Renovated
831 Bay St., Myrtle Beach, SC 29577
For Sale
$435,000
MULTI-FAMILY, Myrtle Beach, SC
Property Size2,016 SF
Price / SF$215.77
Days on Market372
Property Features for 831 Bay St.
General Information
Property type
Property subtype
Parking features
Elementary school
Middle school
High school
Subdivision
Standard status
Size
Building Details
Year built
Number of units
Listing Agency:
Own Myrtle Real Estate
(516) 233-0601
Listed By:
Ester Esti Simantov
(843) 457-9780
Added: Nov 5, 2025
Changed: Oct 8
Last Checked: Nov 11 at 1:06PM
MLS# 2526740
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.
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Investment Insights
Based on property information with market context.
This 2016-square-foot triplex contains three residential units, with each unit offering two bedrooms and one bathroom. The property was built in 1970 and has undergone a full renovation, providing a refreshed configuration for residential occupancy. Assigned parking is included.
All three units are currently rented, giving the property an established rental profile. The asset is located at 831 Bay St. in Myrtle Beach, South Carolina, within Horry County and ZIP code 29577. The property may also be purchased together with a separate six-unit building at 818 Bay Street owned by the same seller.
All three units are currently rented, giving the property an established rental profile. The asset is located at 831 Bay St. in Myrtle Beach, South Carolina, within Horry County and ZIP code 29577. The property may also be purchased together with a separate six-unit building at 818 Bay Street owned by the same seller.
Key Highlights
- Three‑unit triplex with 2 bedrooms and 1 bathroom in each unit
- 2016 square feet of residential property
- Fully renovated property originally built in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,592
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,840
$411.8K
Cap Rate 7%
$294,171
$294.2K
Cap Rate 9%
$228,800
$228.8K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$31.0K $15.36/SF
− Vacancy
−$1.5K −$0.77/SF
EGI
$29.4K $14.59/SF
− OpEx
−$8.8K −$4.38/SF
NOI
$20.6K $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%
$411,840
Cap Rate 7%
$294,171
Cap Rate 9%
$228,800
Alternative Uses
Best Use
Multifamily LT 5
$294.2K
$257.4K – $343.2K
NOI $20,592 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$265.9K
$232.6K – $310.2K
NOI $18,610 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$510.9K
$447.1K – $596.1K
NOI $35,765 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,270
Businesses Nearby
Explore this area
Business Placement
Demographics for 29577, SC
34,109
Population
22,630
Households
1.5
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
22.8 sq mi
ZIP Area
1,496
Density / Sq Mi
$48,561
Median Household Income
$33,591
Median Earnings
$1,130
Median Rent
$273,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Horry County, SC
Properties on Market for Triplexes in Horry County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Fully renovated three-unit property with assigned parking and all units currently rented.
Where is this triplex located?
The property is located at 831 Bay St. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Three‑unit triplex with 2 bedrooms and 1 bathroom in each unit; 2016 square feet of residential property; Fully renovated property originally built in 1970
