Myrtle Beach Multifamily Buyer
Sell Your Commercial Property In Myrtle Beach, SC
Own a commercial apartment building of five or more units in Myrtle Beach? We purchase multifamily properties around Conway, Surfside Beach, and the rest of Horry County, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Myrtle Beach Submarkets: Conway · Surfside Beach · North Myrtle Beach · Carolina Forest — Horry County, SC
Local Demand
Our View On Myrtle Beach
Four in ten Myrtle Beach households rent. The Census Bureau's 2020-2024 American Community Survey puts the renter share at 39.5%, or 6,960 of 17,623 occupied homes. Median gross rent in Myrtle Beach was $1,261 a month, and 40.0% of housing units sit in buildings with five or more units.
Anyone looking to sell commercial property in Myrtle Beach, SC should start with the tax math. South Carolina assesses rental property at 6% of value. The Horry County Auditor's certified 2026 levy puts county, school and Myrtle Beach millage at a combined 254.6 mills. A deed is an assessable transfer of interest under S.C. Code Section 12-37-3150, so a sale brings a new appraisal.
Accommodation and food services employ 24.9% of Horry County's private-sector workers. Horry County grew 30.4% between the 2010 and 2020 censuses. We buy 5+ unit buildings in Myrtle Beach, Conway, Surfside Beach, North Myrtle Beach and Carolina Forest. Owners who want to sell multifamily property in Myrtle Beach can reach us directly.
Hospitality payrolls
Accommodation and food services employed 30,879 people at 1,408 Horry County establishments in 2023, per Census County Business Patterns. That is 24.9% of the county's private-sector paid employees.Retiree and workforce in-migration
Horry County grew 30.4% between the 2010 and 2020 censuses, to 351,029 residents. In ACS 2020-2024, 20,008 residents had lived in another state a year earlier, and 26.4% were 65 or older.Coastal Carolina University, Conway
Coastal Carolina University sits in Conway, nine miles from Myrtle Beach, per its 2025 state accountability report. It enrolled a record 11,348 students in fall 2024.Our Buy Box
What We Buy In Myrtle Beach
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Myrtle Beach Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Myrtle Beach
Renters occupy 39.5% of Myrtle Beach's occupied homes, per the Census Bureau's 2020-2024 American Community Survey. That equals 6,960 renter households out of 17,623 occupied homes. Horry County has a 22.7% renter share, and South Carolina's is 28.1%.
Myrtle Beach renter households grew 15.7%, from 6,013 in ACS 2015-2019 to 6,960. Myrtle Beach's population was 38,371 in ACS 2020-2024, per table B01003. Median household income in Myrtle Beach was $60,394, per table B19013.
Accommodation and food services employed 30,879 people in Horry County in 2023, per County Business Patterns. That is 24.9% of the county's 123,792 private-sector paid employees.
Newcomers keep arriving. Horry County grew 30.4%, from 269,291 residents in the 2010 Census to 351,029 in the 2020 Census. About 20,008 Horry County residents, or 5.3%, lived in another state a year earlier, per ACS 2020-2024 table DP02. Residents 65 and older are 26.4% of Horry County, against 18.9% statewide, per table DP05.
Myrtle Beach rents against local incomes
Median gross rent in Myrtle Beach was $1,261 a month in ACS 2020-2024, per table B25064. Horry County's median was $1,255, and South Carolina's was $1,180. Myrtle Beach's median rent was $913 in ACS 2015-2019, so it rose 38.1% between the two surveys.
About 55.2% of Myrtle Beach renter households paid 30% or more of income on housing, per ACS 2020-2024 table B25070. Some 33.1% paid half or more, and Horry County's 30%-plus share was 47.0%.
Under HUD's FY2027 fair market rents, effective October 1, 2026, Myrtle Beach sits in the Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area:
| Unit size | HUD FY2027 FMR (per month) |
|---|---|
| Studio | $1,155 |
| 1 bedroom | $1,258 |
| 2 bedroom | $1,504 |
| 3 bedroom | $1,823 |
| 4 bedroom | $1,981 |
Source: HUD fair market rent documentation. The FY2027 two-bedroom rent of $1,504 is $39 above the FY2026 figure of $1,465, a 2.7% rise. Myrtle Beach's median gross rent of $1,261 sits $243 below that two-bedroom benchmark.
Inside the Myrtle Beach apartment stock
Myrtle Beach counts 9,778 housing units in buildings of five or more units, 40.0% of its 24,419 units. That comes from ACS 2020-2024 table B25024, which counts units by building size whether owned or rented. Buildings of 50 or more units hold 2,942 of them.
That density is rare in South Carolina. Horry County's 5+ unit share is 25.1%, and South Carolina's is 12.9%.
Myrtle Beach housing is fairly young. Its median year built is 1994, per ACS 2020-2024 table B25035. Roughly 27.8% of Myrtle Beach units predate 1980, per table B25034, and 5,064 units were built from 2010 to 2019.
Rental vacancy in Myrtle Beach was 17.4% in ACS 2020-2024, per profile table DP04. Rental vacancy was 19.2% in Horry County and 8.3% statewide. Owners who plan to sell commercial property in Myrtle Beach, SC will see buyers underwrite that vacancy.
Property taxes on Myrtle Beach apartments in Horry County
Myrtle Beach apartment buildings held for rent are assessed at 6% of fair market value. S.C. Code Section 12-43-220(e) sets six percent for all other real property.
The Horry County Auditor's certified 2026 tax levy sets 52.1 mills for county purposes and 119.1 mills for school purposes. The same sheet lists 83.4 mills for Myrtle Beach. Those three levies total 254.6 mills. Special levies on the same sheet, such as 8.1 mills for waste management, are not in this total.
A $2,000,000 Myrtle Beach apartment building carries $120,000 in assessed value at the 6% ratio. At 254.6 mills, the 2026 bill on those levies is about $30,552, or 1.528% of value. Of that, $14,292 goes to school purposes and $10,008 to Myrtle Beach. Horry County mails tax notices on October 1, with payment due by January 15 of the following year.
A sale brings a new appraisal. S.C. Code Section 12-37-3150(A)(1) lists a conveyance by deed as an assessable transfer of interest. Section 12-37-3140(B) caps reappraisal increases at 15% within five years, except in the year a transfer value is first taxed.
Owners who sell commercial real estate in Myrtle Beach, SC should know how the buyer's value is set. Section 12-37-3140(A)(1)(b) uses fair market value as of December 31 of the transfer year. Section 12-37-3140(E) makes that value taxable in the following tax year.
Owners can object in writing within ninety days after the assessor mails a notice, under Section 12-60-2510(A)(3). South Carolina's deed recording fee is $1.85 per $500 of value under Section 12-24-10, or $7,400 on a $2,000,000 sale. Section 12-24-90 credits $2,200 of that to the county.
South Carolina landlord rules that apply in Myrtle Beach
Myrtle Beach cannot cap rents. S.C. Code Section 27-39-60 bars any county or municipal corporation from regulating rent on privately owned residential or commercial rental property.
Myrtle Beach does require a business license for rentals. Myrtle Beach's business license FAQ says an ordinance effective June 1, 2015 covers all rental properties, short-term and long-term, residential and commercial.
Myrtle Beach leases follow the South Carolina Residential Landlord and Tenant Act, Title 27, Chapter 40. Section 27-40-410 requires itemized written notice of deposit deductions within thirty days after the tenancy ends and possession returns. A landlord who wrongly withholds a deposit can owe three times that amount plus attorney's fees.
Section 27-40-710(B) allows termination when rent stays unpaid five days after its due date, following written notice. Section 27-40-770 ends a month-to-month tenancy on thirty days' written notice.
Deposits matter at closing. Under Section 27-40-450, a seller stays liable for deposits unless they pass to the buyer and tenants get written notice.
What this means for a Myrtle Beach apartment owner
Myrtle Beach pairs a 39.5% renter share with 17.4% rental vacancy and no local rent cap. The cost a buyer models first is tax: 6% of value at 254.6 mills, reappraised after the transfer.
If you plan to sell your apartment building in Myrtle Beach, our cap rate calculator shows how a new tax bill changes value. A rent roll, the trailing operating statement and the Horry County tax notice are enough to start.
Demand reaches past the oceanfront. Coastal Carolina University, in Conway, enrolled a record 11,348 students in fall 2024, per its state accountability report. Skyline Capital Investments buys 5+ unit buildings in Myrtle Beach, Conway, Surfside Beach, North Myrtle Beach and Carolina Forest.
Owners ready to sell commercial property in Myrtle Beach, SC can start on our seller page, which explains how we review a building. We buy listed and off-market buildings alike.
Local Knowledge
Myrtle Beach Seller Checklist
More about selling in South Carolina →Investing in Myrtle Beach? See apartment syndications in Myrtle Beach →
- At 254.6 mills on a 6% ratio, a $2,000,000 Myrtle Beach apartment building owes about $30,552 in 2026 county, school and city levies.
- Expect a new appraisal when you sell commercial real estate in Myrtle Beach, SC, since Section 12-37-3150 makes a deed an assessable transfer of interest.
- HUD's FY2027 two-bedroom fair market rent for the Myrtle Beach-North Myrtle Beach-Conway area is $1,504, up 2.7% from $1,465 in FY2026.
- Myrtle Beach requires a business license for every rental property, long-term residential rentals included, under an ordinance in effect since June 1, 2015.
Seller Guides
Myrtle Beach Seller Situations
Learn More
Taxes & Rules For Myrtle Beach Property
The South Carolina rules that shape any deal in Myrtle Beach: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Myrtle Beach Seller FAQ
How do I sell commercial property in Myrtle Beach, SC without listing it?
Send three documents: a current rent roll, twelve months of operating statements and the latest Horry County tax notice. We model the tax bill a new owner will face, using the 6% ratio and 254.6 mills of 2026 county, school and city levies. Then we make a written offer on the building as it stands, with no listing period and no showings.
What property tax will a buyer pay if I sell commercial real estate in Myrtle Beach, SC?
A buyer will model 6% of value times the millage. Horry County's certified 2026 levy lists 52.1 county mills, 119.1 school mills and 83.4 Myrtle Beach mills, or 254.6 in total. On a $2,000,000 building, that is about $30,552 a year. Section 12-37-3140(B) lifts the 15% reappraisal cap in the year a transfer value is first taxed.
Can Myrtle Beach limit how much I raise rents?
No. S.C. Code Section 27-39-60 bars any county or municipal corporation from regulating the amount of rent on privately owned residential or commercial rental property. Myrtle Beach does require a business license for all rental properties, long-term rentals included. Under Section 27-40-770, either side can end a month-to-month tenancy with thirty days' written notice.
What are apartment rents in Myrtle Beach?
Median gross rent in Myrtle Beach was $1,261 a month in the Census Bureau's 2020-2024 American Community Survey. Horry County's median was $1,255 and South Carolina's was $1,180. HUD's FY2027 fair market rents for the Myrtle Beach-North Myrtle Beach-Conway area are $1,258 for a one-bedroom and $1,504 for a two-bedroom.
Who holds tenant deposits after I sell multifamily property in Myrtle Beach?
Under S.C. Code Section 27-40-450, the seller stays liable for deposits unless they transfer to the buyer and tenants get written notice. After that transfer, the buyer is liable under Section 27-40-410. That section requires itemized deductions within thirty days after the tenancy ends and possession returns. List each unit's deposit before closing so the transfer is clean.
Is Myrtle Beach rental demand strong enough to sell now?
Rental vacancy in Myrtle Beach was 17.4% in ACS 2020-2024, against 19.2% in Horry County and 8.3% statewide. Myrtle Beach's median gross rent rose 38.1% between the 2015-2019 and 2020-2024 surveys. Anyone selling commercial property in Myrtle Beach should weigh both figures against the new appraisal that a sale brings to the property.
What if my Myrtle Beach building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
How does a sale to you work in Horry County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Is it possible to sell rental property in Myrtle Beach without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
What do I need to sell my apartment building in Myrtle Beach?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
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