Myrtle Beach Multifamily
3170 Holmestown Rd. Myrtle Beach, SC 29588
3170 Holmestown Rd., Myrtle Beach, SC, 29588
$4,500,000
For Sale
$4,500,000
MULTI_FAMILY - Myrtle Beach, SC
Property Size22,772 SF
Lot Size1.63 Acres
Price / SF$197.61
Days on Market452
Property Features for 3170 Holmestown Rd.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Standard status
- Active
- Size
- 22,772 SF
- Lot size
- 1.63 Acres
Building Details
- Year built
- 1997
- Number of units
- 42
Listing Agency
Own Myrtle Real Estate
(516) 233-0601
Myrtle Beach, SC
Listed by
Ester Esti Simantov
(843) 457-9780
Added: Apr 22, 2025 Checked: Jul 17 at 9:06 am
MLS# 2510132
Listing URL
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 multifamily property, constructed in 1997, features 42 units across two buildings. The all-brick construction is situated on 1.63 acres and includes a paved parking lot. Steel frame stairs and balconies enhance the building's structure. On-site laundry facilities are available for residents. The property also includes an office and manager's living quarters. The property is currently at 100% occupancy.
Key Highlights
- 42 Units Built in 1997
- 100% Occupancy at Sale
- All Brick Construction
Local Financial Insights For Apartment 5plus
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 | $399.0k | $17.52 |
| − Vacancy | −$16.8k | −$0.74 |
| EGI | $382.2k | $16.78 |
| − OpEx | −$172.0k | −$7.55 |
| NOI | $210.2k | $9.23 |
22,772 SF · lease $17.52/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.00M
$2.63M – $3.50M
NOI $210,215 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.77M
$5.05M – $6.73M
NOI $403,993 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Harmony Pointe
Apartment Complex
Affordable Efficiency Suites
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 42-unit multifamily property in Myrtle Beach, fully occupied.
Where is this apartment building located?
The property is located at 3170 Holmestown Rd. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 42 Units Built in 1997; 100% Occupancy at Sale; All Brick Construction
