1405 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 1405 Dunbar St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Standard status
- Active
- Size
- 4,716 SF
- Lot size
- 0.29 Acres
Utilities
- Utilities
- Cable Available
Building Details
- Year built
- 1965
- Number of units
- 5
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 property is located in central Myrtle Beach, within an established in-town setting close to the beach and convenient to major roadways, shopping, employment centers, and entertainment. Operationally, electric service is separately metered for individual units, while water and sewer are owner-paid, supporting predictable expense management and clear rent structuring.
This asset is well suited for a buy-and-hold investor or a portfolio builder seeking a stable multifamily property in a proven Myrtle Beach rental corridor. The unit count and overall configuration make it a good fit for investors who prefer simple operations rather than heavy repositioning. As with any older multifamily community, buyers are encouraged to complete due diligence, including verifying unit count, square footage, zoning compliance, and utility configurations before closing.
Key Highlights
- Prime location in central Myrtle Beach, close to the beach, major roadways, shopping, employment, and entertainment.
- Consistent rental demand due to the desirable mix of five 2‑bedroom, 1‑bath units.
- Clean investment profile with separately metered electric service for each unit.
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 | $82.6k | $17.52 |
| − Vacancy | −$3.5k | −$0.74 |
| EGI | $79.2k | $16.78 |
| − OpEx | −$35.6k | −$7.55 |
| NOI | $43.5k | $9.23 |
