Two-Unit Duplex with Separate
For Sale
Contact for pricing
208 4th Ave. N, North Myrtle Beach, SC 29582
Each residence has its own entrance and porch, with beach access and Main Street attractions within walking distance.
Property Size3,000 SF
Price / SF$300
Days on Market184
Property Features for 208 4th Ave. N
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multifamily
Zoning
R4
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Building Details
Year Built
1925
Units
2
Listing Agency:
Rowles Real Estate
Listed By:
Desiree Rowles · License #98125
(843) 450-2535
Source:
Crexi
Added: Apr 16
Changed: Oct 9
Last Checked: Oct 14 at 10:47PM
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 Rowles Real Estate
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Investment Insights
Based on property information with market context.
This two-unit duplex contains approximately 3,000 square feet, with an upper residence and a lower residence. Each unit offers four bedrooms and two bathrooms, along with an independent entrance and its own porch. The property also includes a private backyard and was built in 1925.
R4 zoning supports the property’s residential income configuration. The beach and Main Street are within walking distance, placing restaurants, bars, live music, festivals, golfing, and other seasonal activities nearby. The layout provides two separately accessed residences within one duplex property.
R4 zoning supports the property’s residential income configuration. The beach and Main Street are within walking distance, placing restaurants, bars, live music, festivals, golfing, and other seasonal activities nearby. The layout provides two separately accessed residences within one duplex property.
Key Highlights
- Two‑unit duplex with 4 bedrooms and 2 bathrooms in each residence
- Separate entrances and individual porches for both units
- Approximately 3,000 square feet of total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,643
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,860
$612.9K
Cap Rate 7%
$437,757
$437.8K
Cap Rate 9%
$340,478
$340.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$46.1K $15.36/SF
− Vacancy
−$2.3K −$0.77/SF
EGI
$43.8K $14.59/SF
− OpEx
−$13.1K −$4.38/SF
NOI
$30.6K $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%
$612,860
Cap Rate 7%
$437,757
Cap Rate 9%
$340,478
Alternative Uses
Best Use
Multifamily LT 5
$437.8K
$383.0K – $510.7K
NOI $30,643 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$395.6K
$346.2K – $461.6K
NOI $27,694 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$760.3K
$665.3K – $887.0K
NOI $53,222 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
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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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?
Duplex - Each residence has its own entrance and porch, with beach access and Main Street attractions within walking distance.
Where is this duplex located?
The property is located at 208 4th Ave. N North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two‑unit duplex with 4 bedrooms and 2 bathrooms in each residence; Separate entrances and individual porches for both units; Approximately 3,000 square feet of total property size
