Duplex Property Near
New
For Sale
$699,000
918 Grey St., Myrtle Beach, SC 29577
MULTI-FAMILY, Myrtle Beach, SC
Property Size3,200 SF
Lot Size0.55 Acres
Price / SF$218.44
Days on Market3
Property Features for 918 Grey St.
General Information
Property type
Residential Multi Family
Property subtype
Other
Lot features
Rectangular, Designated Flood Zone, East of Highway 17 Bypass
Elementary school
Myrtle Beach Elementary School
Middle school
North Myrtle Beach Middle School
High school
Myrtle Beach High School
Subdivision
16G Myrtle Beach Area--Southern Limit to 10TH Ave N
Standard status
Active
Size
3,200 SF
Lot size
0.55 Acres
Utilities
Utilities
Cable Available
Building Details
Year built
1950
Number of units
4
Buildings
2
Listing Agency:
Own Myrtle Real Estate
(516) 233-0601
Listed By:
Ester Esti Simantov
(843) 457-9780
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 6 at 4:06AM
MLS# 2626781
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 residential property consists of two duplex buildings totaling 3,200 square feet. Each of the four units has two bedrooms and one bathroom. The buildings date to 1950, and the property encompasses approximately 0.55 acres within an Opportunity Zone.
The property is within Myrtle Beach city limits and less than one mile from the Atlantic Ocean. Shopping, restaurants, and entertainment are nearby. Cable service is available.
The property is within Myrtle Beach city limits and less than one mile from the Atlantic Ocean. Shopping, restaurants, and entertainment are nearby. Cable service is available.
Key Highlights
- Two duplex buildings with four units total
- 3,200 square feet on approximately 0.55 acres
- Each unit has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,686
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,720
$653.7K
Cap Rate 7%
$466,943
$466.9K
Cap Rate 9%
$363,178
$363.2K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$49.2K $15.36/SF
− Vacancy
−$2.5K −$0.77/SF
EGI
$46.7K $14.59/SF
− OpEx
−$14.0K −$4.38/SF
NOI
$32.7K $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%
$653,720
Cap Rate 7%
$466,943
Cap Rate 9%
$363,178
Alternative Uses
Best Use
Multifamily LT 5
$466.9K
$408.6K – $544.8K
NOI $32,686 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$422.0K
$369.3K – $492.3K
NOI $29,540 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$811.0K
$709.6K – $946.2K
NOI $56,771 @ 7.0% cap · market cap 8.12%
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
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,245
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Four two-bedroom, one-bathroom residences are arranged across two buildings.
Where is this duplex located?
The property is located at 918 Grey St. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two duplex buildings with four units total; 3,200 square feet on approximately 0.55 acres; Each unit has 2 bedrooms and 1 bathroom
