Two-Unit Duplex with Separate
For Sale
$449,000
726 Juniper Dr., Surfside Beach, SC 29575
MULTI-FAMILY, Surfside Beach, SC
Property Size2,344 SF
Price / SF$191.55
Days on Market97
Property Features for 726 Juniper Dr.
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Subdivision
Ocean 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
2,344 SF
Utilities
Utilities
Cable Available
Building Details
Year built
1980
Number of units
2
Listing Agency:
RE/MAX Southern Shores GC · RE/MAX International
(843) 357-0220
Listed By:
Hans Neugebauer · License #89546
(843) 999-2684
Added: May 22
Changed: Aug 19
Last Checked: Aug 26 at 9:06AM
MLS# 2613286
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 two-unit duplex is set up for independent living, with separate entrances for each unit. The upper unit is a 3-bedroom, 1-bath configuration, and the lower ground-floor unit offers 2 bedrooms and 1 bath. Both bedrooms in each unit provide access to a full bath through the bedroom layout, creating an efficient, interior flow for everyday use.
The property sits on a nice deep 120' lot with space that can support parking and outdoor living. It is located east of Business 17 in Surfside Beach, with the beaches described as reachable by a short 3/4-mile golf cart ride. The home is within the St. James school district.
For buyers seeking a residential income property, the duplex layout provides two distinct living spaces under one roof, which can simplify owner-occupant or investor scenarios. The combination of an upstairs 3-bedroom unit and a ground-floor 2-bedroom unit may appeal to tenants looking for flexible bedroom count while still maintaining the convenience of having both bathrooms accessible through the bedroom arrangement.
The property sits on a nice deep 120' lot with space that can support parking and outdoor living. It is located east of Business 17 in Surfside Beach, with the beaches described as reachable by a short 3/4-mile golf cart ride. The home is within the St. James school district.
For buyers seeking a residential income property, the duplex layout provides two distinct living spaces under one roof, which can simplify owner-occupant or investor scenarios. The combination of an upstairs 3-bedroom unit and a ground-floor 2-bedroom unit may appeal to tenants looking for flexible bedroom count while still maintaining the convenience of having both bathrooms accessible through the bedroom arrangement.
Key Highlights
- Year built 1980 duplex with two units and separate entrances
- Upper unit is 3 bed, 1 bath with direct access to a full bath through each bedroom
- Lower unit is 2 bed, 1 bath ground floor unit with access to a full bath through each bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,943
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$478,860
$478.9K
Cap Rate 7%
$342,043
$342.0K
Cap Rate 9%
$266,033
$266.0K
Market Conditions
NOI Build-Up for 2,344 SF
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.
Gross rent
$36.0K $15.36/SF
− Vacancy
−$1.8K −$0.77/SF
EGI
$34.2K $14.59/SF
− OpEx
−$10.3K −$4.38/SF
NOI
$23.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$478,860
Cap Rate 7%
$342,043
Cap Rate 9%
$266,033
Alternative Uses
Best Use
Multifamily LT 5
$342.0K
$299.3K – $399.1K
NOI $23,943 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$309.1K
$270.5K – $360.6K
NOI $21,638 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$594.1K
$519.8K – $693.1K
NOI $41,584 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
854
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex offering two independent units on a deep lot with room for parking and outdoor living.
Where is this duplex located?
The property is located at 726 Juniper Dr. Surfside Beach, SC.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Year built 1980 duplex with two units and separate entrances; Upper unit is 3 bed, 1 bath with direct access to a full bath through each bedroom; Lower unit is 2 bed, 1 bath ground floor unit with access to a full bath through each bedroom
