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401 Alder St.

Myrtle Beach, SC 29577

– beds
– baths
3,000 sqft
$249 per sqft
1945 build
– on site

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 courtesy of CCAR / Beach One Realty LLC

Last checked: Checking… • Last updated May 9, 2025 •

MLS# 2511772 —

The Building

Year Built:

1945
Construction Materials:

WoodFrame
Building Area Total:

3000.0

Room Dimensions

Living Area:

3000.0
Living Area Source:

Estimated

Financial & Terms

Lease Considered:

false
Lease Term:

TwelveMonths

Location

Directions:

From Downtown Myrtle Beach, head southwest on US-501 S toward Broadway Street. Continue straight, then turn left onto Robert M. Grissom Parkway. After about 1.5 miles, turn right onto Harrelson Boulevard. Continue for approximately one mile, then turn left onto Alder Street. The property at 401 Alder Street will be on your right.
Latitude:

33.69301888
Longitude:

-78.89089827

The Property

Property Type:

Residential
Property Subtype:

Apartment
Property Subtype Additional:

Apartment,MultiFamily
Property Condition:

Resale
Lot Features:

CornerLot,CityLot,IrregularLot
Parcel Number:

44304040013
Zoning:

MF

Listing Agent

Contact info:

The Listing

Possession:

Closing

Schools

Elementary School:

Myrtle Beach Elementary School
Middle Or Junior School:

Myrtle Beach Middle School
High School:

Myrtle Beach High School

The Community

Subdivision Name:

Not within a Subdivision
Association:

false
Association Fee Frequency:

Monthly

Parking

Parking Features:

Other

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/9/25 May 9, 2025	Listed / Active	CCAR	$749,900	82.9% (14.8% / YR)
10/7/19 Oct 7, 2019		CCAR	$410,000

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This apartment located in Myrtle Beach, SC 29577 is currently for sale for $749,900. 401 Alder St. is a 3,000 square foot apartment with – beds and – baths that has been on Estately for 2 days. This apartment is in the attendance area of Myrtle Beach Primary School, Myrtle Beach Middle School, Myrtle Beach High School, Myrtle Beach Early Childhood School, and Myrtle Beach Elementary School.

Listing Courtesy of: CCAR and Beach One Realty LLC.

Based on information from the Coastal Carolinas MLS 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. CCAR, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser CCAR and Estately assume no responsibility for typographical errors, misprints or misinformation. This property listing is offered without respect to any protected classes in accordance with the law.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.