Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4700 N Ocean Blvd North Myrtle Beach, SC 29582

    Sponsored
    For Sale
    $1,995,000

    Duplex - North Myrtle Beach, SC

    Type:Duplex
    Days on Market:
    7
    Last Refresh:
    Feb 2 at 2:06 pm

    Property Features for 4700 N Ocean Blvd

    General Information

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

    Utilities

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

    Building Details

    Year built
    1980
    Number of units
    2
    Building materials
    Concrete, Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    The Nilsen Team

    Century 21 Barefoot Realty (843) 390-2121

    Listing agent The Mills Group Team (843) 390-2121

    Listing date Jan 27, 2026

    MLS# 2528769 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.

    Learn more

    Property Insight Report

    Overview

    Renovated Oceanfront Duplex in Cherry Grove

    This renovated oceanfront duplex in Cherry Grove offers a chance to create a dream beach life and generate rental income. Remodeled in 2023, this property features 8 bedrooms and 8 bathrooms, with each side offering 4 bedrooms and 4 bathrooms. The units mirror each other, designed to bring ocean views into the living space. The kitchens include sleek cabinetry, new countertops, under-counter microwaves, stainless steel appliances, and teal subway tile backsplashes. Upstairs, all six bedrooms have en-suite bathrooms. On the main level, each side includes an additional bedroom and a shared bath near the living area. Luxury vinyl plank flooring, lighting, and ceiling fans are installed in every bedroom. Each unit opens to a private covered deck. Downstairs, the ground-level hangout area is shielded from the road, with a brick patio for grilling and relaxing. Located minutes from the Cherry Grove Fishing Pier and the Heritage Preserve Boat Launch & Pier, the property is near shopping, dining, and other North Myrtle Beach amenities. This property is suitable as a coastal getaway, a rental investment, or a live-and-rent setup.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Twin Palms North ... Hotel & Motel Atlantic Winds Condos Condominium Complex

    Suggested Use

    Restaurant Real Estate Agency Bar & Pub Daycare Center Electrical Service Garden Center Travel Agency Hotel & Motel Pet Grooming Service Clothing & Fashion Store

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

    Location Insight

    • Map
    • Local Demand
    City
    North Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.621344
    Latitude
    33.8348429

    Nearby Similar for Sale

    • $1,690,000

      Income-Producing Duplex Near Ocean

      High-performing short-term rental duplex, less than two blocks from the ocean.
      301 Johnson St, North Myrtle Beach, SC 29582
      View Details
    • $2,900,000

      Oceanfront Triplex in Cherry Grove

      Completely renovated triplex with ocean views and strong rental history.
      3104 N Ocean Blvd, North Myrtle Beach, SC 29582
      View Details
    • $795,000

      Renovated Duplex Near North Myrtle Beach

      Fully renovated duplex near the beach with pool and parking.
      508 33Rd Ave S, North Myrtle Beach, SC 29582
      View Details
    • $5,999,500

      Renovated Oceanfront Investment Opportunity

      Fully renovated quadplex on North Myrtle Beach with income potential.
      931 S Ocean Blvd, North Myrtle Beach, SC 29582
      View Details
    • $585,000

      North Myrtle Beach Duplex

      Charming updated duplex near the ocean in Crescent Beach.
      2012 Perrin Dr, North Myrtle Beach, SC 29582
      View Details
    • $649,900

      North Myrtle Beach Triplex Opportunity

      Triplex in Crescent Beach, one block from the oceanfront.
      2104 Perrin Dr, North Myrtle Beach, SC 29582
      View Details
    • New
      $435,000
      Pending

      North Myrtle Beach Duplex

      Six-bedroom duplex in Belle Park, North Myrtle Beach.
      1004 Belle Dr, North Myrtle Beach, SC 29582
      View Details
    • $599,900

      Updated Duplex Near Crescent Beach

      Charming, updated 6-bedroom duplex near the beach in North Myrtle Beach.
      609 15Th Ave S, North Myrtle Beach, SC 29582
      View Details
    • New
      $1,134,000

      North Myrtle Beach Income Quadplex

      Income-producing quadplex near the ocean in North Myrtle Beach.
      1511 Holly Dr, North Myrtle Beach, SC 29582
      View Details
    • New
      $999,900

      North Myrtle Beach Coastal Duplex

      Desirable North Myrtle Beach duplex, steps from the Atlantic Ocean.
      1904 Ocean Blvd, North Myrtle Beach, SC 29582
      View Details
    • $555,000

      Renovated Duplex Near Cherry Grove Beach

      Turnkey duplex near Cherry Grove Beach with income potential.
      3202 Inland St, North Myrtle Beach, SC 29582
      View Details
    • $1,650,000
      Pending

      North Myrtle Beach Hospitality Property

      Prime commercial real estate in high-traffic area, currently leased as restaurant.
      70 Highway 17 South, North Myrtle Beach, SC 29582
      View Details

    FAQs

    What type of property is this?
    Duplex - Renovated 8-bedroom duplex with ocean views and rental income potential.
    Where is this duplex located?
    The property is located at 4700 N Ocean Blvd North Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: - Oceanfront property with private deck offering direct beach access and stunning views; - Fully renovated in 2023 with modern upgrades including new kitchens and bathrooms; - Duplex configuration with 8 bedrooms and 8 bathrooms, ideal for rental income or multi-family use
    (843) 421-5483
    Request Owner's contact information
    4700 N Ocean Blvd North Myrtle Beach, SC 29582
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4700 N Ocean Blvd
    North Myrtle Beach, SC 29582
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    4700 N Ocean Blvd North Myrtle Beach, SC 29582
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    The Nilsen Team
    Real Estate License ID: 303908
    (843) 421-5483
    Learn more
    Google sign-in failed. Please try again or use another login method.