Two-Unit
New
For Sale
$715,000
712 2nd Avenue, Tybee Island, GA 31328
Residential Income, Tybee Island, GA
Property Size2,670 SF
Lot Size0.11 Acres
Price / SF$267.79
Days on Market3
Property Features for 712 2nd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Zoning description
Multi Family, Single Family
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Parking features
Underground/Basement
Patio and Porch features
Porch
Interior features
Ceiling Fan(s)
Appliances
Some Electric Appliances, Electric Water Heater, Microwave, Oven, Range, Self Cleaning Oven, Dryer, Refrigerator, Washer
Subdivision
Ward Two
Lot features
City Lot, Garden
Directions
Highway 80 east to Tybee Island. Right on Jones Avenue and left on7th Street, Right on 7th Street
Standard status
Active
APN
4000518014
Size
2,670 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 36A & 36B WARD 2 TYBEE
Tax Annual Amount
6805
Legal Description
LOTS 36A & 36B WARD 2 TYBEE
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Electric, Heat Pump
Water source
Public
Amenities
screened porch
Building Details
Year built
1928
Floors in Building
2
Number of units
1
Flooring type
Hardwood
Building materials
Frame
Roof type
Composition
Architectural style
Colonial
Listing Agency:
Century 21 Solomon Properties · Century 21 Real Estate
(912) 786-5466
Listed By:
Keith L. Gay · License #254738
(912) 665-2480
Added: Oct 20
Last Checked: Oct 22 at 9:06PM
MLS# SA366816
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
Based on property information with market context.
This 2,670-square-foot, two-unit cottage dates to 1928 and sits on a 0.114-acre parcel. Its lower level has one bedroom, a dining room, a living room, and a screened porch. Upstairs are two bedrooms and one bathroom. Hardwood floors, frame construction, and electric heat pump systems are among the property’s documented features.
Located at 712 2nd Avenue in Tybee Island, the property has R2 zoning. Public water and sewer serve the site. A separate lot behind the cottage is also offered for purchase, but is not included in the property details described here.
Located at 712 2nd Avenue in Tybee Island, the property has R2 zoning. Public water and sewer serve the site. A separate lot behind the cottage is also offered for purchase, but is not included in the property details described here.
Key Highlights
- Two separate living units across two levels
- 2,670 square feet on a 0.114‑acre parcel
- 1928 construction with hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,310
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,200
$566.2K
Cap Rate 7%
$404,429
$404.4K
Cap Rate 9%
$314,556
$314.6K
Market Conditions
NOI Build-Up for 2,670 SF
Gross rent
$43.3K $16.20/SF
− Vacancy
−$2.8K −$1.05/SF
EGI
$40.4K $15.15/SF
− OpEx
−$12.1K −$4.54/SF
NOI
$28.3K $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%
$566,200
Cap Rate 7%
$404,429
Cap Rate 9%
$314,556
Alternative Uses
Best Use
Multifamily LT 5
$404.4K
$353.9K – $471.8K
NOI $28,310 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$375.1K
$328.2K – $437.6K
NOI $26,254 @ 7.0% cap · market cap 3.67%
Theoretical Best
Warehouse
$2.50M
$2.18M – $2.91M
NOI $174,670 @ 7.0% cap · market cap 24.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
177
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
Frequently Asked Questions
What type of property is this?
Duplex - The two-level layout pairs a one-bedroom lower unit with a two-bedroom upper unit.
Where is this duplex located?
The property is located at 712 2nd Avenue Tybee Island, GA.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Two separate living units across two levels; 2,670 square feet on a 0.114‑acre parcel; 1928 construction with hardwood flooring
