4-Unit Residential
For Sale
$849,900
7201 Porcher Dr., Myrtle Beach, SC 29572
RMH zoning and a setting a few blocks from the ocean define this residential property.
Property Size4,423 SF
Price / SF$192.15
Days on Market257
Property Features for 7201 Porcher Dr.
General Information
Standard status
Active
Size
4,423 SF
Property subtype
Multi Family Home
Zoning
RMH
Additional Details
Multifamily Units
4
Building Details
Building Size
4,423 SF
Year Built
1973
Units
4
Listing Agency:
BeachConnection Realty
Listed By:
Halie Collins · License #116585
(843) 900-4889
Source:
Gabrielfinancial
Added: Feb 9
Changed: Oct 23
Last Checked: Oct 23 at 4:59PM
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 BeachConnection Realty
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Investment Insights
Based on property information with market context.
This four-unit residential property was built in 1973 and is zoned RMH. Its configuration offers a residential income-property profile, with no specific rental or occupancy details provided.
The property is a few blocks from the ocean in Myrtle Beach. Restaurants, golf, and local attractions are also nearby.
The property is a few blocks from the ocean in Myrtle Beach. Restaurants, golf, and local attractions are also nearby.
Key Highlights
- Four‑unit residential property
- RMH zoning
- Built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,178
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,560
$903.6K
Cap Rate 7%
$645,400
$645.4K
Cap Rate 9%
$501,978
$502.0K
Market Conditions
NOI Build-Up for 4,423 SF
Gross rent
$67.9K $15.36/SF
− Vacancy
−$3.4K −$0.77/SF
EGI
$64.5K $14.59/SF
− OpEx
−$19.4K −$4.38/SF
NOI
$45.2K $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%
$903,560
Cap Rate 7%
$645,400
Cap Rate 9%
$501,978
Alternative Uses
Best Use
Multifamily LT 5
$645.4K
$564.7K – $753.0K
NOI $45,178 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$583.3K
$510.4K – $680.5K
NOI $40,830 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$1.12M
$980.9K – $1.31M
NOI $78,468 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
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Business Placement
Demographics for 29572, SC
10,711
Population
14,313
Households
0.7
Avg Household Size
57
Median Age
43%
College-Educated
95%
High-School Grad
8.9 sq mi
ZIP Area
1,203
Density / Sq Mi
$75,388
Median Household Income
$36,121
Median Earnings
$1,148
Median Rent
$385,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - RMH zoning and a setting a few blocks from the ocean define this residential property.
Where is this quadplex located?
The property is located at 7201 Porcher Dr. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Four‑unit residential property; RMH zoning; Built in 1973
