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Duplex with Private Elevators

400 Hillside Dr. S North Myrtle Beach, SC 29582

400 Hillside Dr. S, North Myrtle Beach, SC, 29582
$1,865,000
For Sale
Claim this Listing
$1,865,000

MULTI_FAMILY - North Myrtle Beach, SC

Property Size7,896 SF
Price / SF$236.20
AddedMay 7
Days on Market70
Last RefreshJul 15 at 4:06 am

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

Listing office Realty ONE Group Dockside Myrtle Beach, SC

Listing date May 7, 2026

MLS# 2611944 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.


Investment Insights

Based on property information with market context.

This for-sale duplex is configured as two separate, large units, each described as having 8 bedrooms and 7 bathrooms, for a total of 16 bedrooms and 14 bathrooms across the property. The layout includes private elevators serving each unit, with large bedroom areas on the first two floors and common space on the top floor featuring game rooms, living rooms, open kitchens, one additional full bath, and laundry rooms. Exterior features include six large balconies, a grilling area, and a pool with a surround nestled into a hill. Recent improvements include a new roof in 2023 and new HVAC units, with all six units reported as new, along with new furniture and new LVP flooring.

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
7,896 SF · lease $15.36/SF/yr · vacancy 5.00% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M (±1% cap)
NOI $80,653 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$1.04M
$911.1K – $1.21M (±1% cap)
NOI $72,890 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M (±1% cap)
NOI $140,081 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Auto Repair Shop Storage Facility Auto Parts Store (Bike/Boat/Book/etc) Store Veterinary Clinic (Bike/Boat/Book/etc) Store Electrical Service (Bike/Boat/Book/etc) Store Parking Lot & Garage Barber Shop

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

FAQs

What type of property is this?
Duplex - Duplex offering two large units with modern upgrades, private balconies, and a pool near North Myrtle Beach.
Where is this duplex located?
The property is located at 400 Hillside Dr. S North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,865,000.
What are key features of this property?
This property features: 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
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