611 4th Ave. N, 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 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
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
- 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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Myrtle Beach
- County
- Horry
- State
- South Carolina
- Longitude
- -78.890007
- Latitude
- 33.689866