Duplex with Intracoastal
For Sale
$299,900
Pending
331 Waterside Dr., Myrtle Beach, SC 29577
Flexible two-part layout with private outdoor space, waterfront-community access, and no HOA restrictions.
Property Size1,480 SF
Days on Market64
Property Features for 331 Waterside Dr.
General Information
Standard status
Pending
Size
1,480 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
fenced-in backyard
oversized patio
storage shed
boat ramp
ICW views
Building Details
Year Built
1986
Listing Agency:
Century 21 Barefoot Realty
Listed By:
The Mills Group Team · License #17587
(843) 252-0847
Source:
Coastaltidesrealtymb
Added: Aug 13
Changed: Oct 10
Last Checked: Oct 14 at 8:28PM
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 Century 21 Barefoot Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex property combines a primary residence with a separate secondary living area. The main home offers 3 bedrooms and 2 bathrooms, while the additional space includes 1 bedroom and 1 bathroom. Together, the layout provides 1,480 square feet and can accommodate extended household needs, guests, or a separate rental arrangement.
Outdoor features include a fenced backyard, an oversized patio with access from both sides, a storage shed, and a 2-car garage. The property is located in the Waterside community of Myrtle Beach, with Intracoastal Waterway views and access to a community boat ramp. Built in 1986, the property has no HOA.
Outdoor features include a fenced backyard, an oversized patio with access from both sides, a storage shed, and a 2-car garage. The property is located in the Waterside community of Myrtle Beach, with Intracoastal Waterway views and access to a community boat ramp. Built in 1986, the property has no HOA.
Key Highlights
- Main residence with 3 bedrooms and 2 bathrooms
- Separate 1‑bedroom, 1‑bath living area
- 1,480 square feet with a two‑part residential layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,117
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,340
$302.3K
Cap Rate 7%
$215,957
$216.0K
Cap Rate 9%
$167,967
$168.0K
Market Conditions
NOI Build-Up for 1,480 SF
Gross rent
$22.7K $15.36/SF
− Vacancy
−$1.1K −$0.77/SF
EGI
$21.6K $14.59/SF
− OpEx
−$6.5K −$4.38/SF
NOI
$15.1K $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%
$302,340
Cap Rate 7%
$215,957
Cap Rate 9%
$167,967
Alternative Uses
Best Use
Multifamily LT 5
$216.0K
$189.0K – $252.0K
NOI $15,117 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$195.2K
$170.8K – $227.7K
NOI $13,662 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$375.1K
$328.2K – $437.6K
NOI $26,256 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 29577, SC
34,109
Population
22,630
Households
1.5
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
22.8 sq mi
ZIP Area
1,496
Density / Sq Mi
$48,561
Median Household Income
$33,591
Median Earnings
$1,130
Median Rent
$273,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Flexible two-part layout with private outdoor space, waterfront-community access, and no HOA restrictions.
Where is this duplex located?
The property is located at 331 Waterside Dr. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Main residence with 3 bedrooms and 2 bathrooms; Separate 1‑bedroom, 1‑bath living area; 1,480 square feet with a two‑part residential layout
