Brick Duplex with Flexible
For Sale
$450,000
526 Boundary Ave., Murrells Inlet, SC 29576
MULTI-FAMILY, Murrells Inlet, SC
Property Size2,080 SF
Price / SF$216.35
Days on Market92
Property Features for 526 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
2,080 SF
Utilities
Utilities
Cable Available
Building Details
Year built
1985
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
Changed: Sep 3
Last Checked: Oct 30 at 2:06AM
MLS# 2619003
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 2,080-square-foot duplex contains two 2-bedroom, 2-bath residences within an all-brick structure built in 1985. Both units include spacious kitchens with substantial cabinet and counter areas. Separate electric meters serve the residences, while a shared water meter supports the property. There is no HOA, and each unit is occupied by an established long-term tenant under a month-to-month lease.
Short-term rentals are permitted, giving the property both conventional leasing and vacation-rental capability. The duplex is in Murrells Inlet within the Grand Strand, near beaches, shopping, dining, and entertainment. Cable is available at the property.
Short-term rentals are permitted, giving the property both conventional leasing and vacation-rental capability. The duplex is in Murrells Inlet within the Grand Strand, near beaches, shopping, dining, and entertainment. Cable is available at the property.
Key Highlights
- 2,080‑square‑foot duplex with two 2‑bedroom, 2‑bath units
- All‑brick construction completed in 1985
- Separate electric meters; one shared water meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,246
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,920
$424.9K
Cap Rate 7%
$303,514
$303.5K
Cap Rate 9%
$236,067
$236.1K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$31.9K $15.36/SF
− Vacancy
−$1.6K −$0.77/SF
EGI
$30.4K $14.59/SF
− OpEx
−$9.1K −$4.38/SF
NOI
$21.2K $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%
$424,920
Cap Rate 7%
$303,514
Cap Rate 9%
$236,067
Alternative Uses
Best Use
Multifamily LT 5
$303.5K
$265.6K – $354.1K
NOI $21,246 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$274.3K
$240.0K – $320.0K
NOI $19,201 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$527.2K
$461.3K – $615.0K
NOI $36,901 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units, separate electric meters, and month-to-month leases provide flexible rental arrangements.
Where is this duplex located?
The property is located at 526 Boundary Ave. Murrells Inlet, SC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,080‑square‑foot duplex with two 2‑bedroom, 2‑bath units; All‑brick construction completed in 1985; Separate electric meters; one shared water meter
