Value-Add Multifamily Duplex Portfolio

1101 Dunbar St. Myrtle Beach, SC 29577

Claim this Listing
For Sale
$525,000

MULTI_FAMILY - Myrtle Beach, SC

Type:Apartment
Property size:
2,976 SF
Price / SF:
$176/SF
Added:
Jan 3, 2026
Days on Market:
189
Last Refresh:
Jul 11 at 10:06 am

Property Features for 1101 Dunbar St.

General Information

Property type
Residential Multi Family
Property subtype
Apartment
Standard status
Active
Size
2,976 SF

Utilities

Utilities
Cable Available

Building Details

Year built
1950
Number of units
6

Listing agent Jeff Forman License #111037

Listing office Keller Williams The Forturro Group Myrtle Beach, SC

Listing date Jan 3, 2026

MLS# 2600195 Listing URL

Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This value-add multifamily property includes three separate duplex buildings, with two 2-bedroom, 1-bath units in each structure. The units are configured with functional two-bedroom layouts, and the property sits on a sizable lot designed to support practical day-to-day living, including ample parking for residents. With current rents reported to be below market, the investment case centers on increasing income through interior upgrades, modern finishes, and improved operational efficiency.

Situated in the heart of Downtown Myrtle Beach within a designated opportunity zone, the property benefits from an area that draws both long-term tenants and seasonal renters. The listing notes that the beach, restaurants, shopping, and entertainment are just minutes away, supporting ongoing demand for housing in a highly active market.

For investors and operators, the layout across three duplex buildings offers manageable scale while providing multiple units to renovate and re-position. This setup can fit a buyer looking for a straightforward strategy: bring units closer to current market expectations and pursue stronger cash flow after targeted renovation work.

Key Highlights

  • Prime location in the heart of Downtown Myrtle Beach, close to beach, restaurants, shopping, and entertainment.
  • Designated Opportunity Zone offering potential tax incentives for investors.
  • Value‑add multifamily property with below‑market rents, offering significant income increase potential.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $52.1k $17.52
− Vacancy −$2.2k −$0.74
EGI $49.9k $16.78
− OpEx −$22.5k −$7.55
NOI $27.5k $9.23
2,976 SF · lease $17.52/SF/yr · vacancy 4.20% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$392.5K
$343.4K – $457.9K (±1% cap)
NOI $27,472 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$754.2K
$660.0K – $880.0K (±1% cap)
NOI $52,797 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Locksmith Pet Grooming Service Tanning Salon (Bike/Boat/Book/etc) Store Pet Store Pet Store & Service Florist Supermarket Acupuncture Nursing Home

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Three duplex buildings offer two-bedroom unit potential with room to grow rents through targeted interior upgrades.
Where is this apartment building located?
The property is located at 1101 Dunbar St. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Prime location in the heart of Downtown Myrtle Beach, close to beach, restaurants, shopping, and entertainment.; Designated Opportunity Zone offering potential tax incentives for investors.; Value‑add multifamily property with below‑market rents, offering significant income increase potential.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message