304 2nd Ave. N Myrtle Beach, SC 29577
MULTI_FAMILY - Myrtle Beach, SC
- Added:
- Dec 15, 2025
- Days on Market:
- 208
- Last Refresh:
- Jul 11 at 8:06 am
Property Features for 304 2nd Ave. N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Standard status
- Active
- Size
- 3,705 SF
Utilities
- Utilities
- Cable Available
Building Details
- Year built
- 1956
- Number of units
- 7
Listing agent Jeff Forman License #111037 (843) 902-4325
Listing office Keller Williams The Forturro Group Myrtle Beach, SC (843) 443-9400
Listing date Dec 15, 2025
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.
The buildings are located in Myrtle Beach, positioned east of Highway 17 and about a block from the beach, boardwalk, and 2nd Ave Pier. The setting is within walking distance to dining and entertainment, which can support ongoing rental demand in a highly active coastal market.
Designed for investors seeking stability and upside, the asset can work for buyers focused on long-term rental performance or those planning a longer-term conversion toward short-term rentals, which are permitted. With its central location and established rental income, this property may appeal to both traditional multifamily buyers and owners looking for a versatile unit mix that can adapt to changing market preferences.
Key Highlights
- Prime location: One block from the beach, boardwalk, 2nd Ave Pier, dining, and entertainment in Myrtle Beach.
- Seven income‑producing units provide immediate and consistent cash flow.
- Versatile unit mix: Includes 2‑bedroom, 1‑bedroom, and efficiency units, suitable for long‑term or short‑term rentals.
Local Financial Insights For Apartment 5plus
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 | $64.9k | $17.52 |
| − Vacancy | −$2.7k | −$0.74 |
| EGI | $62.2k | $16.78 |
| − OpEx | −$28.0k | −$7.55 |
| NOI | $34.2k | $9.23 |