Three-Bedroom
For Sale
$799,000
581 Bend Ave., Murrells Inlet, SC 29576
MULTI-FAMILY, Murrells Inlet, SC
Property Size3,205 SF
Price / SF$249.30
Days on Market73
Property Features for 581 Bend Ave.
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Lot features
Corner, Rectangular, East of Bus. 17
Elementary school
Waccamaw Elementary School
Middle school
Waccamaw Middle School
High school
Waccamaw High School
Subdivision
40A Murrells Inlet - Georgetown County
Standard status
Active
Size
3,205 SF
Utilities
Utilities
Cable Available
Amenities
private patio
fenced yard
Building Details
Year built
2024
Number of units
2
Listing Agency:
King Fish Properties, Inc.
(843) 446-6833
Listed By:
Jess Fisher · License #78169
(843) 446-6833
Added: Jun 18
Changed: Aug 19
Last Checked: Aug 29 at 1:06PM
MLS# 2615642
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.
Brand-new three-bedroom duplex built in 2024 offering two identical units under one roof. Each side features three bedrooms and three full bathrooms, with two bedrooms and two full bathrooms upstairs and a third bedroom and bath on the main level. Interior finishes include luxury vinyl plank flooring, and each kitchen features white shaker cabinetry, quartz countertops, and stainless steel appliances.
The property is set up for flexible living and renting: one side can be owner-occupied while the other is leased, or both units can be used together. Each unit includes a private patio and a fenced yard. There are no homeowner association rules or monthly fees.
At 581 Bend Ave., Murrells Inlet, SC 29576 (Georgetown County), the duplex is near area dining and recreation, with the Marsh Walk within easy walking distance, along with Crazy Sister Marina, a public boat ramp, Waccamaw Community Hospital, shopping, and Huntington Beach State Park. Cable is available.
Total property size is 3,205 square feet.
The property is set up for flexible living and renting: one side can be owner-occupied while the other is leased, or both units can be used together. Each unit includes a private patio and a fenced yard. There are no homeowner association rules or monthly fees.
At 581 Bend Ave., Murrells Inlet, SC 29576 (Georgetown County), the duplex is near area dining and recreation, with the Marsh Walk within easy walking distance, along with Crazy Sister Marina, a public boat ramp, Waccamaw Community Hospital, shopping, and Huntington Beach State Park. Cable is available.
Total property size is 3,205 square feet.
Key Highlights
- Brand‑new duplex built in 2024
- Two identical units, total 3,205 SF
- Each unit has three bedrooms and three 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
$32,737
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
4.10%
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%
$654,740
$654.7K
Cap Rate 7%
$467,671
$467.7K
Cap Rate 9%
$363,744
$363.7K
Market Conditions
NOI Build-Up for 3,205 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
$49.2K $15.36/SF
− Vacancy
−$2.5K −$0.77/SF
EGI
$46.8K $14.59/SF
− OpEx
−$14.0K −$4.38/SF
NOI
$32.7K $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%
$654,740
Cap Rate 7%
$467,671
Cap Rate 9%
$363,744
Alternative Uses
Best Use
Multifamily LT 5
$467.7K
$409.2K – $545.6K
NOI $32,737 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$422.7K
$369.8K – $493.1K
NOI $29,586 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$812.3K
$710.7K – $947.7K
NOI $56,859 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Explore this area
Business Placement
Demographics for 29576, SC
32,476
Population
22,097
Households
1.5
Avg Household Size
61
Median Age
32%
College-Educated
96%
High-School Grad
30.5 sq mi
ZIP Area
1,065
Density / Sq Mi
$70,343
Median Household Income
$36,352
Median Earnings
$1,467
Median Rent
$315,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two identical units with three full baths each, private patio and fenced yard, and no HOA or monthly fees.
Where is this duplex located?
The property is located at 581 Bend Ave. Murrells Inlet, SC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Brand‑new duplex built in 2024; Two identical units, total 3,205 SF; Each unit has three bedrooms and three full bathrooms
