Duplex with Beach
For Sale
$750,000
5 5th Avenue, Tybee Island, GA 31328
Residential Income, Tybee Island, GA
Property Size2,548 SF
Lot Size0.30 Acres
Price / SF$294.35
Days on Market165
Property Features for 5 5th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1B
Zoning description
Multi Family
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2
Parking features
Off Street
Patio and Porch features
Deck, Patio, Porch
Interior features
Fireplace
Exterior features
Deck
Fireplace
1
Appliances
Some Electric Appliances, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Oven, Range, Refrigerator, Washer
Lot features
City Lot
Directions
Highway 80 east to Tybee Island. Left on 5th Ave, house on left.
Standard status
Active
APN
4-0003-08-004B
Size
2,548 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 219 + 220 WARD 1 TYBEE ISLA ND SAVANNAH BEACH
Tax Annual Amount
9822
Legal Description
LOTS 219 + 220 WARD 1 TYBEE ISLA ND SAVANNAH BEACH
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Heat Pump, Electric
Water source
Public
Water front features
Beach Access
Amenities
gas fireplace
sunroom
front porch
side deck
laundry
Building Details
Year built
1979
Floors in Building
2
Number of units
2
Building materials
Frame
Roof type
Composition
Listing Agency:
Century 21 Solomon Properties · Century 21 Real Estate
(912) 786-5466
Listed By:
Lee Ann Marsh · License #245551
(912) 631-1032
Added: Apr 21
Changed: Sep 25
Last Checked: Oct 2 at 9:06AM
MLS# SA353567
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 2,548-square-foot duplex, built in 1979, occupies two lots totaling 0.3 acres. The upper residence offers two bedrooms and two baths, with an open kitchen, dining, and living arrangement, plus a sunroom, front porch, side deck, fireplace, and laundry area. The lower apartment includes two bedrooms, one bath, a full kitchen with pantry, laundry closet, and separate exterior entries.
Parking and storage include a two-car drive-under carport, attached carport, and detached garage with storage. The property has public water and public sewer, electric heat pump systems, a composition roof, and R1B zoning. Beach access is located 2 1/2 blocks away at the Fort Screven beach walkover. The property is also within walking distance of restaurants, coffee, dessert, entertainment, convenience, and souvenir businesses. Under the current short-term-rental ordinance, stays must be 30 days or more.
Parking and storage include a two-car drive-under carport, attached carport, and detached garage with storage. The property has public water and public sewer, electric heat pump systems, a composition roof, and R1B zoning. Beach access is located 2 1/2 blocks away at the Fort Screven beach walkover. The property is also within walking distance of restaurants, coffee, dessert, entertainment, convenience, and souvenir businesses. Under the current short-term-rental ordinance, stays must be 30 days or more.
Key Highlights
- 2,548‑square‑foot duplex on 0.3 acres across two lots
- Upper residence: 2 bedrooms, 2 baths, open kitchen, dining, and living areas
- Lower apartment: 2 bedrooms, 1 bath, full kitchen, pantry, and separate entries
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,016
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-level residential property with separate living areas, parking, storage, and outdoor spaces near the beach.
Where is this duplex located?
The property is located at 5 5th Avenue 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: 2,548‑square‑foot duplex on 0.3 acres across two lots; Upper residence: 2 bedrooms, 2 baths, open kitchen, dining, and living areas; Lower apartment: 2 bedrooms, 1 bath, full kitchen, pantry, and separate entries
