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    406 5Th Ave N Myrtle Beach, SC 29577

    Sponsored
    For Sale
    $785,000

    Apartments - Myrtle Beach, SC

    Days on Market:
    6
    Last Refresh:
    Jan 8 at 1:06 am

    Property Features for 406 5Th Ave N

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Assigned
    Interior features
    Smoke/Heat Detector
    Exterior features
    Smoke/Heat Detector

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1982
    Number of units
    6
    Building materials
    Vinyl Siding
    Architectural style
    Other

    Keller Williams Myrtle Beach (843) 443-9400 [email protected]

    Listing agent Jeff Forman (843) 443-9400

    Listing date Jan 3, 2026

    MLS# 2600190 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.

    Overview

    Myrtle Beach Multifamily Investment Opportunity

    Located in downtown Myrtle Beach, this multifamily investment property features six condominium regime units, each with individual tax IDs and meters. The units have two-story layouts with two bedrooms and one and a half bathrooms. Desirable features include private courtyards, granite countertops, laminate flooring, and washer and dryer hookups. Situated east of Hwy 17 in a walkable neighborhood, the property benefits from strong demand for rental housing and easy access to the beach, boardwalk, eateries, and retail. Unit rents are typically in the higher tier of the market. The property offers stable cash flow and potential for increased rents and enhanced valuation through renovations, interior modernization, and operational repositioning. The property is suitable for a long-term multifamily hold, condo regime rental strategy, or seasonal rental conversion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness

    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
    -78.8859941
    Latitude
    33.6895544

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    FAQs

    What type of property is this?
    Apartment building - Coastal multifamily investment near the Atlantic Ocean with income potential.
    Where is this apartment building located?
    The property is located at 406 5Th Ave N Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $785,000.
    What are key features of this property?
    This property features: - Rare multifamily investment opportunity in the heart of Downtown Myrtle Beach, just blocks from the Atlantic Ocean.; - Six condominium regime units with individual tax IDs and meters, offering substantial income and growth potential.; - Desirable two-story, 2-bed/1.5-bath layouts with private courtyards.
    (843) 443-9400
    Request Owner's contact information
    406 5Th Ave N Myrtle Beach, SC 29577
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    Myrtle Beach, SC 29577
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    Realmo Value Estimation

    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.

    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.

    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
    406 5Th Ave N Myrtle Beach, SC 29577
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