Three-Story Multifamily Property with
For Sale
$2,600,000
605 6th St, Tybee Island, GA 31328
Modern three-floor property featuring elevator access, marsh views, a pool, and water access near the beach.
Property Size7,818 SF
Price / SF$332.57
Days on Market365
Property Features for 605 6th St
General Information
Standard status
Active
Size
7,818 SF
Elevators
Yes
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Amenities
pool
Building Details
Stories
3
Listing Agency:
Parker Scott Properties
(912) 897-6320
Listed By:
Samuel O. Clark · License #421582
(912) 661-6142
Source:
Exprealty
Added: Oct 20, 2025
Changed: Oct 16
Last Checked: Oct 16 at 10:59AM
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 Parker Scott Properties
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Investment Insights
Based on property information with market context.
This 7,818 SF multifamily property at 605 6th St offers modern construction across three floors, with high ceilings, abundant natural light, and yellow pine flooring throughout. Each bathroom is a full bathroom, and an elevator provides access to every level. The hardscaped yard includes a pool and is designed for low-maintenance use.
The property overlooks marshland from its windows and is within a short walk of the beach. Water access is available, with the ability to build a dock. Units A & B are also available separately.
The property overlooks marshland from its windows and is within a short walk of the beach. Water access is available, with the ability to build a dock. Units A & B are also available separately.
Key Highlights
- 7,818 SF multifamily property at 605 6th St, Tybee Island, GA
- Elevator access to all three floors
- Pool within a fully hardscaped yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,873
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,537,460
$1.5M
Cap Rate 7%
$1,098,186
$1.1M
Cap Rate 9%
$854,144
$854.1K
Market Conditions
NOI Build-Up for 7,818 SF
Gross rent
$149.2K $19.08/SF
− Vacancy
−$9.4K −$1.20/SF
EGI
$139.8K $17.88/SF
− OpEx
−$62.9K −$8.05/SF
NOI
$76.9K $9.83/SF
Area
Chatham County, GA
Vacancy
6.30%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,537,460
Cap Rate 7%
$1,098,186
Cap Rate 9%
$854,144
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$960.9K – $1.28M
NOI $76,873 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.31M
$6.39M – $8.52M
NOI $511,450 @ 7.0% cap · market cap 19.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
190
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Modern three-floor property featuring elevator access, marsh views, a pool, and water access near the beach.
Where is this multifamily property located?
The property is located at 605 6th St Tybee Island, GA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 7,818 SF multifamily property at 605 6th St, Tybee Island, GA; Elevator access to all three floors; Pool within a fully hardscaped yard
