Duplex with Private
For Sale
$799,000
581 Bend Ave., Murrells Inlet, SC 29576
Both residences include fenced outdoor space and patios, with no homeowners association.
Property Size3,205 SF
Price / SF$249.30
Days on Market131
Property Features for 581 Bend Ave.
General Information
Standard status
Active
Size
3,205 SF
Property subtype
Multi Family Home
Zoning
GR
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Amenities
private patio
fenced yard
Building Details
Building Size
3,205 SF
Year Built
2024
Buildings
1
Units
2
Listing Agency:
Gabriel Financial Real Estate
(843) 663-5335
Listed By:
Timothy H. Gabriel · License #10663
(843) 222-5335
Source:
Gabrielfinancial
Added: Jun 18
Changed: Oct 26
Last Checked: Oct 26 at 2:11PM
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 Gabriel Financial Real Estate
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Investment Insights
Based on property information with market context.
Completed in 2024, this GR-zoned duplex contains two matching residences. Each has three bedrooms and three full bathrooms, with two bedrooms and two bathrooms upstairs and one bedroom and bathroom on the main level. Interiors feature luxury vinyl plank flooring, white shaker kitchen cabinets, quartz countertops, and stainless steel appliances. Each home also has an open living area, a private patio, and a fenced yard. There is no homeowners association or monthly fee.
The property is in Murrells Inlet, within walking distance of the Marsh Walk. Crazy Sister Marina, a public boat ramp, Waccamaw Community Hospital, shopping, and Huntington Beach State Park are also nearby.
The property is in Murrells Inlet, within walking distance of the Marsh Walk. Crazy Sister Marina, a public boat ramp, Waccamaw Community Hospital, shopping, and Huntington Beach State Park are also nearby.
Key Highlights
- Two matching residences, each with 3 bedrooms and 3 full bathrooms
- Built in 2024; zoned GR
- Each residence has a private patio and fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,737
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,740
$654.7K
Cap Rate 7%
$467,671
$467.7K
Cap Rate 9%
$363,744
$363.7K
Market Conditions
NOI Build-Up for 3,205 SF
Gross rent
$49.2K $15.36/SF
− Vacancy
−$2.5K −$0.77/SF
EGI
$46.8K $14.59/SF
− OpEx
−$14.0K −$4.38/SF
NOI
$32.7K $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%
$654,740
Cap Rate 7%
$467,671
Cap Rate 9%
$363,744
Alternative Uses
Best Use
Multifamily LT 5
$467.7K
$409.2K – $545.6K
NOI $32,737 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$422.7K
$369.8K – $493.1K
NOI $29,586 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$812.3K
$710.7K – $947.7K
NOI $56,859 @ 7.0% cap · market cap 7.12%
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
803
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 - Both residences include fenced outdoor space and patios, with no homeowners association.
Where is this duplex located?
The property is located at 581 Bend Ave. Murrells Inlet, SC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two matching residences, each with 3 bedrooms and 3 full bathrooms; Built in 2024; zoned GR; Each residence has a private patio and fenced yard
