401 Alder St Myrtle Beach, SC 29577
Downtown Myrtle Beach NeighborhoodEstimated payment $4,519/month
About This Home
Incredible investment opportunity just blocks from the beach in the heart of downtown Myrtle Beach! This 7-unit multi-family property sits on a large corner lot with approximately 150 feet of frontage on 4th Avenue and 107 feet on Alder Street, offering both income potential and future development flexibility. The property features two buildings: a duplex with two 1-bedroom, 1-bath units (Units A & B), and a main building with five studio units (Units C–G). Located within walking distance to Broad Street, Ocean Boulevard, and the white sandy shores of the Grand Strand, this property offers unmatched access to everything Myrtle Beach has to offer—including top-rated dining, shopping, Broadway at the Beach, golf, putt-putt, fishing, and year-round entertainment. With strong rental demand and flexible use options—live in one, rent the others, or build new—this is a rare chance to own income-producing real estate in one of the fastest-growing coastal cities in the Southeast. Whether you’re looking for a stable investment, a redevelopment project, or a hybrid personal-use property, your opportunity is right here—don’t miss out!
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $6,477
Year Built
- Built in 1945
Lot Details
- Corner Lot
- Irregular Lot
Home Design
- 3,000 Sq Ft Home
- Wood Frame Construction
Schools
- Myrtle Beach Elementary School
- Myrtle Beach Middle School
- Myrtle Beach High School
Community Details
- 7 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,477 | $22,693 | $3,973 | $18,720 |
| 2023 | $6,477 | $22,693 | $3,973 | $18,720 |
| 2021 | $6,131 | $22,693 | $3,973 | $18,720 |
| 2020 | $5,847 | $22,693 | $3,973 | $18,720 |
| 2019 | $2,760 | $10,711 | $3,973 | $6,738 |
| 2018 | $0 | $9,769 | $3,937 | $5,832 |
| 2017 | $2,570 | $9,769 | $3,937 | $5,832 |
| 2016 | -- | $9,769 | $3,937 | $5,832 |
| 2015 | $2,540 | $9,769 | $3,937 | $5,832 |
| 2014 | $2,470 | $9,769 | $3,937 | $5,832 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2025 05/09/25 | For Sale | $749,900 | +82.9% | $250 / Sq Ft |
| 10/07/2019 10/07/19 | Sold | $410,000 | -8.7% | $137 / Sq Ft |
| 04/16/2019 04/16/19 | For Sale | $449,000 | -- | $150 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $410,000 | -- | |
| Warranty Deed | $130,000 | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $173,600 | Unknown | |
| Previous Owner | $117,000 | Unknown | |
| Previous Owner | $60,000 | Fannie Mae Freddie Mac |
Source: Coastal Carolinas Association of REALTORS®
MLS Number: 2511772
APN: 44304040013
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Provided courtesy of the Coastal Carolinas MLS. Copyright 2025 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.
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