400 Hillside Dr. S North Myrtle Beach, SC 29582
MULTI_FAMILY - North Myrtle Beach, SC
Property Features for 400 Hillside Dr. S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 7,896 SF
Utilities
- Utilities
- Cable Available
Building Details
- Year built
- 2006
- Number of units
- 2
Listing agent Liat Edri License #59354 (843) 222-6357
Listing office Realty ONE Group Dockside Myrtle Beach, SC (843) 492-4030
Listing date May 7, 2026
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 property is located at 400 Hillside Drive S in North Myrtle Beach, South Carolina. The seller states the duplex is about one block from the beach and about four blocks to Main Street North Myrtle Beach, with shopping, dining, and multiple local attractions described as within a short distance.
This asset is presented as suitable for both short-term and long-term rental uses. With multiple bedrooms, shared and entertaining-oriented common areas, and on-site amenities such as balconies and a pool, it may be a strong fit for operators seeking a larger lodging-style configuration. The listing notes that measurements and square footage are not guaranteed and that buyer or buyer’s agent should verify all information.
Key Highlights
- Duplex built in 2006 with approx. 11,000 SF under roof, offering 16 bedrooms and 14 bathrooms across both units
- One block from the Atlantic Ocean and only 4 blocks to Main Street North Myrtle Beach
- Each unit has a private elevator, plus its own parking spaces
Local Financial Insights For Multifamily LT 5
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 | $121.3k | $15.36 |
| − Vacancy | −$6.1k | −$0.77 |
| EGI | $115.2k | $14.59 |
| − OpEx | −$34.6k | −$4.38 |
| NOI | $80.7k | $10.21 |