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Renovated 5-Unit Apartment Building
For Sale
Contact for pricing
Pending

406 8th Ave S, Myrtle Beach, SC 29577

Renovated multifamily property with varied unit configurations and convenient access to the beach, restaurants, and shopping.

Property SizeContact for details
Days on Market144

Property Features for 406 8th Ave S

General Information

Standard status Pending
Property subtype Multifamily

Units

Unit Mix 1 x 3BR, 3 x 1BR, 1 x efficiency
Multifamily Units 5

Additional Details

Highway Access Yes
Listing Agency: Esti Simantov
Listed By: Esti Simantov · License #SC 75252575
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 12:39AM

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 Esti Simantov

Investment Insights

Based on property information with market context.

This renovated five-unit apartment property includes one three-bedroom residence, three one-bedroom residences, and one efficiency unit. The improvements were completed in accordance with city code, providing a range of residential configurations within one multifamily asset.

Located at 406 8th Ave S in Myrtle Beach, the property sits between Ocean Blvd. and Highway 17 Business, approximately a block from the beach. Restaurants and shopping are also within a short walk. The oversized lot provides room for future expansion, as stated in the property information.

Key Highlights

  • Five‑unit apartment property with one three‑bedroom unit, three one‑bedroom units, and one efficiency unit
  • Renovated in accordance with city code
  • Approximately one block from the beach

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Dental Office HVAC Service Computer & Electronic Repair Law Firm (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

637
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Renovated multifamily property with varied unit configurations and convenient access to the beach, restaurants, and shopping.
Where is this apartment building located?
The property is located at 406 8th Ave S Myrtle Beach, SC.
What are key features of this property?
This property features: Five‑unit apartment property with one three‑bedroom unit, three one‑bedroom units, and one efficiency unit; Renovated in accordance with city code; Approximately one block from the beach
More about this property
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