Twelve-Unit Apartment
1308 Dunbar St. Myrtle Beach, SC 29577
1308 Dunbar St., Myrtle Beach, SC, 29577
$1,020,000
For Sale
$1,020,000
MULTI_FAMILY - Myrtle Beach, SC
Property Size9,999 SF
Price / SF$102.01
Days on Market193
Property Features for 1308 Dunbar St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Standard status
- Active
- Size
- 9,999 SF
Building Details
- Year built
- 1972
- Number of units
- 12
Listing Agency
Keller Williams The Forturro Group
(843) 443-9400
Myrtle Beach, SC
Listed by
Jeff Forman · License #111037
(843) 902-4325
Added: Jan 5 Checked: Jul 17 at 9:06 am
MLS# 2600318
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 for-sale multifamily property consists of twelve total units spread between three separate buildings, with all units configured as 2-bedrooms. The listing notes that the buildings may benefit from cosmetic upgrades, exterior repairs, and interior updates.
The property is located in Myrtle Beach, South Carolina, at 1308 Dunbar St., within Horry County. The seller indicates the site is east of the 17 bypass and is in a designated Opportunity Zone.
As presented, the community is offered with the expectation that additional improvements could help the buildings perform better over time.
The property is located in Myrtle Beach, South Carolina, at 1308 Dunbar St., within Horry County. The seller indicates the site is east of the 17 bypass and is in a designated Opportunity Zone.
As presented, the community is offered with the expectation that additional improvements could help the buildings perform better over time.
Key Highlights
- Twelve 2‑bedroom units in three buildings.
- Located in the heart of Myrtle Beach.
- East of 17 bypass.
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 | $175.2k | $17.52 |
| − Vacancy | −$7.4k | −$0.74 |
| EGI | $167.8k | $16.78 |
| − OpEx | −$75.5k | −$7.55 |
| NOI | $92.3k | $9.23 |
9,999 SF · lease $17.52/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,304 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.53M
$2.22M – $2.96M
NOI $177,390 @ 7.0% cap · market cap 17.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Twelve 2-bedroom units across three buildings in Myrtle Beach, listed for sale in a designated Opportunity Zone.
Where is this apartment building located?
The property is located at 1308 Dunbar St. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,020,000.
What are key features of this property?
This property features: Twelve 2‑bedroom units in three buildings.; Located in the heart of Myrtle Beach.; East of 17 bypass.
