Renovated 12-Unit Apartment
4807 Little River Rd., Myrtle Beach, SC 29572
For Sale
$2,399,900
MULTI-FAMILY, Myrtle Beach, SC
Property Size13,440 SF
Price / SF$178.56
Days on Market286
Property Features for 4807 Little River Rd.
General Information
Property type
Property subtype
Subdivision
Elementary school
Middle school
High school
Standard status
Size
Building Details
Year built
Number of units
Listing Agency:
Own Myrtle Real Estate
(516) 233-0601
Listed By:
Ester Esti Simantov
(843) 457-9780
Added: Jan 28
Changed: Oct 16
Last Checked: Nov 9 at 9:06PM
MLS# 2602489
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 13,440-square-foot apartment complex, built in 1986, contains 12 units arranged in a duplex-style configuration. The mix includes six condo-style units and six townhouse-style units, with patios or porches serving each residence. The property has been renovated and is offered as one package of individually deeded condominium units.
A registered HOA permits individual resale of the condo units. The complex is situated in an established Myrtle Beach neighborhood off 48th Ave N, with the beach located minutes away. The property address is 4807 Little River Rd., Myrtle Beach, SC 29572.
A registered HOA permits individual resale of the condo units. The complex is situated in an established Myrtle Beach neighborhood off 48th Ave N, with the beach located minutes away. The property address is 4807 Little River Rd., Myrtle Beach, SC 29572.
Key Highlights
- 12 units total: 6 condo‑style and 6 townhouse‑style
- 13,440 square feet across a duplex‑style complex
- Individually deeded condo units offered together as one package
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,069
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,481,380
$2.5M
Cap Rate 7%
$1,772,414
$1.8M
Cap Rate 9%
$1,378,544
$1.4M
Market Conditions
NOI Build-Up for 13,440 SF
Gross rent
$235.5K $17.52/SF
− Vacancy
−$9.9K −$0.74/SF
EGI
$225.6K $16.78/SF
− OpEx
−$101.5K −$7.55/SF
NOI
$124.1K $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%
$2,481,380
Cap Rate 7%
$1,772,414
Cap Rate 9%
$1,378,544
Alternative Uses
Best Use
Apartment 5plus
$1.77M
$1.55M – $2.07M
NOI $124,069 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.41M
$2.98M – $3.97M
NOI $238,436 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
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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
$385,100
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Myrtle Beach, SC
Properties on Market for Apartment buildings in Myrtle Beach
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Individually deeded residences with private patios or porches and HOA-supported resale flexibility.
Where is this apartment building located?
The property is located at 4807 Little River Rd. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $2,399,900.
What are key features of this property?
This property features: 12 units total: 6 condo‑style and 6 townhouse‑style; 13,440 square feet across a duplex‑style complex; Individually deeded condo units offered together as one package
