Two-Unit Duplex with Outdoor
For Sale
$449,000
2705 Edge Dr., North Myrtle Beach, SC 29582
Well-maintained residential income property with flexible month-to-month tenancy and separate outdoor areas for each unit.
Property Size1,748 SF
Lot Size0.18 Acres
Price / SF$256.86
Days on Market96
Property Features for 2705 Edge Dr.
General Information
Standard status
Active
Size
1,748 SF
Lot size
0.18 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1960
Listing Agency:
Edwards & Company
Listed By:
James Edwards · License #14264
(843) 340-6541
Source:
Coastaltidesrealtymb
Added: Jul 11
Changed: Oct 11
Last Checked: Oct 12 at 5:21PM
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 Edwards & Company
Investment Insights
Based on property information with market context.
Built in 1960, this duplex contains approximately 1,748± square feet of heated and cooled living space on a 0.18-acre lot. The property is arranged as two independent residential units, each offering two bedrooms, one full bathroom, a living room, dining area, and equipped kitchen. Outdoor space includes a rear deck serving the first-floor unit and a private balcony for the second-floor unit, along with additional rear yard space and trees.
Both residences are leased under month-to-month agreements, providing an established rental setup with flexibility for future occupancy decisions. The property is located at 2705 Edge Dr. in North Myrtle Beach, near public beach access, shopping, dining, golf, entertainment, schools, medical facilities, and major transportation routes.
Both residences are leased under month-to-month agreements, providing an established rental setup with flexibility for future occupancy decisions. The property is located at 2705 Edge Dr. in North Myrtle Beach, near public beach access, shopping, dining, golf, entertainment, schools, medical facilities, and major transportation routes.
Key Highlights
- Approximately 1,748± heated/cooled square feet
- 0.18‑acre (8,040± SF) lot
- Two (2) separate 2‑bedroom, 1‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,855
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,100
$357.1K
Cap Rate 7%
$255,071
$255.1K
Cap Rate 9%
$198,389
$198.4K
Market Conditions
NOI Build-Up for 1,748 SF
Gross rent
$26.8K $15.36/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$25.5K $14.59/SF
− OpEx
−$7.7K −$4.38/SF
NOI
$17.9K $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%
$357,100
Cap Rate 7%
$255,071
Cap Rate 9%
$198,389
Alternative Uses
Best Use
Multifamily LT 5
$255.1K
$223.2K – $297.6K
NOI $17,855 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$230.5K
$201.7K – $268.9K
NOI $16,136 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$443.0K
$387.6K – $516.9K
NOI $31,011 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained residential income property with flexible month-to-month tenancy and separate outdoor areas for each unit.
Where is this duplex located?
The property is located at 2705 Edge Dr. North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Approximately 1,748± heated/cooled square feet; 0.18‑acre (8,040± SF) lot; Two (2) separate 2‑bedroom, 1‑bath units
