Brick
515 34th Ave. N, Myrtle Beach, SC 29577
For Sale
New
$299,900
Two separate 2-bedroom, 1-bath units offer options for rental or multigenerational occupancy.
Property Size1,421 SF
Price / SF$211.05
Days on Market2
Property Features for 515 34th Ave. N
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Stories
Construction
Listing Agency:
Realty Group Of South Carolina
(843) 742-7755
Listed By:
Greg Harrelson
(843) 405-3515
Source:
Gregharrelson
Added: Nov 14
Last Checked: Nov 14 at 2:20PM
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 Realty Group Of South Carolina
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Investment Insights
Based on property information with market context.
This one-story, all-brick duplex contains two units, each with 2 bedrooms and 1 bathroom. The layout can accommodate separate households or be combined into a single-family residence. The property was built in 1955 and is offered in as-is condition.
At 515 34th Ave. N in Myrtle Beach, the property is a few blocks from the beach. Golf cart access connects to local shopping and dining, with schools and services nearby. There is no HOA.
At 515 34th Ave. N in Myrtle Beach, the property is a few blocks from the beach. Golf cart access connects to local shopping and dining, with schools and services nearby. There is no HOA.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- One‑story, all‑brick construction
- Built in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,515
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,300
$290.3K
Cap Rate 7%
$207,357
$207.4K
Cap Rate 9%
$161,278
$161.3K
Market Conditions
NOI Build-Up for 1,421 SF
Gross rent
$21.8K $15.36/SF
− Vacancy
−$1.1K −$0.77/SF
EGI
$20.7K $14.59/SF
− OpEx
−$6.2K −$4.38/SF
NOI
$14.5K $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%
$290,300
Cap Rate 7%
$207,357
Cap Rate 9%
$161,278
Alternative Uses
Best Use
Multifamily LT 5
$207.4K
$181.4K – $241.9K
NOI $14,515 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$187.4K
$164.0K – $218.6K
NOI $13,118 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$360.1K
$315.1K – $420.2K
NOI $25,210 @ 7.0% cap · market cap 8.41%
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
753
Businesses Nearby
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Business Placement
Demographics for 29577, SC
34,109
Population
22,630
Households
1.5
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
22.8 sq mi
ZIP Area
1,496
Density / Sq Mi
$48,561
Median Household Income
$33,591
Median Earnings
$1,130
Median Rent
$273,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Horry County, SC
Properties on Market for Duplexes in Horry County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate 2-bedroom, 1-bath units offer options for rental or multigenerational occupancy.
Where is this duplex located?
The property is located at 515 34th Ave. N Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; One‑story, all‑brick construction; Built in 1955
