Single-Level
New
For Sale
$550,000
501 21st Ave. S, North Myrtle Beach, SC 29582
MULTI-FAMILY, North Myrtle Beach, SC
Property Size2,301 SF
Price / SF$239.03
Days on Market5
Property Features for 501 21st Ave. S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Subdivision
Crescent Beach
Lot features
Corner, Rectangular, East of Bus. 17, Inside City Limits, East of Highway 17 Bypass
Elementary school
Ocean Drive Elementary
Middle school
North Myrtle Beach Middle School
High school
North Myrtle Beach High School
Standard status
Active
Size
2,301 SF
Utilities
Utilities
Cable Available
Building Details
Year built
1976
Number of units
2
Buildings
1
Listing Agency:
REMAX Southern Shores · RE/MAX International
(843) 839-0200
Listed By:
Courtney Bergman · License #45962
(843) 424-2718
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 30 at 2:06AM
MLS# 2626138
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 single-level duplex contains two separate residences with a combined 2,301 square feet, four bedrooms, and three full bathrooms. The larger unit has two bedrooms and two baths, including an en-suite bathroom; its kitchen includes a breakfast bar and dining area. The second residence has two bedrooms, one bath, an eat-in kitchen, and a living room. Both units have front and side porches, washer and dryer hookups, and two entrances. Brick accent walls and fireplaces are present in the living rooms, and the larger unit also has a deck and a small fenced yard.
Set on a corner lot at 501 21st Ave. S in North Myrtle Beach, the property is approximately 700 feet from beach access on 21st Avenue S. Built in 1976, it offers a two-unit layout with distinct indoor and outdoor areas.
Set on a corner lot at 501 21st Ave. S in North Myrtle Beach, the property is approximately 700 feet from beach access on 21st Avenue S. Built in 1976, it offers a two-unit layout with distinct indoor and outdoor areas.
Key Highlights
- Two‑unit duplex with 2,301 square feet
- Combined layout includes 4 bedrooms and 3 full baths
- Single‑level building constructed in 1976
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,503
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,060
$470.1K
Cap Rate 7%
$335,757
$335.8K
Cap Rate 9%
$261,144
$261.1K
Market Conditions
NOI Build-Up for 2,301 SF
Gross rent
$35.3K $15.36/SF
− Vacancy
−$1.8K −$0.77/SF
EGI
$33.6K $14.59/SF
− OpEx
−$10.1K −$4.38/SF
NOI
$23.5K $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%
$470,060
Cap Rate 7%
$335,757
Cap Rate 9%
$261,144
Alternative Uses
Best Use
Multifamily LT 5
$335.8K
$293.8K – $391.7K
NOI $23,503 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$303.4K
$265.5K – $354.0K
NOI $21,241 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$583.2K
$510.3K – $680.4K
NOI $40,822 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
553
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 distinct residences offer separate kitchens, living areas, and outdoor spaces.
Where is this duplex located?
The property is located at 501 21st Ave. S North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,301 square feet; Combined layout includes 4 bedrooms and 3 full baths; Single‑level building constructed in 1976
