Desirable Coastal Duplex with
For Sale
Contact for pricing
Pending
401 25th Ave S, North Myrtle Beach, SC 29582
Well-appointed duplex with pool, hot tub, and putting green.
Property Size2,500 SF
Days on Market246
Property Features for 401 25th Ave S
General Information
Standard status
Pending
Size
2,500 SF
Class
A
Property subtype
Multifamily
Investment Type
Value Add
Building Details
Buildings
1
Stories
2
Units
2
Listing Agency:
Innovate Real Estate
Listed By:
Shayne Steiner · License #130156
Source:
Crexi
Added: Feb 9
Changed: Sep 12
Last Checked: Oct 12 at 8:58PM
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 Innovate Real Estate
Investment Insights
Based on property information with market context.
This well-appointed duplex presents an opportunity for investors or owner-occupants. Each unit has a private entrance, washer and dryer, and designed living spaces. The downstairs unit features 3 bedrooms and 2.5 bathrooms, offering a spacious layout. The upstairs unit includes 3 bedrooms and 2 full bathrooms, delivering a functional floor plan with natural light. Outdoor amenities include a saltwater pool, hot tub, and a putting green. The shared outdoor space is designed for relaxation and entertainment. Located near attractions, dining, shopping, and the beach, this duplex offers space, amenities, and versatility. It is located in North Myrtle Beach, SC. The property size is 2500 square feet. This property is intended for use as a residential income property, multifamily property, or duplex. This property presents an opportunity to generate rental income or expand a portfolio.
Key Highlights
- Resort‑style outdoor space featuring a saltwater pool, hot tub, and putting green.
- Two separate units, each with private entrance and in‑unit washer and dryer.
- Downstairs unit: 3 bedrooms, 2.5 bathrooms; Upstairs unit: 3 bedrooms, 2 bathrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,536
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,720
$510.7K
Cap Rate 7%
$364,800
$364.8K
Cap Rate 9%
$283,733
$283.7K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$38.4K $15.36/SF
− Vacancy
−$1.9K −$0.77/SF
EGI
$36.5K $14.59/SF
− OpEx
−$10.9K −$4.38/SF
NOI
$25.5K $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%
$510,720
Cap Rate 7%
$364,800
Cap Rate 9%
$283,733
Alternative Uses
Best Use
Multifamily LT 5
$364.8K
$319.2K – $425.6K
NOI $25,536 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$329.7K
$288.5K – $384.6K
NOI $23,078 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$633.6K
$554.4K – $739.2K
NOI $44,352 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
607
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
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 - Well-appointed duplex with pool, hot tub, and putting green.
Where is this duplex located?
The property is located at 401 25th Ave S North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Resort‑style outdoor space featuring a saltwater pool, hot tub, and putting green.; Two separate units, each with private entrance and in‑unit washer and dryer.; Downstairs unit: 3 bedrooms, 2.5 bathrooms; Upstairs unit: 3 bedrooms, 2 bathrooms.
