Investment Overview

Marcus & Millichap is pleased to present 1304 Dunbar Apartments, a multifamily asset located at 1304 Dunbar Street in Myrtle Beach, South Carolina. Situated just a 10-minute walk to 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. In addition to its exceptional beach proximity, the property also enjoys access to Myrtle Beach’s premier lifestyle amenities driving tourism-driven demand, including retail, dining, and entertainment. Thoughtfully maintained by current ownership, 1304 Dunbar Apartments has undergone targeted improvements, with four renovated units totaling $34,996 in capital expenditures and recent HVAC and water heater replacements totaling $4,200. These upgrades enhance tenant comfort and reduce ongoing maintenance costs, while offering future ownership the opportunity to continue renovations and push rents to market. Positioned in a high-growth coastal city with year-round rental demand, 1304 Dunbar Apartments presents a compelling value-add investment in a location that continues to attract both residents and investors. The property’s strong walkability, strategic positioning near the beach, and growing local economy create a unique opportunity for stable cash flow and long-term appreciation.