Beachside Multi-Level Residential Income
For Sale
$944,000
213 76th Avenue Unit #C, Myrtle Beach, SC 29572
Multi-level residential income property with private elevator access, balconies, covered parking, and a shared pool just steps from the beach.
Property Size4,074 SF
Price / SF$231.71
Days on Market65
Property Features for 213 76th Avenue Unit #C
General Information
Standard status
Active
Size
4,074 SF
Property subtype
Commercial
Building Details
Year Built
2006
Stories
3
Listing Agency:
Realty ONE Group Dockside
(843) 222-6357
Listed By:
Liat Edri · License #6170
Source:
Tidelandrealty
Added: Jun 26
Changed: Aug 7
Last Checked: Aug 28 at 11:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty ONE Group Dockside
Investment Insights
Based on property information with market context.
This beachside residential income property features a spacious multi-level layout with balconies on all three levels. The configuration includes 8 bedrooms and 7.5 bathrooms, with upgrades such as recessed lighting and ceramic tile and LVP flooring throughout. Each unit offers private elevator access from the garage level to all floors. The first floor includes 3 bedrooms and 3 bathrooms, a recreational room, and a full-size kitchen with stainless steel appliances and granite countertops. The second floor has 2 bedrooms and 1.5 bathrooms, including a master suite with a walk-in shower and whirlpool tub, plus a large living and dining area. An oversized full kitchen on this level includes stainless steel appliances, granite countertops, a work island, and a pantry. The third floor includes 3 bedrooms and 3 bathrooms, with a laundry room and an additional living room.
Located on the beach side of Myrtle Beach’s Golden Mile, the property is described as just steps from the shoreline. Private covered parking under the unit accommodates 4–5 cars, along with private egress. Outside, there is a fenced, tree-surrounded patio and a shared outdoor pool. The area surrounding the property offers restaurants, bars, and retail, along with access to popular attractions along the Grand Strand.
With both short-term and long-term rental use allowed, the layout is positioned for guests or residents seeking spacious accommodations near the beach. Covered parking, private egress, and private elevator access can support day-to-day convenience for occupants, while the shared pool provides an additional on-site amenity.
Located on the beach side of Myrtle Beach’s Golden Mile, the property is described as just steps from the shoreline. Private covered parking under the unit accommodates 4–5 cars, along with private egress. Outside, there is a fenced, tree-surrounded patio and a shared outdoor pool. The area surrounding the property offers restaurants, bars, and retail, along with access to popular attractions along the Grand Strand.
With both short-term and long-term rental use allowed, the layout is positioned for guests or residents seeking spacious accommodations near the beach. Covered parking, private egress, and private elevator access can support day-to-day convenience for occupants, while the shared pool provides an additional on-site amenity.
Key Highlights
- 8‑bedroom, 7.5‑bath multi‑level residential income property built in 2006
- Each unit includes private elevator access from the garage level to all floors
- Balconies on all three levels plus private fenced, tree‑surrounded patio
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
$37,608
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
3.98%
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%
$752,160
$752.2K
Cap Rate 7%
$537,257
$537.3K
Cap Rate 9%
$417,867
$417.9K
Market Conditions
NOI Build-Up for 4,074 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
$71.4K $17.52/SF
− Vacancy
−$3.0K −$0.74/SF
EGI
$68.4K $16.78/SF
− OpEx
−$30.8K −$7.55/SF
NOI
$37.6K $9.23/SF
Area
Horry County, SC
Vacancy
4.20%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
45.00%
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%
$752,160
Cap Rate 7%
$537,257
Cap Rate 9%
$417,867
Alternative Uses
Best Use
Apartment 5plus
$537.3K
$470.1K – $626.8K
NOI $37,608 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$903.5K – $1.20M
NOI $72,276 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
Explore this area
Business Placement
Demographics for 29572, SC
10,711
Population
14,313
Households
0.7
Avg Household Size
57
Median Age
43%
College-Educated
95%
High-School Grad
8.9 sq mi
ZIP Area
1,203
Density / Sq Mi
$75,388
Median Household Income
$36,121
Median Earnings
$1,148
Median Rent
$385,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - Multi-level residential income property with private elevator access, balconies, covered parking, and a shared pool just steps from the beach.
Where is this short term rental property located?
The property is located at 213 76th Avenue Unit #C Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $944,000.
What are key features of this property?
This property features: 8‑bedroom, 7.5‑bath multi‑level residential income property built in 2006; Each unit includes private elevator access from the garage level to all floors; Balconies on all three levels plus private fenced, tree‑surrounded patio
