Multifamily Portfolio with Five
703 Collins St. Myrtle Beach, SC 29577
For Sale
$1,399,999
MULTI_FAMILY - Myrtle Beach, SC
Property Size7,592 SF
Lot Size0.56 Acres
Price / SF$184.40
Days on Market24
Property Features for 703 Collins St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Standard status
- Active
- Size
- 7,592 SF
- Lot size
- 0.56 Acres
Building Details
- Year built
- 1976
- Number of units
- 9
Listing Agency:
Own Myrtle Real Estate
(516) 233-0601
Listed By:
Ester Esti Simantov
(843) 457-9780
Added: Jul 1
Last Checked: Jul 24 at 1:06PM
MLS# 2616567
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.
This for-sale multifamily portfolio consists of five buildings totaling nine rental units, offered on approximately 0.56 acres across two adjacent parcels. The mix includes one single-family home with 3 bedrooms and 1 bathroom, two duplexes with two bedrooms and 1 bathroom per unit, and one quadplex containing four units with two bedrooms and 1 bathroom each.
The property is located at 703 Collins St., Myrtle Beach, SC 29577, in Horry County. Public remarks describe the location as convenient to shopping, dining, major roadways, and area attractions.
Designed for an owner who wants to manage multiple unit types within a single acquisition, this package provides a diversified residential income lineup across a single site. With the configuration already established as one single-family home, two duplexes, and one quadplex, it can appeal to investors seeking immediate operational continuity with existing unit mix.
The property is located at 703 Collins St., Myrtle Beach, SC 29577, in Horry County. Public remarks describe the location as convenient to shopping, dining, major roadways, and area attractions.
Designed for an owner who wants to manage multiple unit types within a single acquisition, this package provides a diversified residential income lineup across a single site. With the configuration already established as one single-family home, two duplexes, and one quadplex, it can appeal to investors seeking immediate operational continuity with existing unit mix.
Key Highlights
- Two adjacent parcels sold together featuring five buildings and nine rental units
- Unit mix: one 3BD/1BA single‑family home, two duplexes (2BD/1BA per unit), and one quadplex (four 2BD/1BA units)
- Approximately 0.56 acres total lot size
Financial Insights For Multifamily LT 5
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 | $116.6k | $15.36 |
| − Vacancy | −$5.8k | −$0.77 |
| EGI | $110.8k | $14.59 |
| − OpEx | −$33.2k | −$4.38 |
| NOI | $77.5k | $10.21 |
7,592 SF · lease $15.36/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$969.4K – $1.29M
NOI $77,548 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$1.00M
$876.1K – $1.17M
NOI $70,084 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,688 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Five-building rental portfolio with nine total units, sold across two adjacent parcels for income-focused ownership.
Where is this duplex located?
The property is located at 703 Collins St. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Two adjacent parcels sold together featuring five buildings and nine rental units; Unit mix: one 3BD/1BA single‑family home, two duplexes (2BD/1BA per unit), and one quadplex (four 2BD/1BA units); Approximately 0.56 acres total lot size
