Duplex with Separate Living
For Sale
$299,900
331 Waterside Dr., Myrtle Beach, SC 29577
MULTI-FAMILY, Myrtle Beach, SC
Property Size1,480 SF
Price / SF$202.64
Days on Market57
Property Features for 331 Waterside Dr.
General Information
Property type
Residential Multi Family
Property subtype
Other
Lot features
Rectangular, In I C W Community, Outside City Limits, Second Row Other
Elementary school
Myrtle Beach Elementary School
Middle school
Myrtle Beach Middle School
High school
Myrtle Beach High School
Subdivision
16G Myrtle Beach Area--Southern Limit to 10TH Ave N
Standard status
Active
Size
1,480 SF
Utilities
Utilities
Cable Available
Amenities
fenced backyard
patio
storage shed
garage
boat ramp
ICW views
Building Details
Year built
1986
Number of units
2
Listing Agency:
Century 21 Barefoot Realty · Century 21 Real Estate
(843) 390-2121
Listed By:
The Mills Group Team · License #327646
(843) 252-0847
Added: Aug 11
Changed: Oct 5
Last Checked: Oct 6 at 5:06PM
MLS# 2619844
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 1,480-square-foot duplex, built in 1986, pairs a three-bedroom, two-bathroom main home with a separate one-bedroom, one-bathroom living space. The property also includes a two-car garage and storage shed. Cable is available.
An oversized patio connects to both sides of the home, and the backyard is fenced. The property is in an Intracoastal Waterway community with waterway views; community amenities include a boat ramp. There is no HOA.
An oversized patio connects to both sides of the home, and the backyard is fenced. The property is in an Intracoastal Waterway community with waterway views; community amenities include a boat ramp. There is no HOA.
Key Highlights
- Main residence has 3 bedrooms and 2 bathrooms
- Separate living space includes 1 bedroom and 1 bathroom
- 1,480 square feet; built in 1986
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.
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - A fenced backyard, oversized patio, and two-car garage complement the property's two-unit residential configuration.
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 has 3 bedrooms and 2 bathrooms; Separate living space includes 1 bedroom and 1 bathroom; 1,480 square feet; built in 1986
