Turn-Key Myrtle Beach Investment
818 Bay St. Myrtle Beach, SC 29577
818 Bay St., Myrtle Beach, SC, 29577
$999,000
For Sale
$999,000
MULTI_FAMILY - Myrtle Beach, SC
Property Size3,944 SF
Price / SF$253.30
Days on Market254
Property Features for 818 Bay St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Standard status
- Active
- Size
- 3,944 SF
Building Details
- Year built
- 1970
- Number of units
- 6
Listing Agency
Own Myrtle Real Estate
(516) 233-0601
Myrtle Beach, SC
Listed by
Ester Esti Simantov
(843) 457-9780
Added: Nov 5, 2025 Checked: Jul 17 at 9:06 am
MLS# 2526741
Listing URL
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 is a turn-key, fully renovated six-unit property, with each unit featuring 2 bedrooms and 1 bathroom. The property is fully rented, providing immediate cash flow. Located in Myrtle Beach, South Carolina, the property offers an excellent location, a strong tenant base, and solid long-term appreciation. The property size is 3,944 square feet. It is a hassle-free, income-producing asset. This property can be purchased together with an additional 3-unit building located at 831 Bay Street, owned by the same seller, presenting an opportunity to expand your portfolio with multiple income-generating assets.
Key Highlights
- Turn‑key, fully renovated 6‑unit property.
- Each unit is 2BR/1BA and fully rented, providing immediate cash flow.
- Excellent Myrtle Beach location.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.1k | $17.52 |
| − Vacancy | −$2.9k | −$0.74 |
| EGI | $66.2k | $16.78 |
| − OpEx | −$29.8k | −$7.55 |
| NOI | $36.4k | $9.23 |
3,944 SF · lease $17.52/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$520.1K
$455.1K – $606.8K
NOI $36,408 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$999.6K
$874.6K – $1.17M
NOI $69,970 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fully renovated six-unit property in prime Myrtle Beach location.
Where is this apartment building located?
The property is located at 818 Bay St. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Turn‑key, fully renovated 6‑unit property.; Each unit is 2BR/1BA and fully rented, providing immediate cash flow.; Excellent Myrtle Beach location.
