Two-Unit Multifamily
For Sale
$275,999
1356 Glenns Bay Rd., Surfside Beach, SC 29575
MULTI-FAMILY, Surfside Beach, SC
Property Size1,816 SF
Price / SF$151.98
Days on Market92
Property Features for 1356 Glenns Bay Rd.
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Subdivision
Retreat at Glenns Bay
Elementary school
Saint James Elementary School
Middle school
Saint James Middle School
High school
Saint James High School
Standard status
Active
Size
1,816 SF
Amenities
private balconies
Building Details
Year built
1986
Number of units
2
Listing Agency:
Own Myrtle Real Estate
(516) 233-0601
Listed By:
Ester Esti Simantov
(843) 457-9780
Added: Jul 24
Changed: Oct 8
Last Checked: Oct 23 at 11:06AM
MLS# 2618452
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.
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Investment Insights
Based on property information with market context.
This multifamily offering includes Units 205G and 204J at The Retreat at Glenns Bay. Each condominium features two bedrooms, two bathrooms, an open layout, defined living and dining areas, a private balcony, and views toward a pond. The property was built in 1986 and totals 1,816 square feet.
Both residences are currently leased, and purchasers must honor the existing leases. Short-term and long-term rental use is permitted. The units may be acquired separately or together. The community is located at 1356 Glenns Bay Rd. in Surfside Beach, approximately one mile from the beach and Surfside Beach Fishing Pier, with golf cart-friendly access to shopping, dining, and entertainment.
Both residences are currently leased, and purchasers must honor the existing leases. Short-term and long-term rental use is permitted. The units may be acquired separately or together. The community is located at 1356 Glenns Bay Rd. in Surfside Beach, approximately one mile from the beach and Surfside Beach Fishing Pier, with golf cart-friendly access to shopping, dining, and entertainment.
Key Highlights
- Two 2‑bedroom, 2‑bath condominium units included
- 1,816 square feet in total property size
- Both units are currently tenant‑occupied with existing leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,764
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,280
$335.3K
Cap Rate 7%
$239,486
$239.5K
Cap Rate 9%
$186,267
$186.3K
Market Conditions
NOI Build-Up for 1,816 SF
Gross rent
$31.8K $17.52/SF
− Vacancy
−$1.3K −$0.74/SF
EGI
$30.5K $16.78/SF
− OpEx
−$13.7K −$7.55/SF
NOI
$16.8K $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 Rate 5%
$335,280
Cap Rate 7%
$239,486
Cap Rate 9%
$186,267
Alternative Uses
Best Use
Apartment 5plus
$239.5K
$209.6K – $279.4K
NOI $16,764 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$460.2K
$402.7K – $537.0K
NOI $32,217 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
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Business Placement
Demographics for 29575, SC
18,135
Population
16,761
Households
1.1
Avg Household Size
57
Median Age
33%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
1,778
Density / Sq Mi
$72,029
Median Household Income
$38,182
Median Earnings
$1,234
Median Rent
$278,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Includes two tenant-occupied condos with two bedrooms, two baths, private balconies, and permitted short- and long-term rentals.
Where is this multifamily property located?
The property is located at 1356 Glenns Bay Rd. Surfside Beach, SC.
What is the asking price?
The asking price for this property is $275,999.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath condominium units included; 1,816 square feet in total property size; Both units are currently tenant‑occupied with existing leases
