1304 Dunbar St. Myrtle Beach, SC 29577
MULTI_FAMILY - Myrtle Beach, SC
- Added:
- Jan 4, 2026
- Days on Market:
- 188
- Last Refresh:
- Jul 11 at 9:06 am
Property Features for 1304 Dunbar St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Standard status
- Active
- Size
- 2,525 SF
Utilities
- Utilities
- Cable Available
Building Details
- Year built
- 1951
- 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 4, 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.
The site is zoned RMM, supporting multifamily use and providing flexibility for future operational decisions. The location is described as central Myrtle Beach, with access to the beach, Broadway at the Beach, major roadways, shopping, dining, and employment centers, which the listing notes supports year-round demand from both long-term tenants and the broader rental market. The remarks also indicate there is no HOA, and that properties with multiple doors and no HOA are increasingly difficult to replace in the area.
This asset is well suited for buyers looking for stable income with potential upside through unit improvements, rent optimization, or operational efficiencies. During due diligence, buyers are encouraged to verify measurements, utilities, and unit systems, as public records reflect some variation in reported building square footage.
Key Highlights
- Prime Location: Minutes from the beach, Broadway at the Beach, major roadways, shopping, dining, and employment centers, ensuring strong rental demand.
- Income‑Producing Multifamily: Six‑unit apartment building providing multiple income streams on a single parcel.
- No HOA: Increasingly rare in the area, supporting long‑term value and rent growth.
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 | $44.2k | $17.52 |
| − Vacancy | −$1.9k | −$0.74 |
| EGI | $42.4k | $16.78 |
| − OpEx | −$19.1k | −$7.55 |
| NOI | $23.3k | $9.23 |
