Triplex with Private
For Sale
$2,785,000
213 76th Ave. N, Myrtle Beach, SC 29577
Three three-story units with private elevators, balconies, and garage parking, plus a shared outdoor pool.
Property Size12,234 SF
Price / SF$227.64
Days on Market36
Property Features for 213 76th Ave. N
General Information
Standard status
Active
Size
12,234 SF
Property subtype
Commercial
Zoning
MU-H
Additional Details
Fenced Yard
Yes
Multifamily Units
3
Amenities
balconies
private elevator
covered parking
fenced patio
outdoor pool
Building Details
Year Built
2006
Tenancy
Multi
Listing Agency:
Realty ONE Group Dockside
(803) 818-5362
Listed By:
Liat Edri () · License #6170
Source:
Homelandrealtygroup
Added: Jul 25
Changed: Aug 21
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 triplex features three expansive three-story units with balconies on all levels. Each unit is configured with 8 bedrooms and 7.5 bathrooms, along with two kitchens and two living rooms. Additional unit amenities include private elevator access from the garage level, covered parking for about 4–5 cars, and private egress. A shared outdoor pool serves the property’s common area, and each unit includes a fenced and tree-surrounded patio.
The property is located on the beach side in the northern part of Myrtle Beach’s Golden Mile area, with the beach described as being steps away. The surrounding area includes a variety of restaurants, bars, and retail stores, and the remarks cite nearby attractions along the Grand Strand.
On the first floor, each unit includes 3 bedrooms, 3 bathrooms, a recreational room, and a full-size kitchen with stainless steel appliances and granite countertops. The second floor includes 2 bedrooms, 1.5 bathrooms, and a master suite, plus a large living and dining area and an oversized full kitchen with granite countertops and stainless steel appliances. The third floor offers 3 bedrooms, 3 bathrooms, a laundry room with full-size washer/dryer, and an additional living room.
The remarks indicate short-term and long-term rental are allowed, and income reports are available upon request.
The property is located on the beach side in the northern part of Myrtle Beach’s Golden Mile area, with the beach described as being steps away. The surrounding area includes a variety of restaurants, bars, and retail stores, and the remarks cite nearby attractions along the Grand Strand.
On the first floor, each unit includes 3 bedrooms, 3 bathrooms, a recreational room, and a full-size kitchen with stainless steel appliances and granite countertops. The second floor includes 2 bedrooms, 1.5 bathrooms, and a master suite, plus a large living and dining area and an oversized full kitchen with granite countertops and stainless steel appliances. The third floor offers 3 bedrooms, 3 bathrooms, a laundry room with full-size washer/dryer, and an additional living room.
The remarks indicate short-term and long-term rental are allowed, and income reports are available upon request.
Key Highlights
- Triplex built in 2006 with three three‑story units totaling 24 bedrooms and 22.5 bathrooms
- Each unit has a private elevator with access from the garage level to all floors, plus balconies on all three levels
- Each unit includes two kitchens and two living rooms
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
$124,963
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
4.49%
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%
$2,499,260
$2.5M
Cap Rate 7%
$1,785,186
$1.8M
Cap Rate 9%
$1,388,478
$1.4M
Market Conditions
NOI Build-Up for 12,234 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
$187.9K $15.36/SF
− Vacancy
−$9.4K −$0.77/SF
EGI
$178.5K $14.59/SF
− OpEx
−$53.6K −$4.38/SF
NOI
$125.0K $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%
$2,499,260
Cap Rate 7%
$1,785,186
Cap Rate 9%
$1,388,478
Alternative Uses
Best Use
Multifamily LT 5
$1.79M
$1.56M – $2.08M
NOI $124,963 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,936 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$3.10M
$2.71M – $3.62M
NOI $217,041 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
Explore this area
Business Placement
Demographics for 29577, SC
34,109
Population
22,630
Households
1.5
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
22.8 sq mi
ZIP Area
1,496
Density / Sq Mi
$48,561
Median Household Income
$33,591
Median Earnings
$1,130
Median Rent
$273,700
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?
Triplex - Three three-story units with private elevators, balconies, and garage parking, plus a shared outdoor pool.
Where is this triplex located?
The property is located at 213 76th Ave. N Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $2,785,000.
What are key features of this property?
This property features: Triplex built in 2006 with three three‑story units totaling 24 bedrooms and 22.5 bathrooms; Each unit has a private elevator with access from the garage level to all floors, plus balconies on all three levels; Each unit includes two kitchens and two living rooms
