Furnished Triplex Near the
For Sale
$895,000
205 5th Ave. S, North Myrtle Beach, SC 29582
MULTI-FAMILY, North Myrtle Beach, SC
Property Size2,572 SF
Price / SF$347.98
Days on Market50
Property Features for 205 5th Ave. S
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
Assigned
Subdivision
K Ward LD
Lot features
Rectangular, East of Bus. 17, Second Row Beach
Elementary school
Ocean Drive Elementary
Middle school
North Myrtle Beach Middle School
High school
North Myrtle Beach High School
Standard status
Active
Size
2,572 SF
Utilities
Utilities
Cable Available
Amenities
washer/dryer in two units
storage shed
outdoor shower
Building Details
Year built
1956
Number of units
3
Listing Agency:
CB Sea Coast Advantage CF · Coldwell Banker Real Estate
(843) 903-4400
Listed By:
Jessica Williams · License #124869
(843) 443-7682
Added: Sep 18
Changed: Oct 14
Last Checked: Nov 6 at 1:06PM
MLS# 2623163
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 2,572-square-foot triplex contains three furnished residences, each configured with two bedrooms and two bathrooms. The property includes two buildings, a storage shed, and an outdoor shower. Two units have washers and dryers, and assigned parking is provided. Both buildings received new roofs in 2023; one unit has a newly installed HVAC system. Built in 1956, the property is offered with its furnishings and other included items.
The North Myrtle Beach property is approximately one block from the beach and has no HOA.
The North Myrtle Beach property is approximately one block from the beach and has no HOA.
Key Highlights
- Three furnished units, each with 2 bedrooms and 2 bathrooms
- 2,572 square feet; built in 1956
- Approximately one block from the beach; no HOA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,271
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,420
$525.4K
Cap Rate 7%
$375,300
$375.3K
Cap Rate 9%
$291,900
$291.9K
Market Conditions
NOI Build-Up for 2,572 SF
Gross rent
$39.5K $15.36/SF
− Vacancy
−$2.0K −$0.77/SF
EGI
$37.5K $14.59/SF
− OpEx
−$11.3K −$4.38/SF
NOI
$26.3K $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 Rate 5%
$525,420
Cap Rate 7%
$375,300
Cap Rate 9%
$291,900
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 authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
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Business Placement
Demographics for 29582, SC
18,897
Population
27,559
Households
0.7
Avg Household Size
62
Median Age
38%
College-Educated
94%
High-School Grad
21.9 sq mi
ZIP Area
863
Density / Sq Mi
$71,030
Median Household Income
$36,906
Median Earnings
$1,194
Median Rent
$370,700
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Horry County, SC
Properties on Market for Triplexes in Horry County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has two bedrooms and two bathrooms, with furnishings included in the sale.
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: Three furnished units, each with 2 bedrooms and 2 bathrooms; 2,572 square feet; built in 1956; Approximately one block from the beach; no HOA
