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    400 Hillside Dr S North Myrtle Beach, SC 29582

    Sponsored
    For Sale
    $1,933,000

    Duplex - North Myrtle Beach, SC

    Type:Duplex
    Property size:
    11,000 SF
    Days on Market:
    5
    Last Refresh:
    Jan 18 at 1:06 am

    Property Features for 400 Hillside Dr S

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Parking features
    Other
    Interior features
    Smoke/Heat Detector
    Exterior features
    Smoke/Heat Detector
    Size
    11,000 SF

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2006
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Liat Edri
    Liat Edri

    Realty ONE Group Dockside (843) 492-4030 [email protected]

    Listing agent Liat Edri (843) 492-4030

    Listing date Jan 14, 2026

    MLS# 2524372 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.

    Learn more

    Property Insight Report

    Overview

    North Myrtle Beach Rental Machine

    Located at 400 Hillside Drive South, North Myrtle Beach, SC, this duplex offers a coastal living experience and rental income potential. Each unit features 8 bedrooms and 7 bathrooms, totaling 16 bedrooms and 14 bathrooms across the entire property. The duplex spans approximately 11,000 square feet under roof and is situated one block from the beaches of North Myrtle Beach. Each unit boasts a generous floor plan designed to accommodate large groups, making it suitable for family gatherings or investment as a vacation rental. The seller has secured reservations for 2026, with advance payments to be credited to the buyer at closing. Both units are equipped with private elevators, ensuring easy access across all floors. The property also features a private pool. There is no Homeowners Association (HOA). The property is conveniently situated near shopping centers and dining establishments. Nearby attractions include Barefoot Landing, Alligator Adventure, Alabama Theatre, and The Carolina Opry. Recreational opportunities are available at the North Myrtle Beach Park and Sports Complex, along with water and fishing activities. Main Street, North Myrtle Beach, offers boutique shops, eateries, and entertainment. McLeod Seacoast Hospital is located within a short drive. The property has a new roof (2023) and all 6 HVAC units are new. Each unit has its own private elevator and parking spaces. The first two floors hold the bedrooms with 3 baths on each level. The top floor has the common area with game rooms, living rooms, open kitchens, one additional full bath each, and laundry rooms. The property also offers six large balconies, a grilling area, and a pool surround nestled into a hill for added privacy. It is located only 4 blocks to Main Street North Myrtle Beach. New furniture and LVP flooring have been installed. Proven income history is available for qualified buyers. Short term and long term rentals are allowed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.6771873
    Latitude
    33.8182024

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    FAQs

    What type of property is this?
    Duplex - Duplex near the beach with strong rental income potential.
    Where is this duplex located?
    The property is located at 400 Hillside Dr S North Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $1,933,000.
    What are key features of this property?
    This property features: - Exceptional Rental Income Potential: Proven income history with substantial pre-paid reservations for 2026, credited to the buyer at closing.; - Large Capacity: Featuring 16 bedrooms and 14 bathrooms across two units.; - Prime Location: One block from the beach in North Myrtle Beach, close to shopping, dining, and attractions.
    (843) 222-6357
    Request Owner's contact information
    400 Hillside Dr S North Myrtle Beach, SC 29582
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    North Myrtle Beach, SC 29582
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 Hillside Dr S North Myrtle Beach, SC 29582
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    We can help!
    Listing Contact
    Liat Edri
    Liat Edri
    Real Estate License ID: 59354
    (843) 222-6357
    Learn more
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