Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Myrtle Beach Townhome Portfolio Title is generated by Realmo AI

    2309 Withers Dr., Myrtle Beach, SC 29577

    View on Map
    Claim this Listing
    For Sale
    $1,156,000

    MULTI_FAMILY - Myrtle Beach, SC

    Property size:
    4,184 SF
    Price / SF:
    $276/SF
    Added:
    Mar 23, 2026
    Days on Market:
    61
    Last Refresh:
    May 22 at 5:06 am

    Property Features for 2309 Withers Dr.

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Size
    4,184 SF

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    1982
    Number of units
    4

    We can help!

    Listing Contact
    Houser & Co. Team

    Listing agent Houser & Co. Team License #125995

    Listing office CENTURY 21 Broadhurst Myrtle Beach, SC

    Listing date Mar 23, 2026

    MLS# 2607493 Listing URL

    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.

    HighLights

    • One block from the beach in Myrtle Beach, SC
    • Four 2‑bedroom townhomes with strong rental potential
    • No HOA fees and added ownership flexibility
    • New roofs installed in 2024 across all units
    • HVAC systems replaced between 2019 and 2024
    • Two units recently updated with LVP flooring, countertops, carpeting, and paint

    Overview

    This is a rare opportunity to acquire a 4-unit townhome portfolio located at 2309 Withers Drive in Myrtle Beach, SC. The property is situated just one block from the beach and is not subject to HOA fees, offering ownership flexibility. The portfolio consists of four 2-bedroom townhomes with 1.5 and 2 bathroom layouts, presenting strong rental potential in a desirable coastal location. Two of the units have been recently updated with LVP flooring, countertops, new carpeting, and interior paint. The remaining units offer value-add potential for investors. New roofs were installed in 2024 across all units, and HVAC systems were replaced between 2019 and 2024 depending on the unit. Each unit features functional layouts and outdoor living space. The property's proximity to beach access, dining, shopping, and entertainment makes it suitable for short-term rentals, long-term rentals, or seasonal use. The property offers immediate income potential and future upside. The property size is 4184 square feet and is located in Horry County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tidelands Complete Home ... Home Inspector Cats of Myrtle Beach Animal Shelter

    Suggested Use

    Restaurant Building Supply Dental Office Law Firm Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.868629
    Latitude
    33.703613

    Nearby Similar for Sale

    • $834,900
      2,416 SF

      Well-Maintained Office Building in Myrtle Beach

      Two-story office building with parking and storage in central location.
      161 McDonald Ct., Myrtle Beach, SC 29588
      View Details
    • $850,000
      5,556 SF

      Commercial Property in Myrtle Beach

      Commercial property for sale in a fast-growing area.
      100 Lichen Ct., Myrtle Beach, SC 29588
      View Details
    • $2,150,000
      9,432 SF

      Two-Story Office Building in Myrtle Beach

      Well-maintained office building in Myrtle Beach's professional corridor.
      4702 Oleander Dr., Myrtle Beach, SC 29577
      View Details
    • $1,249,900
      4,400 SF

      Myrtle Beach Office Building Investment

      Well-maintained, fully leased office building in central Myrtle Beach.
      4605 Oleander Dr., Myrtle Beach, SC 29577
      View Details
    • $879,000
      3,390 SF

      Myrtle Beach Multifamily Investment

      Four-unit multifamily property near the beach in Myrtle Beach.
      304 1st Ave. N, Myrtle Beach, SC 29577
      View Details
    • $1,799,000
      9,959 SF

      Myrtle Beach Professional Office Park

      Centrally located office park with medical/professional space for sale.
      710 21st Ave. N, Myrtle Beach, SC 29577
      View Details
    • $125,000
      3,500 SF

      Turnkey Myrtle Beach Restaurant Opportunity

      Fully operational restaurant with unique concept and strong growth potential.
      4620 Dick Pond Rd., Myrtle Beach, SC 29588
      View Details
    • $1,200,000
      2,741 SF

      Former Restaurant on Kings Highway

      2,741 SF former restaurant on 0.68 acres for sale.
      1204 S Kings Highway, Myrtle Beach, SC 29577
      View Details
    • $558,000
      4,716 SF

      Multifamily Income Property in Myrtle Beach

      Multifamily property with five units in central Myrtle Beach.
      1405 Dunbar St., Myrtle Beach, SC 29577
      View Details
    • $755,000
      5,770 SF

      Myrtle Beach Multifamily Investment

      Six-unit apartment building in Myrtle Beach's downtown rental market.
      600 17th Ave. N, Myrtle Beach, SC 29577
      View Details
    • $1,339,900
      13,200 SF

      Myrtle Beach Multifamily Investment Opportunity

      Centrally located multi-unit apartment property in high-demand coastal rental market.
      906 3rd Ave. N, Myrtle Beach, SC 29577
      View Details
    • $390,000
      1,943 SF

      Myrtle Beach Multifamily Opportunity

      Duplex near the beach, zoned for high-density multifamily development.
      406 13th Avenue S, Myrtle Beach, SC 29577
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit townhome portfolio, one block from the beach.
    Where is this quadplex located?
    The property is located at 2309 Withers Dr. Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $1,156,000.
    What are key features of this property?
    This property features: One block from the beach in Myrtle Beach, SC; Four 2‑bedroom townhomes with strong rental potential; No HOA fees and added ownership flexibility
    (843) 999-5933
    We can help!
    Listing Contact
    Houser & Co. Team
    Real Estate License ID: 125995
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2309 Withers Dr., Myrtle Beach, SC 29577
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!