Duplex with Private
400 Hillside Drive A & B, North Myrtle Beach, SC 29582
For Sale
$1,835,000
Two eight-bedroom residences include private elevators and allow both short-term and long-term rentals.
Property Size7,896 SF
Price / SF$232.40
Days on Market11
Property Features for 400 Hillside Drive A & B
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
pool
balcony
grilling area
true
16
Washer Hookup
Public
0.15
See Remarks
7896
Building Details
Building Size
Year Built
Buildings
Listing Agency:
(843) 968-7431
Listed By:
Alicia Brown
Source:
Clfhomesolutionsteam
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 9 at 7:07AM
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 Alicia Brown
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Investment Insights
Based on property information with market context.
Built in 2006, this duplex contains two residences with a combined 16 bedrooms and 14 bathrooms. Each unit has a private elevator, and the property includes a pool and six large balconies. The top floor of each residence holds the shared living spaces, including a game room, living room, open kitchen, full bathroom, and laundry room. Large bedrooms occupy the first two floors, with three bathrooms on each level. Recent improvements include a 2023 roof, six new HVAC units, new LVP flooring, and new furniture.
The property is one block from the beach and four blocks from Main Street in North Myrtle Beach. Short-term and long-term rentals are allowed.
The property is one block from the beach and four blocks from Main Street in North Myrtle Beach. Short-term and long-term rentals are allowed.
Key Highlights
- Two‑unit duplex with 16 bedrooms and 14 bathrooms
- Each residence has a private elevator
- Property includes a private pool and six large balconies
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
561
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 Duplexes in North Myrtle Beach, SC
Properties on Market for Duplexes in North Myrtle Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two eight-bedroom residences include private elevators and allow both short-term and long-term rentals.
Where is this duplex located?
The property is located at 400 Hillside Drive A & B 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‑unit duplex with 16 bedrooms and 14 bathrooms; Each residence has a private elevator; Property includes a private pool and six large balconies
