Investment Overview

Marcus & Millichap is pleased to present 1308–1312 Dunbar Street Apartments, a multifamily investment opportunity in Myrtle Beach, South Carolina. Situated just a 10-minute walk from beach access, this asset offers investors the rare chance to acquire a coastal apartment community in one of the fastest-growing markets in the state. The property includes three adjacent buildings located at 1308, 1310, and 1312 Dunbar Street, all featuring desirable two-bedroom, one-bathroom units ideal for the area's workforce and seasonal rental demand. Thoughtfully maintained by current ownership, one new interior renovation has been completed totaling $11,290, as well as one HVAC and water heater replacement, totaling $2,600, laying the groundwork for future improvements and rent growth. With the ability to sustain current ownership’s in-place value-add strategy, the properties offer significant upside potential through more renovations. As under-market rents and steady demand are fueled by the area’s growing tourism and service economies, new ownership has a compelling opportunity to execute a proven strategy for income and value appreciation. Positioned within walking distance of Myrtle Beach’s coastline, dining, retail, and entertainment options, the Dunbar Street Apartments offer both strong lifestyle appeal to tenants and durable cash flow for investors. This rare beach-proximate multifamily investment is poised for continued performance in a market with limited supply and rising demand.