and laundry room. The lower apartment has 2 bedrooms, 1 bath, a full kitchen with pantry, laundry closet, and separate access through the living room and kitchen. A gas fireplace remains in the upstairs living room but is currently non-working.
The property occupies two lots approximately 2 1/2 blocks from the Fort Screven beach walkover and within walking distance of local restaurants, cafés, shops, entertainment, and convenience stores. Parking and storage include a two-car drive-under carport, separate garage with storage, and attached carport. The levels may be connected by an interior staircase. Under the current STR ordinance, stays must be 30 days or longer.
The property occupies two lots approximately 2 1/2 blocks from the Fort Screven beach walkover and within walking distance of local restaurants, cafés, shops, entertainment, and convenience stores. Parking and storage include a two-car drive-under carport, separate garage with storage, and attached carport. The levels may be connected by an interior staircase. Under the current STR ordinance, stays must be 30 days or longer.
Key Highlights
- Duplex on two lots approximately 2 1/2 blocks from the Fort Screven beach walkover
- Upper residence includes 2 bedrooms, 2 baths, sunroom, front porch, and side deck
- Lower apartment offers 2 bedrooms, 1 bath, full kitchen, pantry, and separate entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,016
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,320
$540.3K
Cap Rate 7%
$385,943
$385.9K
Cap Rate 9%
$300,178
$300.2K
Market Conditions
NOI Build-Up for 2,548 SF
Gross rent
$41.3K $16.20/SF
− Vacancy
−$2.7K −$1.05/SF
EGI
$38.6K $15.15/SF
− OpEx
−$11.6K −$4.54/SF
NOI
$27.0K $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%
$540,320
Cap Rate 7%
$385,943
Cap Rate 9%
$300,178
Alternative Uses
Best Use
Multifamily LT 5
$385.9K
$337.7K – $450.3K
NOI $27,016 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$357.9K
$313.2K – $417.6K
NOI $25,054 @ 7.0% cap · market cap 3.34%
Theoretical Best
Warehouse
$2.38M
$2.08M – $2.78M
NOI $166,689 @ 7.0% cap · market cap 22.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
264
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
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Frequently Asked Questions
What type of property is this?
Duplex - Separate upper and lower residences include kitchens, baths, laundry areas, and independent entrances.
Where is this duplex located?
The property is located at 5 5th Ave Tybee Island, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Duplex on two lots approximately 2 1/2 blocks from the Fort Screven beach walkover; Upper residence includes 2 bedrooms, 2 baths, sunroom, front porch, and side deck; Lower apartment offers 2 bedrooms, 1 bath, full kitchen, pantry, and separate entrances
