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!
For sale
$749,900
401 Alder St., Myrtle Beach, SC 29577
--beds
--baths
3,000sqft
Est.:
Multi Family, Apartment
Built in 1945
-- sqft lot
$-- Zestimate®
$250/sqft
$-- HOA
What's special
Corner lot
- 100 days
- on Zillow |
- 218 |
- 13 |
Zillow last checked: 7 hours ago
Listing updated: May 30, 2025 at 10:58am
Listed by:
Darya Wojtyra 843-385-3038,
Beach One Realty LLC
Source: CCAR,MLS#: 2511772
Originating MLS: Coastal Carolinas Association of Realtors

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Parking
- Parking features: Other
Lot
- Features: Corner Lot, City Lot, Irregular Lot
Details
- Additional parcels included: ,
- Parcel number: 44304040013
- Zoning: MF
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
- Attached to another structure: Yes
Materials
- Wood Frame
Condition
- Resale
- Year built: 1945
Community & HOA
Community
- Subdivision: Not within a Subdivision
HOA
- Has HOA: No
Location
- Region: Myrtle Beach
Financial & listing details
- Price per square foot: $250/sqft
- Tax assessed value: $423,930
- Annual tax amount: $6,477
- Date on market: 5/9/2025
- Lease term: 12 Months
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