Furnished Three-Unit
For Sale
$679,900
509 Hillside Dr. S, North Myrtle Beach, SC 29582
Three private residences are arranged across two structures, each with its own entrance and access to a shared courtyard.
Property Size3,034 SF
Price / SF$224.09
Days on Market253
Property Features for 509 Hillside Dr. S
General Information
Standard status
Active
Size
3,034 SF
Property subtype
Multi Family Home
Zoning
R-4
Units
Unit Mix
2 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units
3
Additional Details
Furnished
Yes
Amenities
private courtyard
fountain
swing
outdoor bar
outdoor shower
Building Details
Building Size
3,034 SF
Year Built
1955
Buildings
2
Units
3
Construction
cabin-style
Listing Agency:
Beycome Brokerage Realty LLC
Listed By:
Steven Koleno · License #3469487
(844) 239-2663
Source:
Browncokerrealty
Added: Feb 12
Changed: Oct 22
Last Checked: Oct 22 at 2:42PM
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 Beycome Brokerage Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,034-square-foot triplex at 509 Hillside Dr. S in North Myrtle Beach contains three private units in two structures. Units A and B each have two bedrooms and one bathroom; Unit C has two bedrooms and two bathrooms. The property was built in 1955, is zoned R-4, and is offered furnished. Improvements include a new roof, recently installed HVAC, updated electrical and plumbing, and crawlspace encapsulation.
A shared courtyard links the structures and includes a fountain, swing, outdoor bar, and outdoor shower. The beach is a short walk away. The property is currently operated as a licensed Airbnb rental, and the owner holds Superhost status.
A shared courtyard links the structures and includes a fountain, swing, outdoor bar, and outdoor shower. The beach is a short walk away. The property is currently operated as a licensed Airbnb rental, and the owner holds Superhost status.
Key Highlights
- Three units across two separate structures, each with a private entrance
- 3,034 square feet; built in 1955; R‑4 zoning
- Unit A: 2 bedrooms and 1 bathroom; Unit B: 2 bedrooms and 1 bathroom; Unit C: 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,990
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,800
$619.8K
Cap Rate 7%
$442,714
$442.7K
Cap Rate 9%
$344,333
$344.3K
Market Conditions
NOI Build-Up for 3,034 SF
Gross rent
$46.6K $15.36/SF
− Vacancy
−$2.3K −$0.77/SF
EGI
$44.3K $14.59/SF
− OpEx
−$13.3K −$4.38/SF
NOI
$31.0K $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%
$619,800
Cap Rate 7%
$442,714
Cap Rate 9%
$344,333
Alternative Uses
Best Use
Multifamily LT 5
$442.7K
$387.4K – $516.5K
NOI $30,990 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$400.1K
$350.1K – $466.8K
NOI $28,008 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$768.9K
$672.8K – $897.1K
NOI $53,826 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three private residences are arranged across two structures, each with its own entrance and access to a shared courtyard.
Where is this triplex located?
The property is located at 509 Hillside Dr. S North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: Three units across two separate structures, each with a private entrance; 3,034 square feet; built in 1955; R‑4 zoning; Unit A: 2 bedrooms and 1 bathroom; Unit B: 2 bedrooms and 1 bathroom; Unit C: 2 bedrooms and 2 bathrooms
