Beachside Duplex with Private
For Sale
$585,000
500 43rd Ave. S, North Myrtle Beach, SC 29582
Two-unit property near the Atlantic Ocean with recent system upgrades, separate residences, and no HOA.
Property Size1,736 SF
Price / SF$336.98
Days on Market91
Property Features for 500 43rd Ave. S
General Information
Standard status
Active
Size
1,736 SF
Property subtype
Multi-Family
Building Details
Year Built
1970
Listing Agency:
Keystone Realty Mb, LLC
(843) 626-3400
Listed By:
INNOVATE Real Estate
(843) 438-6959
Source:
Darrenwoodard
Added: Jul 18
Changed: Oct 15
Last Checked: Oct 14 at 11:20PM
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 Keystone Realty Mb, LLC
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Investment Insights
Based on property information with market context.
Located at 500 43rd Ave. S in North Myrtle Beach, this duplex contains approximately 1,736 heated square feet across two separate 2-bedroom, 1-bathroom residences. The upstairs unit includes a private balcony with Atlantic Ocean views, while a storage shed provides space for beach equipment and tools. Both HVAC systems were replaced in 2025, and the upstairs system also received new ductwork.
The property has undergone several additional updates. The upstairs residence received flooring and paint in 2022, and the downstairs unit received the same improvements in 2019. The crawl space was improved in 2019 with new ductwork and a vapor barrier. Other work includes downstairs windows added in 2013, a roof installed in 2015, and new front and rear exterior staircases completed in 2022. The upstairs unit is currently rented, and the property has no HOA.
The property has undergone several additional updates. The upstairs residence received flooring and paint in 2022, and the downstairs unit received the same improvements in 2019. The crawl space was improved in 2019 with new ductwork and a vapor barrier. Other work includes downstairs windows added in 2013, a roof installed in 2015, and new front and rear exterior staircases completed in 2022. The upstairs unit is currently rented, and the property has no HOA.
Key Highlights
- Approximately 1,736 heated square feet with two separate residences
- Two 2‑bedroom, 1‑bathroom units
- Upstairs unit includes a private balcony with Atlantic Ocean views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,732
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,640
$354.6K
Cap Rate 7%
$253,314
$253.3K
Cap Rate 9%
$197,022
$197.0K
Market Conditions
NOI Build-Up for 1,736 SF
Gross rent
$26.7K $15.36/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$25.3K $14.59/SF
− OpEx
−$7.6K −$4.38/SF
NOI
$17.7K $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%
$354,640
Cap Rate 7%
$253,314
Cap Rate 9%
$197,022
Alternative Uses
Best Use
Multifamily LT 5
$253.3K
$221.7K – $295.5K
NOI $17,732 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$228.9K
$200.3K – $267.1K
NOI $16,026 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$440.0K
$385.0K – $513.3K
NOI $30,798 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
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Business Placement
Demographics for 29582, SC
18,897
Population
27,559
Households
0.7
Avg Household Size
62
Median Age
38%
College-Educated
94%
High-School Grad
21.9 sq mi
ZIP Area
863
Density / Sq Mi
$71,030
Median Household Income
$36,906
Median Earnings
$1,194
Median Rent
$370,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property near the Atlantic Ocean with recent system upgrades, separate residences, and no HOA.
Where is this duplex located?
The property is located at 500 43rd Ave. S North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Approximately 1,736 heated square feet with two separate residences; Two 2‑bedroom, 1‑bathroom units; Upstairs unit includes a private balcony with Atlantic Ocean views
