Townhome-Style Condo
4809 Little River Rd. Myrtle Beach, SC 29577
For Sale
$1,050,000
MULTI_FAMILY - Myrtle Beach, SC
Property Size6,720 SF
Price / SF$156.25
Days on Market93
Property Features for 4809 Little River Rd.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Standard status
- Active
- Size
- 6,720 SF
Building Details
- Year built
- 1986
- Number of units
- 5
Listing Agency:
Own Myrtle Real Estate
(516) 233-0601
Listed By:
Ester Esti Simantov
(843) 457-9780
Added: Apr 25
Changed: Jul 26
Last Checked: Jul 26 at 5:06PM
MLS# 2610746
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.
Investment Insights
Based on property information with market context.
This townhouse-style condo package includes five renovated units, each individually deeded, and sold together as a single package. Every unit features a generously sized patio or porch. The property is described as being in excellent condition with a strong rental history, positioned as a turnkey income-producing asset.
Located at 6500 Porcher Dr., Myrtle Beach, SC 29577, the community is in a well-established neighborhood off 48th Ave N, just minutes from the beach and nearby shopping, dining, and entertainment. A registered HOA is in place and allows for individual unit resale, supporting investor flexibility. The property may also be purchased together with an additional package of six condo units to create a total of 11 units.
Located at 6500 Porcher Dr., Myrtle Beach, SC 29577, the community is in a well-established neighborhood off 48th Ave N, just minutes from the beach and nearby shopping, dining, and entertainment. A registered HOA is in place and allows for individual unit resale, supporting investor flexibility. The property may also be purchased together with an additional package of six condo units to create a total of 11 units.
Key Highlights
- Renovated townhouse‑style 5‑unit condo package, built in 1986
- All 5 units are individually deeded and sold together as one package
- Each unit includes a patio or porch
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.7k | $17.52 |
| − Vacancy | −$4.9k | −$0.74 |
| EGI | $112.8k | $16.78 |
| − OpEx | −$50.8k | −$7.55 |
| NOI | $62.0k | $9.23 |
6,720 SF · lease $17.52/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$886.2K
$775.4K – $1.03M
NOI $62,034 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,218 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five renovated, individually deeded units are sold as one package, each with a private patio or porch.
Where is this apartment building located?
The property is located at 4809 Little River Rd. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Renovated townhouse‑style 5‑unit condo package, built in 1986; All 5 units are individually deeded and sold together as one package; Each unit includes a patio or porch
