3-Unit Triplex with
3908 Seaview St., North Myrtle Beach, SC 29582
For Sale
$1,175,000
Three distinct residences, outdoor recreation space, and ocean-view decking create a flexible rental property.
Property Size3,780 SF
Price / SF$310.85
Days on Market51
Property Features for 3908 Seaview St.
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
pool
picnic tables
decking
Building Details
Year Built
Buildings
Listing Agency:
Crg Homes
(843) 651-8460
Listed By:
INNOVATE Real Estate
(843) 438-6959
Source:
Darrenwoodard
Added: Sep 24
Changed: Nov 12
Last Checked: Nov 12 at 8:04AM
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 Crg Homes
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,780-square-foot triplex, built in 1958, contains three residences: a 4-bedroom, 3-bath unit, a 4-bedroom, 2-bath unit, and a 1-bedroom, 1-bath unit. The side residence has its own entrance and driveway, along with a kitchen, living area, walk-in closet, and washer and dryer. Shared outdoor features include a pool, picnic tables, parking, and decking with ocean views. Interior improvements include quartz countertops and LVP flooring. Updates include a roof replacement in 2021, flooring and paint in 2023, and an upper deck and some windows in 2025.
The property occupies a corner lot about one block from the ocean in North Myrtle Beach’s Windy Hill section. It is in an X flood zone and has no HOA. Barefoot Landing, House of Blues, Alabama Theatre, shops, restaurants, and golf courses are among the nearby attractions identified.
The property occupies a corner lot about one block from the ocean in North Myrtle Beach’s Windy Hill section. It is in an X flood zone and has no HOA. Barefoot Landing, House of Blues, Alabama Theatre, shops, restaurants, and golf courses are among the nearby attractions identified.
Key Highlights
- Three residences totaling 9 bedrooms and 6 bathrooms
- 3,780 square feet; built in 1958
- Unit mix: 4 bedrooms/3 bathrooms, 4 bedrooms/2 bathrooms, and 1 bedroom/1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,610
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,200
$772.2K
Cap Rate 7%
$551,571
$551.6K
Cap Rate 9%
$429,000
$429.0K
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$58.1K $15.36/SF
− Vacancy
−$2.9K −$0.77/SF
EGI
$55.2K $14.59/SF
− OpEx
−$16.5K −$4.38/SF
NOI
$38.6K $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%
$772,200
Cap Rate 7%
$551,571
Cap Rate 9%
$429,000
Alternative Uses
Best Use
Multifamily LT 5
$551.6K
$482.6K – $643.5K
NOI $38,610 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$498.5K
$436.2K – $581.6K
NOI $34,894 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$958.0K
$838.3K – $1.12M
NOI $67,060 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Explore this area
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
$370,700
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Horry County, SC
Properties on Market for Triplexes in Horry County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct residences, outdoor recreation space, and ocean-view decking create a flexible rental property.
Where is this triplex located?
The property is located at 3908 Seaview St. North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Three residences totaling 9 bedrooms and 6 bathrooms; 3,780 square feet; built in 1958; Unit mix: 4 bedrooms/3 bathrooms, 4 bedrooms/2 bathrooms, and 1 bedroom/1 bathroom
