Three-Building Multifamily Income
For Sale
$875,000
300 21st Ave. S, North Myrtle Beach, SC 29582
MULTI_FAMILY - North Myrtle Beach, SC
Property Size4,560 SF
Price / SF$191.89
Days on Market47
Property Features for 300 21st Ave. S
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Parking features
Carport
Lot features
Irregular, East of Bus. 17, Inside City Limits
Elementary school
Ocean Drive Elementary
Middle school
Myrtle Beach Middle School
High school
Myrtle Beach High School
Subdivision
11C North Myrtle Beach Area--Crescent Beach
Standard status
Active
Size
4,560 SF
Utilities
Utilities
Cable Available
Building Details
Year built
1950
Number of units
8
Listing Agency:
Keller Williams The Forturro Group · Keller Williams Realty
(843) 443-9400
Listed By:
Dominic Siciliano · License #131626
(843) 353-1589
Added: Jun 15
Last Checked: Jul 31 at 6:06PM
MLS# 2615227
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.
Investment Insights
Based on property information with market context.
This for-sale multifamily property includes three income-producing buildings on a single parcel: two duplexes and one four-unit building. In total, there are eight rental units comprising five 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units. The property is presented as an income-producing investment with long-term tenants already in place.
The buildings are located in Crescent Beach within North Myrtle Beach, South Carolina, positioned just one block from the ocean. The listing notes the area is walkable to the beach as well as nearby restaurants, shopping, and entertainment.
The unit mix supports a tenant base across both 2-bedroom and 1-bedroom floorplans, which can be useful for operators seeking to diversify occupancy profiles. With multiple buildings contained on one site, the property can also appeal to buyers looking to manage a consolidated portfolio. The listing further describes potential for rent increases, property improvements, and a possible conversion to short-term rentals where permitted, alongside traditional long-term rental strategies.
The buildings are located in Crescent Beach within North Myrtle Beach, South Carolina, positioned just one block from the ocean. The listing notes the area is walkable to the beach as well as nearby restaurants, shopping, and entertainment.
The unit mix supports a tenant base across both 2-bedroom and 1-bedroom floorplans, which can be useful for operators seeking to diversify occupancy profiles. With multiple buildings contained on one site, the property can also appeal to buyers looking to manage a consolidated portfolio. The listing further describes potential for rent increases, property improvements, and a possible conversion to short-term rentals where permitted, alongside traditional long-term rental strategies.
Key Highlights
- Three income‑producing buildings on a single parcel, totaling 8 rental units
- Unit mix: five 2‑bedroom, 1‑bath units and three 1‑bedroom, 1‑bath units
- Located in the Crescent Beach section of North Myrtle Beach, about one block from the ocean
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.0k | $15.36 |
| − Vacancy | −$3.5k | −$0.77 |
| EGI | $66.5k | $14.59 |
| − OpEx | −$20.0k | −$4.38 |
| NOI | $46.6k | $10.21 |
4,560 SF · lease $15.36/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$665.4K
$582.2K – $776.3K
NOI $46,578 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$601.4K
$526.2K – $701.6K
NOI $42,095 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,898 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
553
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Three income-producing buildings on one parcel offer eight units for long-term rental operations.
Where is this duplex located?
The property is located at 300 21st Ave. S North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Three income‑producing buildings on a single parcel, totaling 8 rental units; Unit mix: five 2‑bedroom, 1‑bath units and three 1‑bedroom, 1‑bath units; Located in the Crescent Beach section of North Myrtle Beach, about one block from the ocean
