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406 5th Ave N Myrtle Beach, SC 29577
$785,000
ACTIVE UNDER CONTRACTBeds
Baths
0
Sqft
6,400
Acres
Year
1982
Days on Site
60
Property Type
Residential
Sub Type
Apartment
Per Square Foot
$123
Date Listed
Jan 3, 2026
Description of 406 5th Ave N, Myrtle Beach, SC 29577
Listing details for 406 5th Ave N, Myrtle Beach, SC 29577 : Located in the heart of Downtown Myrtle Beach, 406 5th Ave N is a rare coastal multifamily investment comprised of six condominium regime units with individual tax IDs and meters, offering substantial income and growth potential just blocks from the Atlantic Ocean. Structured with two-story 2-bed/1.5-bath footprints, these units feature desirable layouts with private courtyards, granite countertops, laminate flooring, and washer/dryer hookups. Positioned east of Hwy 17 in a highly walkable 29577 neighborhood, this asset benefits from strong demand for rental housing, easy access to the beach, boardwalk, eateries, and retail, and consistent rental appeal with unit rents typically in the higher tier of the market. Previously sold as both individual condos and as a portfolio parcel, 406 5th Ave N presents investors with stable cash flow today and meaningful upside through updated renovations, interior modernization, and operational re-positioning that can boost rents and enhance overall valuation. With its combination of size, configuration, and proximity to coastal attractions, this property offers a compelling opportunity for a long-term multifamily hold, condo regime rental strategy, or seasonal rental conversion. Check it out TODAY!
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Listing Updated : 03-27-2026 at 12:40 AM EDT
Property Details
Overview
Status
Active Under Contract
MLS #ID
2600190
Price
$785,000
Bedrooms
Bathrooms
0
Square Footage
6,400
Acres
Year
1982
Days on Site
60
Property Type
Residential
Property Sub Type
Apartment
Price per Sq Ft
$123
Date Listed
Jan 3, 2026
Community Information for 406 5th Ave N, Myrtle Beach, SC 29577
Address
406 5th Ave N
City
State
South Carolina
Zip Code
County
Subdivision
Schools
Utilities
Water Source
Public
Interior
Heating
Central and Electric
Cooling
CentralAir
Fireplace
No
Exterior
Roof
Foundation
Slab
HOA
Has HOA
None
Additional Information
Styles
Price per Sq Ft
$123
Show More
Source
CCAR MLS, MLS#: 2600190
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