Triplex Residential Income
4601 Lewis St. North Myrtle Beach, SC 29582
For Sale
$659,000
MULTI_FAMILY - North Myrtle Beach, SC
Property Size2,260 SF
Lot Size0.22 Acres
Price / SF$291.59
Days on Market33
Property Features for 4601 Lewis St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Standard status
- Active
- Size
- 2,260 SF
- Lot size
- 0.22 Acres
Building Details
- Year built
- 1965
- Number of units
- 3
Listing Agency:
RE/MAX Southern Shores NMB
(843) 249-5555
Listed By:
Harrison Rand · License #265920
(843) 504-9088
Added: Jun 23
Changed: Jul 22
Last Checked: Jul 25 at 7:06AM
MLS# 2615832
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 triplex offers three separate living units with a practical split between the upstairs and downstairs configurations. The large upstairs unit features a full kitchen, spacious living and dining areas, a laundry room, and two bedrooms with two full bathrooms. The upstairs layout also includes exclusive use of a screened front porch and an uncovered back deck. Below, there are two separate one-bedroom units, each with its own private entry.
The property is located in the Windy Hill section of North Myrtle Beach, just down the street from the beach, and is described as being situated between Barefoot Landing and the beach. The offering sits on a 0.22-acre lot and includes a substantial storage shed. Public remarks note there is no HOA.
For investors or owner-users seeking a compact income property setup, this triplex provides independent access for the two downstairs units while keeping the upper unit’s outdoor space exclusive to that unit.
The property is located in the Windy Hill section of North Myrtle Beach, just down the street from the beach, and is described as being situated between Barefoot Landing and the beach. The offering sits on a 0.22-acre lot and includes a substantial storage shed. Public remarks note there is no HOA.
For investors or owner-users seeking a compact income property setup, this triplex provides independent access for the two downstairs units while keeping the upper unit’s outdoor space exclusive to that unit.
Key Highlights
- Triplex built in 1965 with no HOA
- 0.22‑acre lot with a substantial storage shed
- Upstairs unit includes exclusive use of a screened front porch and an uncovered back deck
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 | $34.7k | $15.36 |
| − Vacancy | −$1.7k | −$0.77 |
| EGI | $33.0k | $14.59 |
| − OpEx | −$9.9k | −$4.38 |
| NOI | $23.1k | $10.21 |
2,260 SF · lease $15.36/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$329.8K
$288.6K – $384.8K
NOI $23,085 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$298.0K
$260.8K – $347.7K
NOI $20,863 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$572.8K
$501.2K – $668.2K
NOI $40,094 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex includes an upstairs two-bedroom unit with exclusive porches and two separate one-bedroom units with private entries.
Where is this triplex located?
The property is located at 4601 Lewis St. North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Triplex built in 1965 with no HOA; 0.22‑acre lot with a substantial storage shed; Upstairs unit includes exclusive use of a screened front porch and an uncovered back deck
