Three-Unit Beachside
For Sale
$2,700,000
213 76th Ave. N, Myrtle Beach, SC 29577
MULTI-FAMILY, Myrtle Beach, SC
Property Size12,234 SF
Price / SF$220.70
Days on Market40
Property Features for 213 76th Ave. N
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage
Lot features
Rectangular, East of Bus. 17, Inside City Limits, Oceanview
Elementary school
Myrtle Beach Elementary School
Middle school
Myrtle Beach Middle School
High school
Myrtle Beach High School
Subdivision
16D Myrtle Beach Area--48th Ave N to 79th Ave N
Standard status
Active
Size
12,234 SF
Utilities
Utilities
Cable Available
Amenities
balconies
shared outdoor pool
Building Details
Year built
2006
Number of units
3
Listing Agency:
Realty ONE Group Dockside
(843) 492-4030
Listed By:
Liat Edri · License #6170
(843) 222-6357
Added: Jul 21
Changed: Aug 26
Last Checked: Aug 29 at 12:06PM
MLS# 2618270
Copyright © 2026 Coastal Carolina Association of REALTORS®. 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 three-unit triplex contains 12,234 square feet, with each residence extending across three stories and offering over 4,000 square feet. The property provides 24 bedrooms and 22.5 bathrooms in total. Each unit includes two kitchens, two living rooms, balconies on all three levels, a private elevator, and a parking garage. Interior features include granite countertops, stainless steel appliances, ceramic tile and wood flooring, recessed lighting, laundry rooms, and multiple bedroom and living configurations. Covered parking beneath each unit accommodates 4-5 cars, with private egress and a fenced, tree-surrounded patio.
The property sits on the beach side of northern Myrtle Beach in the Golden Mile area, near the shoreline and a range of restaurants, bars, and retail stores. A shared outdoor pool serves the common area. Both short-term and long-term rentals are allowed, offering flexibility for the property's use.
The property sits on the beach side of northern Myrtle Beach in the Golden Mile area, near the shoreline and a range of restaurants, bars, and retail stores. A shared outdoor pool serves the common area. Both short-term and long-term rentals are allowed, offering flexibility for the property's use.
Key Highlights
- Three units totaling 24 bedrooms, 22.5 bathrooms, and 12,234 square feet
- Each unit offers over 4,000 square feet across three stories
- Private elevator in every unit connects the garage level to all floors
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
$124,963
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
4.63%
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%
$2,499,260
$2.5M
Cap Rate 7%
$1,785,186
$1.8M
Cap Rate 9%
$1,388,478
$1.4M
Market Conditions
NOI Build-Up for 12,234 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
$187.9K $15.36/SF
− Vacancy
−$9.4K −$0.77/SF
EGI
$178.5K $14.59/SF
− OpEx
−$53.6K −$4.38/SF
NOI
$125.0K $10.21/SF
Area
Horry County, SC
Vacancy
5.00%
Lease Rate
$15.36 /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%
$2,499,260
Cap Rate 7%
$1,785,186
Cap Rate 9%
$1,388,478
Alternative Uses
Best Use
Multifamily LT 5
$1.79M
$1.56M – $2.08M
NOI $124,963 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,936 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$3.10M
$2.71M – $3.62M
NOI $217,041 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
Explore this area
Business Placement
Demographics for 29577, SC
34,109
Population
22,630
Households
1.5
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
22.8 sq mi
ZIP Area
1,496
Density / Sq Mi
$48,561
Median Household Income
$33,591
Median Earnings
$1,130
Median Rent
$273,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Beachside triplex with private elevators, covered parking, balconies, and access to a shared outdoor pool.
Where is this triplex located?
The property is located at 213 76th Ave. N Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Three units totaling 24 bedrooms, 22.5 bathrooms, and 12,234 square feet; Each unit offers over 4,000 square feet across three stories; Private elevator in every unit connects the garage level to all floors
