Brick Duplex with Metal
For Sale
$475,000
608 22nd Ave. S, North Myrtle Beach, SC 29582
Both two-bedroom residences are rented through May 2027, with separate rear storage rooms.
Property Size1,800 SF
Price / SF$263.89
Days on Market264
Property Features for 608 22nd Ave. S
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi Family Home
Zoning
MF
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Building Size
1,800 SF
Year Built
1980
Buildings
1
Units
2
Construction
brick
Tenancy
Multi
Listing Agency:
CB Sea Coast Advantage MB
Listed By:
Dean Nikodemski · License #190821
(843) 449-9494
Source:
Gabrielfinancial
Added: Feb 2
Changed: Oct 23
Last Checked: Oct 23 at 5:27PM
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 CB Sea Coast Advantage MB
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Investment Insights
Based on property information with market context.
Built in 1980, this 1,800-SF duplex has a brick ranch-style exterior and two units, each with two bedrooms and one bathroom. LVP flooring, a metal roof, new water heaters, and rear storage rooms are among the property’s features. Unit A has an upgraded kitchen, fresh paint, and ceiling fans.
The property is at 608 22nd Ave. S in North Myrtle Beach, within walking distance of the ocean. Both apartments are rented through May 2027. The property is zoned MF.
The property is at 608 22nd Ave. S in North Myrtle Beach, within walking distance of the ocean. Both apartments are rented through May 2027. The property is zoned MF.
Key Highlights
- 1,800‑SF duplex with two 2‑bedroom, 1‑bath units
- Brick ranch‑style construction with a metal roof
- Unit A features an upgraded kitchen, paint, ceiling fans, and LVP flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,386
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,720
$367.7K
Cap Rate 7%
$262,657
$262.7K
Cap Rate 9%
$204,289
$204.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$27.6K $15.36/SF
− Vacancy
−$1.4K −$0.77/SF
EGI
$26.3K $14.59/SF
− OpEx
−$7.9K −$4.38/SF
NOI
$18.4K $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%
$367,720
Cap Rate 7%
$262,657
Cap Rate 9%
$204,289
Alternative Uses
Best Use
Multifamily LT 5
$262.7K
$229.8K – $306.4K
NOI $18,386 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$237.4K
$207.7K – $276.9K
NOI $16,616 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$456.2K
$399.2K – $532.2K
NOI $31,933 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Explore this area
Business Placement
Demographics for 29582, SC
18,897
Population
27,559
Households
0.7
Avg Household Size
62
Median Age
38%
College-Educated
94%
High-School Grad
21.9 sq mi
ZIP Area
863
Density / Sq Mi
$71,030
Median Household Income
$36,906
Median Earnings
$1,194
Median Rent
$370,700
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 two-bedroom residences are rented through May 2027, with separate rear storage rooms.
Where is this duplex located?
The property is located at 608 22nd Ave. S North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,800‑SF duplex with two 2‑bedroom, 1‑bath units; Brick ranch‑style construction with a metal roof; Unit A features an upgraded kitchen, paint, ceiling fans, and LVP flooring
