Six-Unit Apartment
611 4th Ave. N Myrtle Beach, SC 29577
611 4th Ave. N, Myrtle Beach, SC, 29577
$600,000
For Sale
$600,000
MULTI_FAMILY - Myrtle Beach, SC
Property Size3,936 SF
Price / SF$152.44
Days on Market193
Property Features for 611 4th Ave. N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Standard status
- Active
- Size
- 3,936 SF
Utilities
- Utilities
- Cable Available
Building Details
- Year built
- 1960
- Number of units
- 6
Listing Agency
Keller Williams The Forturro Group
(843) 443-9400
Myrtle Beach, SC
Listed by
Jeff Forman · License #111037
(843) 902-4325
Added: Jan 5 Checked: Jul 17 at 7:06 am
MLS# 2600311
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.
Investment Insights
Based on property information with market context.
This for-sale six-unit apartment building at 611 4th Ave. N, Myrtle Beach, SC includes approximately 3,936 heated square feet and was built in 1977. The unit mix consists of one-bedroom and two-bedroom apartments, providing a diversified layout across the property.
The building is located east of Highway 17 in the downtown hotel district. The public remarks indicate it is within walking distance to the beach, restaurants, shopping, and entertainment.
The offering is described as providing immediate income, with potential for additional value through rent optimization, cosmetic upgrades, and modernized interiors. Prospective buyers should review the property for tenant and unit-specific details and confirm all income and improvement assumptions.
The building is located east of Highway 17 in the downtown hotel district. The public remarks indicate it is within walking distance to the beach, restaurants, shopping, and entertainment.
The offering is described as providing immediate income, with potential for additional value through rent optimization, cosmetic upgrades, and modernized interiors. Prospective buyers should review the property for tenant and unit-specific details and confirm all income and improvement assumptions.
Key Highlights
- Prime central Myrtle Beach location in the desirable 29577 zipcode.
- Walking distance to the beach, restaurants, shopping, and entertainment.
- 6‑unit multifamily property with a mix of two‑bedroom and one‑bedroom units.
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 | $69.0k | $17.52 |
| − Vacancy | −$2.9k | −$0.74 |
| EGI | $66.1k | $16.78 |
| − OpEx | −$29.7k | −$7.55 |
| NOI | $36.3k | $9.23 |
3,936 SF · lease $17.52/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$519.1K
$454.2K – $605.6K
NOI $36,334 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$997.5K
$872.9K – $1.16M
NOI $69,828 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Six-unit multifamily property built in 1977 with a mix of one- and two-bedroom units in central Myrtle Beach.
Where is this apartment building located?
The property is located at 611 4th Ave. N Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Prime central Myrtle Beach location in the desirable 29577 zipcode.; Walking distance to the beach, restaurants, shopping, and entertainment.; 6‑unit multifamily property with a mix of two‑bedroom and one‑bedroom units.
