28-Unit Apartment
4601 Lomax Ct., Murrells Inlet, SC 29576
For Sale
$4,998,000
COMMERCIAL/INDUSTRIAL, Murrells Inlet, SC
Property Size34,720 SF
Lot Size1.00 Acre
Price / SF$143.95
Days on Market212
Property Features for 4601 Lomax Ct.
General Information
Property type
Property subtype
Zoning
Subdivision
Standard status
Size
Lot size
Amenities
community pool
screened porches
Building Details
Floors in Building
Number of units
Listing Agency:
James W Smith Real Estate Co
(843) 237-4246
Listed By:
Jimmy Smith
(843) 241-8510
Added: Apr 15
Changed: Oct 8
Last Checked: Nov 12 at 8:06AM
MLS# 2609722
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 multifamily property comprises seven buildings with 28 multi-unit townhomes totaling 34,720 square feet on 1 acre. The residences feature spacious layouts and private screened porches, creating a consistent configuration across the portfolio. A community pool is available for residents within the development.
Located at 4601 Lomax Ct. in Murrells Inlet, South Carolina, the property carries MF zoning and is positioned in the Lowcountry community. The offering combines multiple residential buildings and shared amenities within a single assembled asset.
Located at 4601 Lomax Ct. in Murrells Inlet, South Carolina, the property carries MF zoning and is positioned in the Lowcountry community. The offering combines multiple residential buildings and shared amenities within a single assembled asset.
Key Highlights
- Seven buildings containing 28 multi‑unit townhomes
- 34,720 square feet across the portfolio
- 1‑acre multifamily property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$320,510
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,410,200
$6.4M
Cap Rate 7%
$4,578,714
$4.6M
Cap Rate 9%
$3,561,222
$3.6M
Market Conditions
NOI Build-Up for 34,720 SF
Gross rent
$608.3K $17.52/SF
− Vacancy
−$25.5K −$0.74/SF
EGI
$582.7K $16.78/SF
− OpEx
−$262.2K −$7.55/SF
NOI
$320.5K $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%
$6,410,200
Cap Rate 7%
$4,578,714
Cap Rate 9%
$3,561,222
Alternative Uses
Best Use
Apartment 5plus
$4.58M
$4.01M – $5.34M
NOI $320,510 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.80M
$7.70M – $10.27M
NOI $615,961 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
28
Residential units
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
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Business Placement
Demographics for 29576, SC
32,476
Population
22,097
Households
1.5
Avg Household Size
61
Median Age
32%
College-Educated
96%
High-School Grad
30.5 sq mi
ZIP Area
1,065
Density / Sq Mi
$70,343
Median Household Income
$36,352
Median Earnings
$1,467
Median Rent
$315,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Horry County, SC
Properties on Market for Apartment buildings in Horry County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Seven-building multifamily offering with townhome layouts, screened porches, and access to a community pool.
Where is this apartment building located?
The property is located at 4601 Lomax Ct. Murrells Inlet, SC.
What is the asking price?
The asking price for this property is $4,998,000.
What are key features of this property?
This property features: Seven buildings containing 28 multi‑unit townhomes; 34,720 square feet across the portfolio; 1‑acre multifamily property
