Building Details

Year built 1972

Number of units 4

Listing Agency: INNOVATE Real Estate d***@innovateonline.com Show Phone

Listed By: Lisa Yazici · License #118396 Show Phone

Added: Sep 1 Changed: Sep 19 Last Checked: Oct 17 at 3:06PM

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MLS# 2621691

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.

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Investment Insights

Based on property information with market context.

This 3,976-square-foot quadplex, constructed in 1972, contains four separate furnished units. Each residence includes two bedrooms and one bathroom, and the property has undergone renovations inside and out. No HOA applies, and short-term rentals are allowed.

The property is located near the beach in Myrtle Beach, with shopping, dining, golf courses, hospitals, schools, Myrtle Beach International Airport, and Grand Strand beaches identified in the surrounding area. A cable connection is available.

Key Highlights

• Four separate units, each with 2 bedrooms and 1 bathroom
• 3,976 square feet across the quadplex
• Fully furnished residences

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,612

Cap Rate

3.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$812,240 $812.2K

Cap Rate 7%

$580,171 $580.2K

Cap Rate 9%

$451,244 $451.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,976 SF

Gross rent

$61.1K $15.36/SF

− Vacancy

−$3.1K −$0.77/SF

EGI

$58.0K $14.59/SF

− OpEx

−$17.4K −$4.38/SF

NOI

$40.6K $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%

$812,240

Cap Rate 7%

$580,171

Cap Rate 9%

$451,244

Alternative Uses

Best Use

Multifamily LT 5

$580.2K

$507.7K – $676.9K (±1% cap)

NOI $40,612 @ 7.0% cap · market cap 3.25%

Second Best

Apartment 5plus

$524.3K

$458.8K – $611.7K (±1% cap)

NOI $36,704 @ 7.0% cap · market cap 2.94%

Theoretical Best

Office A

$1.01M

$881.7K – $1.18M (±1% cap)

NOI $70,537 @ 7.0% cap · market cap 5.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Furniture & Home Goods HVAC Service Plumbing Service Butcher

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

4

Residential units

Location Intelligence

Trade Area within ½ mile

1,345

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

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?

Quadplex - Four furnished two-bedroom residences offer short-term rental flexibility with no HOA restrictions.

Where is this quadplex located?

The property is located at 409 17th Ave. N Myrtle Beach, SC.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Four separate units, each with 2 bedrooms and 1 bathroom; 3,976 square feet across the quadplex; Fully furnished residences