Coastal Triplex with
For Sale
$719,000
413 30th Ave. N, Myrtle Beach, SC 29577
COMMERCIAL/INDUSTRIAL, Myrtle Beach, SC
Property Size2,188 SF
Lot Size0.21 Acres
Price / SF$328.61
Days on Market61
Property Features for 413 30th Ave. N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MUH
Subdivision
16E Myrtle Beach Area--29th Ave N to 48th Ave N
Standard status
Active
Size
2,188 SF
Lot size
0.21 Acres
Amenities
courtyard
grilling area
patio
laundry facilities
Building Details
Floors in Building
2
Number of units
3
Listing Agency:
The Litchfield Company Real Estate-PrinceCrk
(843) 357-6940
Listed By:
Prime Group Team · License #13461
(631) 786-2273
Added: Jul 27
Changed: Aug 19
Last Checked: Sep 25 at 3:06PM
MLS# 2618645
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 MUH-zoned triplex combines a two-bedroom cottage with a separate duplex, creating three individual living spaces within one 2,188-square-foot property. The primary residence includes hardwood floors, wood paneling, a brick wood-burning fireplace, a spacious kitchen and dining area, two full bathrooms, a walk-in closet, covered rear patio, and separate laundry and utility space.
The rear duplex provides additional one-bedroom units. The first-floor residence has living and dining space, a kitchenette, two bathrooms, private entry, laundry, and storage. The upper unit offers an open living area, full kitchen, bathroom, and covered front porch. A shared courtyard connects the buildings with patio space, a grilling area, and mature shade trees. The property occupies 0.21 acres at 413 30th Ave. N, less than a block from public beach access at 30th Avenue North in Myrtle Beach.
The rear duplex provides additional one-bedroom units. The first-floor residence has living and dining space, a kitchenette, two bathrooms, private entry, laundry, and storage. The upper unit offers an open living area, full kitchen, bathroom, and covered front porch. A shared courtyard connects the buildings with patio space, a grilling area, and mature shade trees. The property occupies 0.21 acres at 413 30th Ave. N, less than a block from public beach access at 30th Avenue North in Myrtle Beach.
Key Highlights
- Triplex configuration with three living spaces
- 2,188‑square‑foot property on 0.21 acres
- Main cottage includes 2 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,349
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$446,980
$447.0K
Cap Rate 7%
$319,271
$319.3K
Cap Rate 9%
$248,322
$248.3K
Market Conditions
NOI Build-Up for 2,188 SF
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.
Gross rent
$33.6K $15.36/SF
− Vacancy
−$1.7K −$0.77/SF
EGI
$31.9K $14.59/SF
− OpEx
−$9.6K −$4.38/SF
NOI
$22.3K $10.21/SF
Area
Horry County, SC
Vacancy
5.00%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$446,980
Cap Rate 7%
$319,271
Cap Rate 9%
$248,322
Alternative Uses
Best Use
Multifamily LT 5
$319.3K
$279.4K – $372.5K
NOI $22,349 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$288.5K
$252.5K – $336.6K
NOI $20,198 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$554.5K
$485.2K – $647.0K
NOI $38,817 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Explore this area
Business Placement
Demographics for 29577, SC
34,109
Population
22,630
Households
1.5
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
22.8 sq mi
ZIP Area
1,496
Density / Sq Mi
$48,561
Median Household Income
$33,591
Median Earnings
$1,130
Median Rent
$273,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct living spaces include a cottage and two duplex units with shared outdoor areas.
Where is this triplex located?
The property is located at 413 30th Ave. N Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Triplex configuration with three living spaces; 2,188‑square‑foot property on 0.21 acres; Main cottage includes 2 bedrooms and 2 full bathrooms
