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    Six-Unit Multifamily Property Title is generated by Realmo AI

    611 4th Ave. N, Myrtle Beach, SC 29577

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    For Sale
    $635,000

    MULTI_FAMILY - Myrtle Beach, SC

    Type:Apartment
    Property size:
    3,936 SF
    Price / SF:
    $161/SF
    Added:
    Jan 5, 2026
    Days on Market:
    173
    Last Refresh:
    Jun 27 at 3:06 pm

    Property Features for 611 4th Ave. N

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Size
    3,936 SF

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    1960
    Number of units
    6

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    Contact an agent
    Jeff Forman
    Jeff Forman

    Listing agent Jeff Forman License #111037

    Listing office Keller Williams The Forturro Group Myrtle Beach, SC

    Listing date Jan 5, 2026

    MLS# 2600311 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.

    HighLights

    • Prime central Myrtle Beach location in the desirable 29577 zipcode.
    • Walking distance to the beach, restaurants, shopping, and entertainment.
    • 6‑unit multifamily property with a mix of two‑bedroom and one‑bedroom units.
    • Immediate income potential with opportunities for rent optimization.
    • Strong year‑round rental demand.
    • Limited small‑multifamily inventory in the downtown core.

    Overview

    Located at 609 4th Ave N, this built-in-1977 multifamily offering consists of six units totaling approximately 3,936 heated square feet. The unit mix includes two-bedroom and one-bedroom apartments, supporting flexible leasing strategies and steady occupancy. Designed for stable long-term cash flow, the property is positioned to benefit from ongoing rent optimization and targeted cosmetic improvements, including modernized interiors.

    The asset is situated east of Highway 17 in the downtown hotel district and is described as within walking distance to the beach as well as local restaurants, shopping, and entertainment. This central Myrtle Beach location aligns well with both lifestyle-driven renters and short-distance access to the area’s hospitality and dining demand.

    For investors, this is a practical small-multifamily opportunity in a limited-supply downtown core, with the ability to capture immediate income while pursuing additional upside through interior upgrades and rent optimization. The listing also notes strong year-round rental demand, supported by proximity to major employers and tourism drivers, making the property well-suited for buyers seeking both current yield and long-term appreciation.

    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 $69.0k $17.52
    − Vacancy −$2.9k −$0.74
    EGI $66.1k $16.78
    − OpEx −$29.7k −$7.55
    NOI $36.3k $9.23
    3,936 SF · lease $17.52/SF/yr · vacancy 4.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $519.1K
    $454.2K – $605.6K (±1% cap)
    NOI $36,334 @ 7.0% cap · market cap 5.72%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $997.5K
    $872.9K – $1.16M (±1% cap)
    NOI $69,828 @ 7.0% cap · market cap 11.00%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.890007
    Latitude
    33.689866

    FAQs

    What type of property is this?
    Apartment building - Six-unit residential income property near beach and dining, offering current rents and value-add potential.
    Where is this apartment building located?
    The property is located at 611 4th Ave. N Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $635,000.
    What are key features of this property?
    This property features: Prime central Myrtle Beach location in the desirable 29577 zipcode.; Walking distance to the beach, restaurants, shopping, and entertainment.; 6‑unit multifamily property with a mix of two‑bedroom and one‑bedroom units.
    More about this property
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