406 5th Ave. N, Myrtle Beach, SC 29577
- $690,000
- 6,156
- SqFt
- Sold Price
- $690,000
- List Price
- $785,000
- Status
- CLOSED
- MLS#
- 2600190
- Closing Date
- Apr 23, 2026
- Days on Market
- 110
- Property Type
- Apartment
- Total Square Feet
- 6,400
- Total Heated SqFt
- 6156
- Region
- 16g Myrtle Beach Area--Southern Limit To 10th Ave N
- Year Built
- 1982
Property Description
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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Additional Information
- Elementary School
- Myrtle Beach Elementary School
- Middle School
- Myrtle Beach Middle School
- High School
- Myrtle Beach High School
- Exterior Finish
- Vinyl Siding
- 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, Sewer Available, Underground Utilities, Water Available
- Zoning
- MF
- Listing Courtesy Of
- Keller Williams The Forturro Group
- County
- Horry
- Neighborhood
- Not within a Subdivision
- Project/Section
- Not within a Subdivision
- Heating
- Central, Electric
- Utilities
- Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Listing courtesy of Listing Agent: Jeff Forman () from Listing Office: Keller Williams The Forturro Group.
Selling Office: Exit Coastal Real Estate Pros.
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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