Triplex with Separate Rear
403 13th Ave. S, Myrtle Beach, SC 29577
For Sale
$759,900
A furnished, renovated main residence is paired with two one-bedroom, one-bath units in a separate rear building.
Property Size3,251 SF
Price / SF$233.74
Days on Market77
Property Features for 403 13th Ave. S
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Furnished
Amenities
custom wood pergola
elevated deck
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Century 21 The Harrelson Group
Listed By:
Daniel Kureshi · License SC #98693
(843) 945-0968
Source:
Thesarvergroup
Added: Aug 25
Changed: Nov 2
Last Checked: Nov 8 at 10:39AM
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 Century 21 The Harrelson Group
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Investment Insights
Based on property information with market context.
This 3,251-square-foot triplex includes a renovated main house and a separate building with two one-bedroom, one-bath residences. The main house operates as a short-term rental, while the rear units are leased long term. Recent improvements include new ductwork throughout the house, a refrigerator, and a washer and dryer; one rear unit also has a new water heater. The property was built in 1970 and is being sold furnished.
Outdoor features include a backyard with a custom wood pergola and elevated deck. The property is located in Myrtle Beach, minutes from the beach.
Outdoor features include a backyard with a custom wood pergola and elevated deck. The property is located in Myrtle Beach, minutes from the beach.
Key Highlights
- Three residential units: a main house and two one‑bedroom, one‑bath units
- 3,251 square feet; built in 1970
- Main house operates as a short‑term rental; rear residences are long‑term rentals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,207
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,140
$664.1K
Cap Rate 7%
$474,386
$474.4K
Cap Rate 9%
$368,967
$369.0K
Market Conditions
NOI Build-Up for 3,251 SF
Gross rent
$49.9K $15.36/SF
− Vacancy
−$2.5K −$0.77/SF
EGI
$47.4K $14.59/SF
− OpEx
−$14.2K −$4.38/SF
NOI
$33.2K $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%
$664,140
Cap Rate 7%
$474,386
Cap Rate 9%
$368,967
Alternative Uses
Best Use
Multifamily LT 5
$474.4K
$415.1K – $553.5K
NOI $33,207 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$428.7K
$375.1K – $500.2K
NOI $30,011 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$823.9K
$720.9K – $961.3K
NOI $57,675 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
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Business Placement
Demographics for 29577, SC
34,109
Population
22,630
Households
1.5
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
22.8 sq mi
ZIP Area
1,496
Density / Sq Mi
$48,561
Median Household Income
$33,591
Median Earnings
$1,130
Median Rent
$273,700
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Horry County, SC
Properties on Market for Triplexes in Horry County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - A furnished, renovated main residence is paired with two one-bedroom, one-bath units in a separate rear building.
Where is this triplex located?
The property is located at 403 13th Ave. S Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $759,900.
What are key features of this property?
This property features: Three residential units: a main house and two one‑bedroom, one‑bath units; 3,251 square feet; built in 1970; Main house operates as a short‑term rental; rear residences are long‑term rentals
