501 N Oak St., Myrtle Beach, SC 29577
MULTI_FAMILY - Myrtle Beach, SC
- Added:
- Jan 5, 2026
- Days on Market:
- 173
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 501 N Oak St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Standard status
- Active
- Size
- 3,560 SF
Utilities
- Utilities
- Cable Available
Building Details
- Year built
- 1960
- Number of units
- 8
Listing agent Jeff Forman License #111037 (843) 902-4325
Listing office Keller Williams The Forturro Group Myrtle Beach, SC (843) 443-9400
Listing date Jan 5, 2026
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.
HighLights
- Multifamily property featuring eight 1‑bedroom units.
- Located in a designated opportunity zone.
- Myrtle Beach location, east of 17 bypass.
- Cable available.
- Two buildings on the property.
- Priced to reflect need for TLC.
Overview
The property is listed for sale in Myrtle Beach, South Carolina, at 501 N Oak St. It is in a designated opportunity zone, which the seller highlights as a benefit for qualified investors.
With eight separate one-bedroom units across two buildings, the asset may suit investors or owner-operators looking for a straightforward residential income structure and potential renovation upside. Given the stated need for TLC, prospective buyers should plan for capital improvements while underwriting the income potential of the current unit configuration.
Local Financial Insights For Apartment 5plus
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 | $62.4k | $17.52 |
| − Vacancy | −$2.6k | −$0.74 |
| EGI | $59.8k | $16.78 |
| − OpEx | −$26.9k | −$7.55 |
| NOI | $32.9k | $9.23 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Myrtle Beach
- County
- Horry
- State
- South Carolina
- Longitude
- -78.888008
- Latitude
- 33.69091
