Myrtle Beach Multifamily
600 17th Ave. N, Myrtle Beach, SC 29577
MULTI_FAMILY - Myrtle Beach, SC
Type:Apartment
Property size:
5,770 SFLot size:
0.27 AcresPrice / SF:
$130/SF- Added:
- Jan 5, 2026
- Days on Market:
- 136
- Last Refresh:
- May 21 at 6:06 pm
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
MLS# 2600288
Listing URL
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.
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.
- High‑demand coastal location attracts both long‑term residents and vacation renters.
- Substantial rentable space (over 5,700 sq ft) on a 0.27‑acre lot.
- Strong walkability score and central address in the 29577 zip code.
Overview
This six-unit apartment building is located in the heart of Myrtle Beach's downtown rental market. The property sits on approximately 0.27 acre and delivers over 5,700 sq ft of rentable space. The low-rise configuration maximizes unit efficiency and tenant appeal. Located just blocks from the Myrtle Beach Boardwalk, Main Street, shopping, dining and entertainment corridors, this asset benefits from year-round demand from both long-term residents and vacation renters drawn to the area's proximity to the Atlantic Ocean. With a strong walkability score and enviable central address in the 29577 zip code, the property is well positioned for rent growth and repositioning opportunities. This offering is ideal for investors seeking value-add upside through unit renovations, operational improvements or strategic leasing initiatives. It is located in Horry County, South Carolina.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$591.8K
NOI $53,265 @ 9.00% cap · cautious / downside scenario
Moderate
$760.9K
NOI $53,265 @ 7.00% cap · market / base-case scenario
Aggressive
$1.07M
NOI $53,265 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| 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 |
5,770 SF · lease $17.52/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$760.9K
$665.8K – $887.8K
NOI $53,265 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,364 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Myrtle Beach
- County
- Horry
- State
- South Carolina
- Longitude
- -78.876403
- Latitude
- 33.700543
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit apartment building in Myrtle Beach's downtown rental market.
Where is this apartment building located?
The property is located at 600 17th Ave. N Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $755,000.
What are key features of this property?
This property features: 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.
