600 17th Ave. N Myrtle Beach, SC 29577
MULTI_FAMILY - Myrtle Beach, SC
- Added:
- Jan 5, 2026
- Days on Market:
- 187
- Last Refresh:
- Jul 11 at 10:06 am
Property Features for 600 17th Ave. N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Standard status
- Active
- Size
- 5,770 SF
- Lot size
- 0.27 Acres
Utilities
- Utilities
- Cable Available
Building Details
- Year built
- 1965
- Number of units
- 6
Listing agent Jeff Forman License #111037 (843) 902-4325
Listing office Keller Williams The Forturro Group Myrtle Beach, SC (843) 443-9400
Listing date Jan 5, 2026
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.
600 17th Ave. N is located in the heart of Myrtle Beach’s downtown rental market, just blocks from the Myrtle Beach Boardwalk and within close reach of Main Street shopping, dining, and entertainment corridors. The location supports year-round demand from both long-term residents and vacation renters drawn to the area’s proximity to the Atlantic Ocean, with strong walkability and an address in the 29577 zip code.
For investors, this is a compelling value-add opportunity with practical upside through unit renovations, operational improvements, or strategic leasing initiatives. Whether you’re looking to hold the building as a core rental property or reposition it as a more boutique income portfolio, the combination of established rental demand and central access supports a focused plan for improving income and sustaining performance over time.
Key Highlights
- Prime location in Myrtle Beach's downtown rental market, blocks from the Boardwalk, Main Street, shopping, dining, and entertainment.
- Immediate cash flow from 6 income‑producing residential units with long‑term appreciation potential.
- Significant value‑add upside through unit renovations, operational improvements, or strategic leasing.
Local Financial Insights For Apartment 5plus
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 | $101.1k | $17.52 |
| − Vacancy | −$4.2k | −$0.74 |
| EGI | $96.8k | $16.78 |
| − OpEx | −$43.6k | −$7.55 |
| NOI | $53.3k | $9.23 |
