Renovated Duplex with Two
For Sale
$525,000
3202 Inland St., North Myrtle Beach, SC 29582
Two furnished apartments include full kitchens and separate bedroom and bathroom configurations.
Property Size2,108 SF
Price / SF$249.05
Days on Market26
Property Features for 3202 Inland St.
General Information
Standard status
Active
Size
2,108 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Furnished
Yes
Building Details
Year Built
1960
Stories
2
Listing Agency:
Epique Realty
Listed By:
Rick Stroud · License #131626
(864) 479-1189
Source:
Greathomessc
Added: Oct 5
Changed: Oct 28
Last Checked: Oct 28 at 2:43PM
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 Epique Realty
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Investment Insights
Based on property information with market context.
This 2,108-square-foot duplex contains two renovated apartments, each with a full kitchen. The upper unit has three bedrooms and two bathrooms; the lower unit has two bedrooms and two bathrooms. Interior work includes updated kitchens and bathrooms, new flooring and paint, and new windows upstairs. Knotty pine walls upstairs have been restained, with shiplap added in the kitchen and bathrooms. The property includes furniture, two new HVAC units, and new water heaters. The roof dates to 2022, and the upper apartment has a 10-by-20-foot deck.
The property is on Inland Street in North Myrtle Beach, a short walk from Cherry Grove Beach. The backyard has room for outdoor improvements, including the possibility of adding a pool.
The property is on Inland Street in North Myrtle Beach, a short walk from Cherry Grove Beach. The backyard has room for outdoor improvements, including the possibility of adding a pool.
Key Highlights
- Two apartments: upper unit with 3 bedrooms and 2 bathrooms; lower unit with 2 bedrooms and 2 bathrooms
- 2,108 square feet; both apartments have full kitchens
- Upper‑level deck measures 10x20
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,532
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,640
$430.6K
Cap Rate 7%
$307,600
$307.6K
Cap Rate 9%
$239,244
$239.2K
Market Conditions
NOI Build-Up for 2,108 SF
Gross rent
$32.4K $15.36/SF
− Vacancy
−$1.6K −$0.77/SF
EGI
$30.8K $14.59/SF
− OpEx
−$9.2K −$4.38/SF
NOI
$21.5K $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%
$430,640
Cap Rate 7%
$307,600
Cap Rate 9%
$239,244
Alternative Uses
Best Use
Multifamily LT 5
$307.6K
$269.2K – $358.9K
NOI $21,532 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$278.0K
$243.3K – $324.3K
NOI $19,460 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$534.3K
$467.5K – $623.3K
NOI $37,398 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Two furnished apartments include full kitchens and separate bedroom and bathroom configurations.
Where is this duplex located?
The property is located at 3202 Inland St. North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two apartments: upper unit with 3 bedrooms and 2 bathrooms; lower unit with 2 bedrooms and 2 bathrooms; 2,108 square feet; both apartments have full kitchens; Upper‑level deck measures 10x20
