Multifamily Property with Eight
401 17th Ave. S North Myrtle Beach, SC 29582
For Sale
$1,650,000
MULTI_FAMILY - North Myrtle Beach, SC
Property Size6,500 SF
Price / SF$253.85
Days on Market47
Property Features for 401 17th Ave. S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 6,500 SF
Building Details
- Year built
- 1950
- Number of units
- 8
Listing Agency:
Century 21 Barefoot Realty
(843) 390-2121
Listed By:
The Mills Group Team · License #1999023818
(843) 252-0847
Added: Jun 10
Changed: Jul 22
Last Checked: Jul 26 at 6:06PM
MLS# 2614895
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 multifamily property consists of eight total rental units across two parcels. Units are currently occupied by long-term tenants. Each unit includes private outdoor storage closets and washer and dryer hookups. Recent improvements include newer roofs on most buildings within the last seven years, updated windows in many units, and brand-new front porches on the front duplex.
The property is described as a short walk from the beach and near the shops, restaurants, and entertainment of Main Street in North Myrtle Beach.
The configuration provides multiple rental streams within a single ownership, with the stated upgrades aimed at maintaining the buildings and supporting ongoing tenancy.
The property is described as a short walk from the beach and near the shops, restaurants, and entertainment of Main Street in North Myrtle Beach.
The configuration provides multiple rental streams within a single ownership, with the stated upgrades aimed at maintaining the buildings and supporting ongoing tenancy.
Key Highlights
- 8 total units on two parcels in a North Myrtle Beach multi‑family property
- All units are currently occupied by long‑term tenants, providing immediate rental income
- Walkable to the beach and Main Street North Myrtle Beach shops, restaurants, and entertainment
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.9k | $17.52 |
| − Vacancy | −$4.8k | −$0.74 |
| EGI | $109.1k | $16.78 |
| − OpEx | −$49.1k | −$7.55 |
| NOI | $60.0k | $9.23 |
6,500 SF · lease $17.52/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$857.2K
$750.0K – $1.00M
NOI $60,003 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,315 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
What type of property is this?
Apartment building - Eight occupied rental units on two parcels include outdoor storage closets and washer/dryer hookups.
Where is this apartment building located?
The property is located at 401 17th Ave. S North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 8 total units on two parcels in a North Myrtle Beach multi‑family property; All units are currently occupied by long‑term tenants, providing immediate rental income; Walkable to the beach and Main Street North Myrtle Beach shops, restaurants, and entertainment
