Furnished Side-by-Side
For Sale
$400,000
Pending
401 28th Ave. S, North Myrtle Beach, SC 29582
Two furnished units offer private outdoor spaces, ocean views, and flexible residential or rental use near the beach.
Property Size1,600 SF
Days on Market48
Property Features for 401 28th Ave. S
General Information
Standard status
Pending
Size
1,600 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Furnished
Yes
Amenities
private front porches
ocean views
assigned off-street parking
separate washers and dryers in each unit
private decks
Building Details
Year Built
1977
Listing Agency:
Bh & G Elliott Coastal Living
(843) 280-5704
Listed By:
The Dream Haven Group
(843) 417-0095
Source:
Dreamhavengroupmb
Added: Sep 13
Changed: Oct 28
Last Checked: Oct 28 at 8:42AM
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 Bh & G Elliott Coastal Living
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Investment Insights
Based on property information with market context.
Built in 1977, this 1,600-square-foot side-by-side duplex includes two furnished units with a coastal cottage character. One residence has 2 bedrooms and 1 bath, while the other provides 2 bedrooms and 1.5 baths. Each unit includes a private front porch, separate washer and dryer, and a smaller rear deck. Ocean views and coastal breezes add to the setting.
The property is located at 401 28th Ave. S in North Myrtle Beach, approximately one block from the beach. Rear access and assigned off-street parking support everyday use, while the absence of an HOA provides additional flexibility. The configuration can accommodate owner occupancy with a second unit for rental use, dual leasing, or personal beach lodging.
The property is located at 401 28th Ave. S in North Myrtle Beach, approximately one block from the beach. Rear access and assigned off-street parking support everyday use, while the absence of an HOA provides additional flexibility. The configuration can accommodate owner occupancy with a second unit for rental use, dual leasing, or personal beach lodging.
Key Highlights
- Two‑unit duplex with 1,600 square feet of total space
- Unit mix includes 2 bedrooms/1 bath and 2 bedrooms/1.5 baths
- Both units are furnished and include private front porches
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,343
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,860
$326.9K
Cap Rate 7%
$233,471
$233.5K
Cap Rate 9%
$181,589
$181.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$24.6K $15.36/SF
− Vacancy
−$1.2K −$0.77/SF
EGI
$23.3K $14.59/SF
− OpEx
−$7.0K −$4.38/SF
NOI
$16.3K $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%
$326,860
Cap Rate 7%
$233,471
Cap Rate 9%
$181,589
Alternative Uses
Best Use
Multifamily LT 5
$233.5K
$204.3K – $272.4K
NOI $16,343 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$211.0K
$184.6K – $246.2K
NOI $14,770 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$405.5K
$354.8K – $473.1K
NOI $28,385 @ 7.0% cap · market cap 7.10%
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
549
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 furnished units offer private outdoor spaces, ocean views, and flexible residential or rental use near the beach.
Where is this duplex located?
The property is located at 401 28th Ave. S North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,600 square feet of total space; Unit mix includes 2 bedrooms/1 bath and 2 bedrooms/1.5 baths; Both units are furnished and include private front porches
