Duplex With Ocean
For Sale
$789,900
6210 Nixon St., North Myrtle Beach, SC 29582
Two separate living areas offer flexibility for occupancy or rental use.
Property Size2,280 SF
Price / SF$346.45
Days on Market280
Property Features for 6210 Nixon St.
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Multi Family Home
Zoning
R-2A
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Furnished
Yes
Amenities
balcony
kayak/paddleboard access
Building Details
Building Size
2,280 SF
Year Built
1940
Buildings
1
Units
2
Listing Agency:
Latitude Realty
Listed By:
Nathan Cook · License #90431
(757) 567-5607
Source:
Gabrielfinancial
Added: Jan 23
Changed: Oct 29
Last Checked: Oct 30 at 12:47AM
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 Latitude Realty
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Investment Insights
Based on property information with market context.
This 2,280-square-foot duplex has six bedrooms, four bathrooms and two kitchens, arranged as separate three-bedroom, two-bathroom living spaces on the second and third floors. The property has ocean and creek views, along with large rear balconies. Original features include one-inch tongue-and-groove paneling and red oak floors; the kitchens, bathrooms and fixtures have been updated. Both HVAC systems were replaced after 2020, and a seawall was installed in 2021. The home is being sold furnished.
At 6210 Nixon St. in North Myrtle Beach, the property is three homes from the northernmost point of Cherry Grove Beach. A creek runs directly behind the home, providing kayak and paddleboard access to Cherry Grove Point when the tide allows. Zoning is R-2A.
At 6210 Nixon St. in North Myrtle Beach, the property is three homes from the northernmost point of Cherry Grove Beach. A creek runs directly behind the home, providing kayak and paddleboard access to Cherry Grove Point when the tide allows. Zoning is R-2A.
Key Highlights
- 6 bedrooms, 4 bathrooms and 2 kitchens across two separate living spaces
- Each living area has 3 bedrooms and 2 bathrooms on the second or third floor
- 2,280 square feet; built in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,289
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,780
$465.8K
Cap Rate 7%
$332,700
$332.7K
Cap Rate 9%
$258,767
$258.8K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$35.0K $15.36/SF
− Vacancy
−$1.8K −$0.77/SF
EGI
$33.3K $14.59/SF
− OpEx
−$10.0K −$4.38/SF
NOI
$23.3K $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%
$465,780
Cap Rate 7%
$332,700
Cap Rate 9%
$258,767
Alternative Uses
Best Use
Multifamily LT 5
$332.7K
$291.1K – $388.2K
NOI $23,289 @ 7.0% cap · market cap 2.95%
Second Best
Apartment 5plus
$300.7K
$263.1K – $350.8K
NOI $21,047 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$577.8K
$505.6K – $674.2K
NOI $40,449 @ 7.0% cap · market cap 5.12%
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
68
Businesses Nearby
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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 - Two separate living areas offer flexibility for occupancy or rental use.
Where is this duplex located?
The property is located at 6210 Nixon St. North Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: 6 bedrooms, 4 bathrooms and 2 kitchens across two separate living spaces; Each living area has 3 bedrooms and 2 bathrooms on the second or third floor; 2,280 square feet; built in 1940
