Month-to-Month Duplex Near
For Sale
$390,000
406 13th Avenue S, Myrtle Beach, SC 29577
MULTI_FAMILY - Myrtle Beach, SC
Property Size1,943 SF
Lot Size0.31 Acres
Price / SF$200.72
Days on Market125
Property Features for 406 13th Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MUH
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 3
Parking features
Paved or Surfaced
Subdivision
Not In Subdivision
Elementary school
Myrtle Beach
Middle school
Myrtle Beach
High school
Myrtle Beach
Directions
This property is located East of Highway 17 Business in Myrtle Beach. It is located on 13th Ave. S. in Myrtle Beach. Located between Hwy 17 Business and N. Ocean Blvd. in Myrtle Beach.
Standard status
Active
APN
44311040055
Size
1,943 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
WITHERS HTS SECT; LT 3 BL 9
Tax Annual Amount
3325
Legal Description
WITHERS HTS SECT; LT 3 BL 9
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1943
Floors in Building
1
Number of units
2
Building materials
Vinyl Siding, Wood Frame
Roof type
Composition
Listing Agency:
Berkshire Hathaway Home Services Myrtle Beach Real Estate LLC
(843) 449-9444
Listed By:
Marvin Heyd · License #179006
(843) 267-7623
Added: Apr 9
Changed: Aug 10
Last Checked: Aug 11 at 6:06PM
MLS# 100565926
Copyright © 2026 Hive MLS. 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 duplex at 406 13th Avenue S offers a month-to-month rental arrangement and is being sold in as-is condition. Set on a 0.31-acre lot, the property totals 1,943 square feet and was built in 1943. The home’s construction includes vinyl siding with wood frame, with a composition roof. Comfort systems include central air cooling and forced air electric heating. Parking is paved or surfaced, and utilities are available via public water and public sewer.
The property is located about two blocks or 1,000 feet to the beach. Zoning is MUH (Multifamily High Density), which allows short-term rentals.
Current tenants have been renting in this location since 2007 and would like to stay if possible, but are prepared to move.
The property is located about two blocks or 1,000 feet to the beach. Zoning is MUH (Multifamily High Density), which allows short-term rentals.
Current tenants have been renting in this location since 2007 and would like to stay if possible, but are prepared to move.
Key Highlights
- About two blocks or 1,000 feet to the beach
- Zoned MUH, allowing short‑term rentals
- 0.31‑acre lot with 1,943 SF duplex
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,847
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$396,940
$396.9K
Cap Rate 7%
$283,529
$283.5K
Cap Rate 9%
$220,522
$220.5K
Market Conditions
NOI Build-Up for 1,943 SF
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.
Gross rent
$29.8K $15.36/SF
− Vacancy
−$1.5K −$0.77/SF
EGI
$28.4K $14.59/SF
− OpEx
−$8.5K −$4.38/SF
NOI
$19.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$396,940
Cap Rate 7%
$283,529
Cap Rate 9%
$220,522
Alternative Uses
Best Use
Multifamily LT 5
$283.5K
$248.1K – $330.8K
NOI $19,847 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$256.2K
$224.2K – $298.9K
NOI $17,936 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$492.4K
$430.9K – $574.5K
NOI $34,470 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex zoned MUH with short-term rental allowance, month-to-month tenancy, and central air with public water and sewer.
Where is this duplex located?
The property is located at 406 13th Avenue S Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: About two blocks or 1,000 feet to the beach; Zoned MUH, allowing short‑term rentals; 0.31‑acre lot with 1,943 SF duplex
