Beachside Duplex Near
500 43rd Ave. S North Myrtle Beach, SC 29582
New
500 43rd Ave. S, North Myrtle Beach, SC, 29582
$585,000
For Sale
$585,000
MULTI_FAMILY - North Myrtle Beach, SC
Property Size1,736 SF
Price / SF$336.98
Days on Market2
Property Features for 500 43rd Ave. S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,736 SF
Building Details
- Year built
- 1970
- Number of units
- 2
Listing Agency
CRG Homes
(843) 651-8460
Garden City, SC
Listed by
Christine Howard
(843) 467-8880
Added: Jul 16 Checked: Jul 17 at 9:06 am
MLS# 2617847
Listing URL
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 well-maintained duplex, built around 1970, features two separate 2-bedroom, 1-bath units in approximately 1,736 heated square feet. The upstairs unit includes a private balcony, and the property has been updated over the years to support long-term comfort and ownership. In 2025, both HVAC systems were replaced, and the upstairs unit received all-new ductwork. The upstairs unit was refreshed in 2022 with new flooring and paint, while the downstairs unit received new flooring and paint in 2019. Also in 2019, the crawl space was enhanced with new ductwork and a vapor barrier. Additional improvements include new downstairs windows in 2013, a new roof in 2015, and new front and rear exterior staircases installed in 2022.
The duplex is located in North Myrtle Beach, South Carolina, and is described as a short stroll from the Atlantic Ocean. The upstairs unit is currently rented, providing immediate rental income. The property has no HOA and includes a storage shed for additional storage needs.
Buyer is responsible for verifying all details. Square footage is approximate and not guaranteed.
The duplex is located in North Myrtle Beach, South Carolina, and is described as a short stroll from the Atlantic Ocean. The upstairs unit is currently rented, providing immediate rental income. The property has no HOA and includes a storage shed for additional storage needs.
Buyer is responsible for verifying all details. Square footage is approximate and not guaranteed.
Key Highlights
- Duplex built around 1970 with approx. 1,736 heated SF total
- Two units: each offers 2 bedrooms and 1 bathroom
- Upstairs unit includes a private balcony; upstairs is currently rented for immediate income
Local Financial Insights For Multifamily LT 5
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 | $26.7k | $15.36 |
| − Vacancy | −$1.3k | −$0.77 |
| EGI | $25.3k | $14.59 |
| − OpEx | −$7.6k | −$4.38 |
| NOI | $17.7k | $10.21 |
1,736 SF · lease $15.36/SF/yr · vacancy 5.00% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom, 1-bath units and recent HVAC, roof, and interior updates.
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: Duplex built around 1970 with approx. 1,736 heated SF total; Two units: each offers 2 bedrooms and 1 bathroom; Upstairs unit includes a private balcony; upstairs is currently rented for immediate income
