Triplex with Detached
207 5th Ave. N, North Myrtle Beach, SC 29582
For Sale
New
$739,900
MULTI-FAMILY, North Myrtle Beach, SC
Property Size3,197 SF
Lot Size0.28 Acres
Price / SF$231.44
Days on Market5
Property Features for 207 5th Ave. N
General Information
Property type
Property subtype
Subdivision
Lot features
Elementary school
Middle school
High school
Standard status
Size
Lot size
Building Details
Year built
Number of units
Listing Agency:
Century 21 The Harrelson Group · Century 21 Real Estate
(843) 903-3550
Listed By:
Greg Harrelson Sales Team
(843) 457-7816
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 13 at 4:06AM
MLS# 2627146
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 3,197-square-foot triplex on a 0.28-acre lot comprises two main-building residences and a detached unit. The upper and lower residences each have 2 bedrooms and 1.5 baths; the detached residence has 1 bedroom and 1 bath. The property was built in 1955 and has no HOA.
Set in North Myrtle Beach, the property is steps from the beach and within walking distance of Main Street. On-site parking and outdoor space are also part of the property.
Set in North Myrtle Beach, the property is steps from the beach and within walking distance of Main Street. On-site parking and outdoor space are also part of the property.
Key Highlights
- Three residences: two 2‑bedroom, 1.5‑bath units and one detached 1‑bedroom, 1‑bath unit
- 3,197 square feet on a 0.28‑acre lot
- Steps from the beach and walking distance to Main Street in North Myrtle Beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,655
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,100
$653.1K
Cap Rate 7%
$466,500
$466.5K
Cap Rate 9%
$362,833
$362.8K
Market Conditions
NOI Build-Up for 3,197 SF
Gross rent
$49.1K $15.36/SF
− Vacancy
−$2.5K −$0.77/SF
EGI
$46.7K $14.59/SF
− OpEx
−$14.0K −$4.38/SF
NOI
$32.7K $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%
$653,100
Cap Rate 7%
$466,500
Cap Rate 9%
$362,833
Alternative Uses
Best Use
Multifamily LT 5
$466.5K
$408.2K – $544.3K
NOI $32,655 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$421.6K
$368.9K – $491.9K
NOI $29,512 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$810.2K
$709.0K – $945.3K
NOI $56,717 @ 7.0% cap · market cap 7.67%
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
497
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 - Three separate residences offer a varied bedroom mix, with no HOA governing the property.
Where is this triplex located?
The property is located at 207 5th Ave. N North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: Three residences: two 2‑bedroom, 1.5‑bath units and one detached 1‑bedroom, 1‑bath unit; 3,197 square feet on a 0.28‑acre lot; Steps from the beach and walking distance to Main Street in North Myrtle Beach
