Duplex with Private
For Sale
$1,835,000
400 Hillside Dr. S, North Myrtle Beach, SC 29582
Two residential units offer private elevators, multiple balconies, and layouts suited to short- or long-term rental.
Property Size7,896 SF
Price / SF$232.40
Days on Market177
Property Features for 400 Hillside Dr. S
General Information
Standard status
Active
Size
7,896 SF
Elevators
Yes
Property subtype
Duplex
Units
Unit Mix
2 x 8BR/7BA
Multifamily Units
2
Amenities
pool
game rooms
balconies
grilling area
laundry
Building Details
Building Size
7,896 SF
Year Built
2006
Buildings
1
Listing Agency:
Realty ONE Group Dockside
Listed By:
Liat Edri · License #6170
(843) 444-4764
Source:
Barefootrealty
Added: May 7
Changed: Oct 29
Last Checked: Oct 29 at 2:58PM
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 Realty ONE Group Dockside
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Investment Insights
Based on property information with market context.
This North Myrtle Beach duplex contains two units with 8 bedrooms and 7 bathrooms apiece, for a combined 16 bedrooms and 14 bathrooms. The first two floors contain the bedrooms, while the upper floor holds each unit’s shared living areas, open kitchen, game room, full bathroom, and laundry room. Each unit has a private elevator. The property also includes a pool, six large balconies, a grilling area, and parking. A new roof was installed in 2023, and all six HVAC units are new.
The property is one block from the beach and four blocks from Main Street in North Myrtle Beach. Both short-term and long-term rentals are allowed. The two-unit configuration and shared recreational features are part of the property’s existing setup.
The property is one block from the beach and four blocks from Main Street in North Myrtle Beach. Both short-term and long-term rentals are allowed. The two-unit configuration and shared recreational features are part of the property’s existing setup.
Key Highlights
- Two units with 8 bedrooms and 7 bathrooms each
- 16 bedrooms and 14 bathrooms across the duplex
- Private elevator in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,653
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,613,060
$1.6M
Cap Rate 7%
$1,152,186
$1.2M
Cap Rate 9%
$896,144
$896.1K
Market Conditions
NOI Build-Up for 7,896 SF
Gross rent
$121.3K $15.36/SF
− Vacancy
−$6.1K −$0.77/SF
EGI
$115.2K $14.59/SF
− OpEx
−$34.6K −$4.38/SF
NOI
$80.7K $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%
$1,613,060
Cap Rate 7%
$1,152,186
Cap Rate 9%
$896,144
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,653 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$1.04M
$911.1K – $1.21M
NOI $72,890 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $140,081 @ 7.0% cap · market cap 7.63%
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
561
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 residential units offer private elevators, multiple balconies, and layouts suited to short- or long-term rental.
Where is this duplex located?
The property is located at 400 Hillside Dr. S North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,835,000.
What are key features of this property?
This property features: Two units with 8 bedrooms and 7 bathrooms each; 16 bedrooms and 14 bathrooms across the duplex; Private elevator in each unit
