Triplex with Dual Rental
205 5th Ave. S North Myrtle Beach, SC 29582
205 5th Ave. S, North Myrtle Beach, SC, 29582
$895,000
For Sale
$895,000
MULTI_FAMILY - North Myrtle Beach, SC
Property Size2,572 SF
Price / SF$347.98
Days on Market47
Property Features for 205 5th Ave. S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,572 SF
Utilities
- Utilities
- Cable Available
Building Details
- Year built
- 1956
- Number of units
- 3
Listing Agency
Realty ONE Group Dockside
(843) 492-4030
Myrtle Beach, SC
Listed by
John Nguyen · License #68186
(843) 902-5556
Added: Jun 5 Updated: Jul 6 at 4:41 am Checked: Jul 21 at 1:06 am
MLS# 2614491
Listing URL
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 triplex includes a total of 6 bedrooms and 6 bathrooms. The property has been freshly painted, and both buildings were given new roofs in 2023. A new HVAC has also been installed in one of the units, and the outdoor setup includes an outdoor shower. All furnishings and items are included with the sale, supporting immediate rental readiness.
The property is located in North Myrtle Beach, about a couple hundred steps from the ocean. Ample parking is available on site, and the listing notes that there is no homeowners association.
With a unit mix totaling six bedrooms and six bathrooms, the property may fit investors or operators seeking flexibility between short-term and long-term rental strategies. The included furnishings and recent exterior and mechanical improvements are practical considerations for buyers evaluating day-one operating needs. As noted, all measurements are approximate and should be verified by the buyer.
The property is located in North Myrtle Beach, about a couple hundred steps from the ocean. Ample parking is available on site, and the listing notes that there is no homeowners association.
With a unit mix totaling six bedrooms and six bathrooms, the property may fit investors or operators seeking flexibility between short-term and long-term rental strategies. The included furnishings and recent exterior and mechanical improvements are practical considerations for buyers evaluating day-one operating needs. As noted, all measurements are approximate and should be verified by the buyer.
Key Highlights
- Triplex built in 1956 with 6 bedrooms and 6 bathrooms total
- About a couple hundred steps to the ocean, just minutes from the shoreline
- No homeowners association (HOA)
Local 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 | $39.5k | $15.36 |
| − Vacancy | −$2.0k | −$0.77 |
| EGI | $37.5k | $14.59 |
| − OpEx | −$11.3k | −$4.38 |
| NOI | $26.3k | $10.21 |
2,572 SF · lease $15.36/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$375.3K
$328.4K – $437.9K
NOI $26,271 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$339.2K
$296.8K – $395.7K
NOI $23,743 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$651.8K
$570.4K – $760.5K
NOI $45,629 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Beach Fantasea
Vacation Rental
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Freshly painted triplex with new roofs and parking, positioned for flexible short- or long-term rental operations.
Where is this triplex located?
The property is located at 205 5th Ave. S North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Triplex built in 1956 with 6 bedrooms and 6 bathrooms total; About a couple hundred steps to the ocean, just minutes from the shoreline; No homeowners association (HOA)
