32-Unit Apartment
For Sale
$2,039,000
403 14th Ave. S, Myrtle Beach, SC 29572
A pool and one-bedroom layouts are among the property’s existing features.
Property Size12,000 SF
Lot Size0.52 Acres
Price / SF$169.92
Days on Market520
Property Features for 403 14th Ave. S
General Information
Standard status
Active
Size
12,000 SF
Lot size
0.52 Acres
Property subtype
Apartment
Zoning
Withers HT
Units
Unit Mix
32 x 1BR
Multifamily Units
32
Amenities
Pool
Building Details
Building Size
12,000 SF
Year Built
1970
Listing Agency:
Century 21 Palms Realty
Listed By:
Nicholas Strumke
Source:
Northmyrtlebeachrealestate
Added: May 22, 2025
Changed: Oct 22
Last Checked: Oct 21 at 2:15PM
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 Palms Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 32-unit apartment property at 403 14th Ave. S in Myrtle Beach was built in 1970 and occupies 0.52 acres. The apartments are configured as one-bedroom units, and the property includes a pool. Improvements include flooring, kitchens, bathrooms, paint, fixtures and a roof installed in 2023. Pet restrictions apply, and the zoning designation is Withers HT.
The property is near the beach and downtown Myrtle Beach. The Myrtle Beach International Airport, golf courses and restaurants are also identified as nearby destinations.
The property is near the beach and downtown Myrtle Beach. The Myrtle Beach International Airport, golf courses and restaurants are also identified as nearby destinations.
Key Highlights
- 32 one‑bedroom apartment units
- 0.52‑acre property with a pool
- Roof installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,775
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,215,500
$2.2M
Cap Rate 7%
$1,582,500
$1.6M
Cap Rate 9%
$1,230,833
$1.2M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$210.2K $17.52/SF
− Vacancy
−$8.8K −$0.74/SF
EGI
$201.4K $16.78/SF
− OpEx
−$90.6K −$7.55/SF
NOI
$110.8K $9.23/SF
Area
Horry County, SC
Vacancy
4.20%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,215,500
Cap Rate 7%
$1,582,500
Cap Rate 9%
$1,230,833
Alternative Uses
Best Use
Apartment 5plus
$1.58M
$1.38M – $1.85M
NOI $110,775 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $212,890 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Explore this area
Business Placement
Demographics for 29572, SC
10,711
Population
14,313
Households
0.7
Avg Household Size
57
Median Age
43%
College-Educated
95%
High-School Grad
8.9 sq mi
ZIP Area
1,203
Density / Sq Mi
$75,388
Median Household Income
$36,121
Median Earnings
$1,148
Median Rent
$385,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A pool and one-bedroom layouts are among the property’s existing features.
Where is this apartment building located?
The property is located at 403 14th Ave. S Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $2,039,000.
What are key features of this property?
This property features: 32 one‑bedroom apartment units; 0.52‑acre property with a pool; Roof installed in 2023
