Two-Unit Coastal Income
5 5th Avenue Tybee Island, GA 31328
For Sale
$750,000
MULTI_FAMILY - Tybee Island, GA
Property Size2,548 SF
Lot Size0.30 Acres
Price / SF$294.35
Days on Market101
Property Features for 5 5th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1B
Bedrooms
4
Bathrooms
3
Rooms
Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 3
Parking features
Off Street
Patio and Porch features
Porch, Deck, Patio
Interior features
Fireplace
Exterior features
Deck
Fireplace
1
Appliances
Some Electric Appliances, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Oven, Range, Refrigerator, Washer
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
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump, Electric
Water source
Public
Water front features
Beach Access
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
(912) 786-5466
Listed By:
Lee Ann Marsh · License #245551
(912) 631-1032
Added: Apr 21
Changed: Jul 18
Last Checked: Jul 30 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 duplex consists of two distinct residential levels on two lots, with an upstairs home and a downstairs apartment. The upstairs residence features a 2-bedroom, 2-bath layout with an open kitchen/dining/living arrangement and a bright sunroom that can serve as additional sleeping space. A gas fireplace is included in the living room but is currently non-working. Laundry is positioned conveniently between the bedrooms, and the level includes a front porch and a side deck.
The downstairs apartment is also configured as a 2-bedroom, 1-bath unit with a full kitchen that includes a pantry, along with a laundry closet for a stackable washer and dryer. The downstairs level has its own entrances, including one to the living room through sliding glass doors and a second entrance through the back door to the kitchen. Parking and storage are supported by a two-car drive-under carport, a separate garage with storage, and an attached carport.
The property is located in Tybee Island, GA, in an R1B zoning designation. Public remarks note it is approximately 2 1/2 blocks from the Fort Screven beach walkover, and that short-term rentals would need to meet the current ordinance requiring stays of 30 days or more.
The downstairs apartment is also configured as a 2-bedroom, 1-bath unit with a full kitchen that includes a pantry, along with a laundry closet for a stackable washer and dryer. The downstairs level has its own entrances, including one to the living room through sliding glass doors and a second entrance through the back door to the kitchen. Parking and storage are supported by a two-car drive-under carport, a separate garage with storage, and an attached carport.
The property is located in Tybee Island, GA, in an R1B zoning designation. Public remarks note it is approximately 2 1/2 blocks from the Fort Screven beach walkover, and that short-term rentals would need to meet the current ordinance requiring stays of 30 days or more.
Key Highlights
- Two‑lot property with beach access and Fort Screven beach walkover just 2 1/2 blocks away
- Upstairs residence: 2 bedrooms, 2 bathrooms with open kitchen/dining/living and a bright sunroom that can serve as extra sleeping space
- Downstairs apartment: 2 bedrooms (one with a huge walk‑in closet), 1 bathroom, full kitchen with pantry, and a laundry closet with stackable washer and dryer
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.3k | $16.20 |
| − Vacancy | −$2.7k | −$1.05 |
| EGI | $38.6k | $15.15 |
| − OpEx | −$11.6k | −$4.54 |
| NOI | $27.0k | $10.60 |
2,548 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with separate upstairs and downstairs residences, each offering two bedrooms and independent entry access.
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: Two‑lot property with beach access and Fort Screven beach walkover just 2 1/2 blocks away; Upstairs residence: 2 bedrooms, 2 bathrooms with open kitchen/dining/living and a bright sunroom that can serve as extra sleeping space; Downstairs apartment: 2 bedrooms (one with a huge walk‑in closet), 1 bathroom, full kitchen with pantry, and a laundry closet with stackable washer and dryer
