Renovated Multifamily Income
818 Bay St. Myrtle Beach, SC 29577
818 Bay St., Myrtle Beach, SC, 29577
$1,398,000
For Sale
$1,398,000
MULTI_FAMILY - Myrtle Beach, SC
Property Size5,960 SF
Price / SF$234.56
Days on Market254
Property Features for 818 Bay St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Standard status
- Active
- Size
- 5,960 SF
Building Details
- Year built
- 1972
- Number of units
- 9
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 7:06 am
MLS# 2526739
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 for-sale portfolio includes two fully renovated income-producing apartment buildings: a 3-unit building at 831 Bay St and a 6-unit building at 818 Bay St. Each unit features a 2-bedroom, 1-bathroom layout. The units are tenant-occupied, offering continuity of occupancy at the time of purchase.
Both properties are positioned on Bay St in Myrtle Beach, South Carolina, within Horry County. With two separate buildings comprising a total of nine residential units, the portfolio structure supports ownership of multiple revenue-producing assets under one umbrella.
For buyers seeking a renovated multifamily portfolio, this offering provides a consistent unit mix across buildings, with the same 2-bedroom, 1-bath configuration throughout the portfolio. Tenant-occupied units can be attractive for operators and investors looking to acquire more than one asset at once, while keeping the overall property profile straightforward and uniform. Portfolio ownership may also appeal to those who prefer managing a small set of buildings that are already renovated and currently occupied.
Both properties are positioned on Bay St in Myrtle Beach, South Carolina, within Horry County. With two separate buildings comprising a total of nine residential units, the portfolio structure supports ownership of multiple revenue-producing assets under one umbrella.
For buyers seeking a renovated multifamily portfolio, this offering provides a consistent unit mix across buildings, with the same 2-bedroom, 1-bath configuration throughout the portfolio. Tenant-occupied units can be attractive for operators and investors looking to acquire more than one asset at once, while keeping the overall property profile straightforward and uniform. Portfolio ownership may also appeal to those who prefer managing a small set of buildings that are already renovated and currently occupied.
Key Highlights
- Portfolio of two income‑producing properties (3‑unit and 6‑unit) in a prime Myrtle Beach location.
- Fully renovated units, each with 2 bedrooms and 1 bathroom.
- All units are tenant‑occupied, providing immediate cash flow.
Local Financial Insights For Multifamily LT 5
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 | $91.5k | $15.36 |
| − Vacancy | −$4.6k | −$0.77 |
| EGI | $87.0k | $14.59 |
| − OpEx | −$26.1k | −$4.38 |
| NOI | $60.9k | $10.21 |
5,960 SF · lease $15.36/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$869.7K
$761.0K – $1.01M
NOI $60,878 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$786.0K
$687.7K – $917.0K
NOI $55,018 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,735 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Portfolio of tenant-occupied 3-unit and 6-unit buildings, with renovated 2-bed, 1-bath units across both properties.
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 $1,398,000.
What are key features of this property?
This property features: Portfolio of two income‑producing properties (3‑unit and 6‑unit) in a prime Myrtle Beach location.; **Fully renovated units, each with 2 bedrooms and 1 bathroom.**; All units are tenant‑occupied, providing immediate cash flow.
