1101 Dunbar St. Myrtle Beach, SC 29577
MULTI_FAMILY - Myrtle Beach, SC
- 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 (843) 902-4325
Listing office Keller Williams The Forturro Group Myrtle Beach, SC (843) 443-9400
Listing date Jan 3, 2026
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.
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 |