$749,900

401 Alder St Myrtle Beach, SC 29577

Downtown Myrtle Beach Neighborhood

Estimated payment $4,697/month

2 Beds
2 Baths
3,000 Sq Ft
$250 Price per Sq Ft

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!

Listing Agent

Darya Wojtyra

Beach One Realty LLC License #83146

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,477

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Lot Description: Corner, Irregular
  • Estimated Year Built: 1945
  • Class: Multi-Family
  • HOA Fee Frequency: Does Not Have Hoa
  • Lvt Date: 05/09/2025
  • Sold Total Heated Sq Ft: 3000
  • Sold Total Sq Ft: 3000
  • Total Heated Sq Ft: 3000
  • Number1 Br Units: 2
  • Numberefficiency: 5
  • Geo Subdivision: SC
  • Section Subdivision: Not within a Subdivision
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1945

Interior Features

  • Total Sq Ft: 3000

Exterior Features

  • Exterior Finish: Wood Frame

Garage/Parking

  • Type: Apartments

Schools

  • Elementary School: Myrtle Beach Elementary School
  • Middle School: Myrtle Beach Middle School
  • High School: Myrtle Beach High School

Lot Info

  • Lot Location: Inside City Limits
  • Zoning: MF

Multi Family

  • Number Of Units: 7

MLS Schools

  • Elementary School: Myrtle Beach Elementary School
  • HighSchool: Myrtle Beach High School
  • Middle School: Myrtle Beach Middle School

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
Source: Public Records

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
Source: Coastal Carolinas Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $410,000 --
Warranty Deed $130,000 --
Interfamily Deed Transfer -- --
Source: Public Records

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: Public Records

Source: Coastal Carolinas Association of REALTORS®

MLS Number: 2511772

Coastal Carolinas Association of REALTORS®

APN: 44304040013

South Carolina Horry County Myrtle Beach 29577 Downtown Myrtle Beach

401 Alder St, Myrtle Beach, SC

Homes for Sale in Myrtle Beach, SC

This home is located at 401 Alder St, Myrtle Beach, SC 29577 and is currently priced at $749,900, approximately $249 per square foot. This property was built in 1945. 401 Alder St is a home located in Horry County with nearby schools including Myrtle Beach Child Development Center, Myrtle Beach Primary School, and Myrtle Beach Elementary School.

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.

Coastal Carolinas Association of REALTORS® 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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Darya Wojtyra
Listing Agent
Darya Wojtyra
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Beach One Realty LLC
(843) 352-6093