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Turn-Key Multifamily Near Myrtle Beach

403 13th Ave. S Myrtle Beach, SC 29577

403 13th Ave. S, Myrtle Beach, SC, 29577
$764,900
For Sale
Claim this Listing
$764,900

MULTI_FAMILY - Myrtle Beach, SC

Property Size2,821 SF
Price / SF$271.14
AddedFeb 19
Days on Market146
Last RefreshJul 15 at 6:06 pm

Property Features for 403 13th Ave. S

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport
Standard status
Active
Size
2,821 SF

Utilities

Utilities
Cable Available

Building Details

Year built
1970
Number of units
3

Listing agent Daniel Kureshi

Listing office Century 21 The Harrelson Group Myrtle Beach, SC

Listing date Feb 19, 2026

MLS# 2604468 Listing URL

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, located 2.5 blocks from the ocean, features three units and is being sold fully furnished. The property includes a main house, currently utilized as a short-term rental, and a separate rear building with two additional units. The rear units are occupied by long-term tenants on week-to-week leases. The property has high-density MU-H zoning and offers immediate cash flow. A private backyard includes a custom wood pergola and elevated deck. The property is located near the Myrtle Beach Boardwalk. The property size is approximately 2821 square feet.

Key Highlights

  • Turn‑key property being sold fully furnished.
  • Prime location just 2.5 blocks from the beach.
  • Excellent income potential with a mix of short‑term and long‑term rental options.

Local 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 $49.4k $17.52
− Vacancy −$2.1k −$0.74
EGI $47.3k $16.78
− OpEx −$21.3k −$7.55
NOI $26.0k $9.23
2,821 SF · lease $17.52/SF/yr · vacancy 4.20% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$372.0K
$325.5K – $434.0K (±1% cap)
NOI $26,041 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$715.0K
$625.6K – $834.1K (±1% cap)
NOI $50,047 @ 7.0% cap · market cap 6.54%
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 ...

Suggested Use

Dental Office Hair Salon Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith (Bike/Boat/Book/etc) Store Carpet & Flooring Store Nail Salon Kitchen & Bath Showroom Spa & Massage Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Multifamily property - Multifamily property with three units near the beach.
Where is this multifamily property 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 $764,900.
What are key features of this property?
This property features: Turn‑key property being sold fully furnished.; Prime location just 2.5 blocks from the beach.; Excellent income potential with a mix of short‑term and long‑term rental options.
Contact an agent
More about this property
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