6-Unit Apartment
For Sale
$1,250,000
2201 John Henry Ln., Myrtle Beach, SC 29579
All six apartments are occupied, and some residents have stayed for as long as seven years.
Property Size5,250 SF
Price / SF$238.10
Days on Market367
Property Features for 2201 John Henry Ln.
General Information
Standard status
Active
Size
5,250 SF
Property subtype
Multi Family Home
Zoning
CFA
Occupancy
100%
Additional Details
Multifamily Units
6
Tenant in Place
Yes
Building Details
Building Size
5,250 SF
Year Built
2000
Units
6
Listing Agency:
Gabriel Financial Real Estate
(843) 663-5335
Listed By:
Timothy H. Gabriel · License #10663
(843) 222-5335
Source:
Gabrielfinancial
Added: Oct 22, 2025
Changed: Oct 23
Last Checked: Oct 23 at 6:07PM
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 Gabriel Financial Real Estate
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Investment Insights
Based on property information with market context.
This six-unit apartment property contains 5,250 square feet and was built in 2000. All units are currently rented, with some tenants in place for up to seven years. The property is zoned CFA.
A roof installed in 2024 is described as having a 30-year lifespan. HVAC systems were replaced within the last two years. Shopping, dining, and Myrtle Beach attractions are nearby.
A roof installed in 2024 is described as having a 30-year lifespan. HVAC systems were replaced within the last two years. Shopping, dining, and Myrtle Beach attractions are nearby.
Key Highlights
- Six apartments, all currently rented
- 5,250 square feet; built in 2000
- CFA zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,464
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$969,280
$969.3K
Cap Rate 7%
$692,343
$692.3K
Cap Rate 9%
$538,489
$538.5K
Market Conditions
NOI Build-Up for 5,250 SF
Gross rent
$92.0K $17.52/SF
− Vacancy
−$3.9K −$0.74/SF
EGI
$88.1K $16.78/SF
− OpEx
−$39.7K −$7.55/SF
NOI
$48.5K $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%
$969,280
Cap Rate 7%
$692,343
Cap Rate 9%
$538,489
Alternative Uses
Best Use
Apartment 5plus
$692.3K
$605.8K – $807.7K
NOI $48,464 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,139 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Explore this area
Business Placement
Demographics for 29579, SC
50,378
Population
24,320
Households
2.1
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
53.0 sq mi
ZIP Area
951
Density / Sq Mi
$72,909
Median Household Income
$39,175
Median Earnings
$1,466
Median Rent
$320,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - All six apartments are occupied, and some residents have stayed for as long as seven years.
Where is this apartment building located?
The property is located at 2201 John Henry Ln. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Six apartments, all currently rented; 5,250 square feet; built in 2000; CFA zoning
