304 1st Ave N Myrtle Beach, SC 29577
Four-unit property near the beach with strong rental income potential.
Property Features for 304 1st Ave N
General Information
- Standard status
- Active
- Size
- 3,590 SF
- Lot size
- 0.21 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing office Realty ONE Group Dockside
Listing date Mar 21, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime location: One block from the Atlantic Ocean in the heart of Myrtle Beach.
- Strong income potential: Four spacious 2‑bedroom units with short‑term and long‑term rental flexibility.
- No HOA fees: Maximizes owner flexibility and minimizes overhead costs.
Local 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 | $55.1k | $15.36 |
| − Vacancy | −$2.8k | −$0.77 |
| EGI | $52.4k | $14.59 |
| − OpEx | −$15.7k | −$4.38 |
| NOI | $36.7k | $10.21 |
