Building Details

Year built 1973

Number of units 4

Listing Agency: BeachConnection Realty i***@beachconnection.com Show Phone

Listed By: Halie Collins Show Phone

Added: Feb 9 Changed: Aug 19 Last Checked: Oct 14 at 8:06PM

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MLS# 2603885

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 four-unit residential property offers 4,423 square feet in a quadplex configuration. Built in 1973, the asset is positioned for multifamily ownership in a coastal setting with proximity to the beach and area amenities.

The property is located at 7201 Porcher Dr. in Myrtle Beach, South Carolina, a few blocks from the ocean. Restaurants, golf, and the attractions associated with Myrtle Beach are also nearby, giving the property a location that combines residential use with access to established recreational and hospitality destinations.

Key Highlights

• Quadplex configuration with four residential units
• 4,423 square feet of property size
• 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 (±1% cap)

NOI $45,178 @ 7.0% cap · market cap 5.32%

Second Best

Apartment 5plus

$583.3K

$510.4K – $680.5K (±1% cap)

NOI $40,830 @ 7.0% cap · market cap 4.80%

Theoretical Best

Office A

$1.12M

$980.9K – $1.31M (±1% cap)

NOI $78,468 @ 7.0% cap · market cap 9.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Building Supply Auto Repair Shop Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

721

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Four-unit residential property near the beach, restaurants, golf, and Myrtle Beach attractions.

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: Quadplex configuration with four residential units; 4,423 square feet of property size; Built in 1973