406 5th Ave N

Off Market

406 5th Ave N

Myrtle Beach SC 29577

6400 sq. ft.

Apartment

Last sold for $690,000

Jeffrey Forman, last sold this property on 23 April 2026 after 109 days on market.

Overview

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!

Features

6400 sq. ft. floor area

Apartment

Estimated Value

Based on this property and similar apartments sold in Myrtle Beach over the last 12 months, the estimated median property value of 406 5th Ave N is $850k.

Median value

$850k

Estimated value range

$415k - $1.14m

Median days on market

149

Estimated value trend

-2%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Myrtle Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 406 5th Ave N

2026

Sold

$690,000

23 Apr 2026 by Jeffrey Forman, of Keller Williams The Forturro G

2022

Sold

$900,000

29 Mar 2022

2017

Sold

$465,000

04 Dec 2017 by Liat Edri

Happy sellers in Myrtle Beach

77%

77% of sellers in Myrtle Beach reported that their sale price either exceeded or met their price expectations.

Myrtle Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 27 reviews in Myrtle Beach over the last 12 months.

Local market activity for apartments in Myrtle Beach

In the last 12 months, 4 apartments similar to 406 5th Ave N, have been sold.

This represents a 66% decrease in apartments sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Myrtle Beach for a market analysis.

Vicki Harvey

at Realty ONE Group Dockside | Myrtle Beach

(108 reviews)

Get a market analysis

Deborah Hudson

at Realty ONE Group Dockside | Myrtle Beach

(41 reviews)

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Amanda McCoy

at Realty ONE Group Dockside | Myrtle Beach

4.9

(14 reviews)

Get a market analysis

Liat Edri

at Realty ONE Group Dockside | Myrtle Beach

(18 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Myrtle Beach

Vicki Harvey

Sellers who recommend Vicki Harvey have praised them for being local expert, clear communication, empathetic, great negotiation, pleasant, dedicated, and attentive