Coastal Duplex with
For Sale
$585,000
500 43rd Ave. S, North Myrtle Beach, SC 29582
MULTI-FAMILY, North Myrtle Beach, SC
Property Size1,736 SF
Price / SF$336.98
Days on Market92
Property Features for 500 43rd Ave. S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Lot features
Rectangular, East of Bus. 17, Inside City Limits
Elementary school
Ocean Drive Elementary
Middle school
North Myrtle Beach Middle School
High school
North Myrtle Beach High School
Subdivision
11E North Myrtle Beach Area--Windy Hill
Standard status
Active
Size
1,736 SF
Amenities
private balcony
storage shed
Building Details
Year built
1970
Number of units
2
Listing Agency:
CRG Homes
(843) 651-8460
Listed By:
Christine Howard · License #12134
(843) 467-8880
Added: Jul 16
Changed: Aug 19
Last Checked: Oct 15 at 7:06PM
MLS# 2617847
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 1,736-square-foot duplex contains two separate 2-bedroom, 1-bathroom units in a two-story configuration. Constructed in 1970, the property includes an upper-level balcony, a storage shed, and front and rear exterior staircases. The upper residence has Atlantic Ocean views, while the overall layout supports distinct living arrangements for each unit.
Improvements include replacement of both HVAC systems in 2025, along with new ductwork serving the upper unit. The upper unit received flooring and paint in 2022; the lower unit received the same updates in 2019. Additional work includes crawl-space ductwork and a vapor barrier in 2019, downstairs windows in 2013, and a roof installed in 2015. The upstairs unit is currently rented, and the property has no HOA. The Atlantic Ocean, dining, shopping, entertainment, and other North Myrtle Beach attractions are located nearby.
Improvements include replacement of both HVAC systems in 2025, along with new ductwork serving the upper unit. The upper unit received flooring and paint in 2022; the lower unit received the same updates in 2019. Additional work includes crawl-space ductwork and a vapor barrier in 2019, downstairs windows in 2013, and a roof installed in 2015. The upstairs unit is currently rented, and the property has no HOA. The Atlantic Ocean, dining, shopping, entertainment, and other North Myrtle Beach attractions are located nearby.
Key Highlights
- 1,736 SF duplex with two 2‑bedroom, 1‑bathroom units
- Both HVAC systems replaced in 2025; upstairs ductwork also replaced
- Upper 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
Lease Details
2
Residential units
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 updated residences offer flexible occupancy and rental use near the Atlantic Ocean.
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: 1,736 SF duplex with two 2‑bedroom, 1‑bathroom units; Both HVAC systems replaced in 2025; upstairs ductwork also replaced; Upper unit includes a private balcony with Atlantic Ocean views
