Separately Metered
New
For Sale
$599,000
624 Surfside Dr., Surfside Beach, SC 29575
MULTI-FAMILY, Surfside Beach, SC
Property Size3,126 SF
Price / SF$191.62
Days on Market1
Property Features for 624 Surfside Dr.
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Assigned
Subdivision
Lakewood Terrace
Lot features
Rectangular, East of Bus. 17, Inside City Limits
Elementary school
Seaside Elementary School
Middle school
Saint James Middle School
High school
Saint James High School
Standard status
Active
Size
3,126 SF
Utilities
Utilities
Cable Available
Building Details
Year built
1991
Number of units
2
Listing Agency:
Keller Williams Innovate South · Keller Williams Realty
(843) 443-9400
Listed By:
Jake Lee · License #59913
(843) 240-0431
Added: Oct 7
Last Checked: Oct 7 at 5:06PM
MLS# 2624664
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 3,126-square-foot duplex was built in 1991. Each side offers three bedrooms and two-and-a-half bathrooms, and the residences are separately tax mapped and metered. Assigned parking is provided, and cable is available.
The property is within walking distance of the ocean and is located in Surfside Beach, South Carolina.
The property is within walking distance of the ocean and is located in Surfside Beach, South Carolina.
Key Highlights
- 3,126 square feet in a duplex building
- Each side has 3 bedrooms and 2.5 bathrooms
- Each residence is separately tax mapped and metered
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,930
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,600
$638.6K
Cap Rate 7%
$456,143
$456.1K
Cap Rate 9%
$354,778
$354.8K
Market Conditions
NOI Build-Up for 3,126 SF
Gross rent
$48.0K $15.36/SF
− Vacancy
−$2.4K −$0.77/SF
EGI
$45.6K $14.59/SF
− OpEx
−$13.7K −$4.38/SF
NOI
$31.9K $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%
$638,600
Cap Rate 7%
$456,143
Cap Rate 9%
$354,778
Alternative Uses
Best Use
Multifamily LT 5
$456.1K
$399.1K – $532.2K
NOI $31,930 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$412.2K
$360.7K – $481.0K
NOI $28,857 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$792.3K
$693.2K – $924.3K
NOI $55,458 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
Explore this area
Business Placement
Demographics for 29575, SC
18,135
Population
16,761
Households
1.1
Avg Household Size
57
Median Age
33%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
1,778
Density / Sq Mi
$72,029
Median Household Income
$38,182
Median Earnings
$1,234
Median Rent
$278,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms and two-and-a-half bathrooms, with its own tax mapping and utility meter.
Where is this duplex located?
The property is located at 624 Surfside Dr. Surfside Beach, SC.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,126 square feet in a duplex building; Each side has 3 bedrooms and 2.5 bathrooms; Each residence is separately tax mapped and metered
