All-Brick Duplex with Flexible
New
For Sale
$700,000
520 Boundary Ave., Murrells Inlet, SC 29576
MULTI_FAMILY - Murrells Inlet, SC
Property Size2,781 SF
Price / SF$251.71
Days on Market1
Property Features for 520 Boundary Ave.
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Lot features
Rectangular, East of Bus. 17
Elementary school
Seaside Elementary School
Middle school
Saint James Middle School
High school
Saint James High School
Subdivision
27A Garden City Mainland & Pennisula
Standard status
Active
Size
2,781 SF
Utilities
Utilities
Cable Available
Building Details
Year built
1984
Number of units
2
Listing Agency:
Century 21 The Harrelson Group · Century 21 Real Estate
(843) 903-3550
Listed By:
Adam Levy · License #133902
(843) 995-7868
Added: Jul 31
Last Checked: Jul 31 at 6:06PM
MLS# 2618992
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 all-brick duplex offers two separate 2-bedroom, 2-bath units. Each unit includes a spacious kitchen with ample cabinet and counter space. The property has separate electric meters for each unit, while sharing one water meter. One unit is approximately 1,300 SF and the other is about 1,500 SF, and both feature established long-term tenants on month-to-month leases. Short-term rentals are permitted, giving additional flexibility for vacation rental use.
Built in 1984, the duplex is described as well-maintained and offers a total size of 2,781 SF. Cable service is available.
The combination of durable brick construction, separate electric metering, and month-to-month tenancy structure supports use as an income-focused duplex with both long-term and short-term rental possibilities.
Built in 1984, the duplex is described as well-maintained and offers a total size of 2,781 SF. Cable service is available.
The combination of durable brick construction, separate electric metering, and month-to-month tenancy structure supports use as an income-focused duplex with both long-term and short-term rental possibilities.
Key Highlights
- All‑brick duplex with two 2‑bedroom, 2‑bath units
- Approx. 1,300 SF and 1,500 SF unit sizes
- Separate electric meters; shares one water meter
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 | $42.7k | $15.36 |
| − Vacancy | −$2.1k | −$0.77 |
| EGI | $40.6k | $14.59 |
| − OpEx | −$12.2k | −$4.38 |
| NOI | $28.4k | $10.21 |
2,781 SF · lease $15.36/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$405.8K
$355.1K – $473.4K
NOI $28,406 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$366.7K
$320.9K – $427.9K
NOI $25,672 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$704.8K
$616.7K – $822.3K
NOI $49,337 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
Business Placement
Demographics for 29576, SC
32,476
Population
22,097
Households
1.5
Avg Household Size
61
Median Age
32%
College-Educated
96%
High-School Grad
30.5 sq mi
ZIP Area
1,065
Density / Sq Mi
$70,343
Median Household Income
$36,352
Median Earnings
$1,467
Median Rent
$315,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - All-brick duplex with two 2-bedroom units, separate electric meters, and flexible long- or short-term rental options.
Where is this duplex located?
The property is located at 520 Boundary Ave. Murrells Inlet, SC.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: All‑brick duplex with two 2‑bedroom, 2‑bath units; Approx. 1,300 SF and 1,500 SF unit sizes; Separate electric meters; shares one water meter
