404 14th Ave. S, Myrtle Beach, SC 29577
- $1,250,000
- 6,736
- SqFt
- List Price
- $1,250,000
- Status
- ACTIVE
- MLS#
- 2603478
- Days on Market
- 168
- Property Type
- Apartment
- Total Square Feet
- 7,985
- Total Heated SqFt
- 6736
- Region
- 16g Myrtle Beach Area--Southern Limit To 10th Ave N
- Year Built
- 1954
Property Description
Investment Opportunity | 16-Unit Multifamily | 404 14th Ave S, Myrtle Beach, SC 29577 Located just a short walk from the ocean in the heart of Myrtle Beach, this 16-unit multifamily property presents a compelling opportunity for investors seeking immediate cash flow with future upside. The unit mix consists of 9 efficiency units and 7 one-bedroom units, offering a diversified rental profile that caters well to workforce housing, seasonal demand, and beach-area renters. The property’s proximity to the beach, dining, entertainment, and major employment centers supports strong tenant demand and long-term occupancy stability. The asset benefits from its prime coastal location within an area experiencing continued redevelopment and investment activity, positioning it well for appreciation and rent growth over time. The efficient unit layouts provide strong rent-per-square-foot performance, while the density of 16 units allows for operational economies of scale. There is potential for value-add through interior renovations, modernization of common areas, and improved management strategies, offering a pathway to increase net operating income and overall asset value. This property is well-suited for investors seeking a stabilized multifamily asset with the added optionality of exploring alternative operating strategies, subject to local regulations and approvals. With limited multifamily inventory this close to the ocean, opportunities to acquire assets of this size and unit count in Myrtle Beach remain increasingly scarce. This offering represents a strategic acquisition for both seasoned multifamily investors and those looking to expand their coastal South Carolina portfolio.
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Additional Information
- Elementary School
- Myrtle Beach Elementary School
- Middle School
- Myrtle Beach Middle School
- High School
- Myrtle Beach High School
- Exterior Finish
- Block, Concrete, Steel
- Foundation
- Slab
- Lot Description
- City Lot, Rectangular, Rectangular Lot
- Lot Location
- East of Bus 17, Inside City Limits, East of Bus 17
- Possession
- Closing
- Utilities Available
- Cable Available, Electricity Available, Phone Available, Water Available
- Zoning
- MF
- Listing Courtesy Of
- Keller Williams The Forturro G
- County
- Horry
- Neighborhood
- Not within a Subdivision
- Project/Section
- Not within a Subdivision
- Amenities
- Owner Allowed Motorcycle, Pet Restrictions, Tenant Allowed Motorcycle
- Heating
- Electric
- Utilities
- Cable Available, Electricity Available, Phone Available, Water Available
Listing courtesy of Listing Agent: Jeff Forman () from Listing Office: Keller Williams The Forturro G.
Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2026 of the Coastal Carolinas Association of REALTORS® MLS. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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