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1405 Dunbar St., Myrtle Beach
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$450,000

Reduced from $558,000

Price reduced No HOA
Home type
Apartment
Beds
Not reported
Baths
Not reported
Sq ft
4,716
Year built
1965
Garage
Not reported
HOA
$0

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Nearest active homes by reported MLS coordinates · within about 4 mi

About this home

1405 Dunbar Street is a small multifamily income property built for straightforward ownership and consistent rental demand in central Myrtle Beach. The building is commonly configured as five 2-bedroom, 1-bath units, a unit mix that performs well for long-term workforce housing and seasonal tenants alike. With approximately 4,700 square feet on roughly 0.29 acres, the property offers multiple income-producing units on a single parcel in an established in-town location close to the beach, major roadways, shopping, employment centers, and entertainment. From an operational standpoint, the property presents a clean investment profile. Electric service is separately metered, while water and sewer are owner-paid, allowing predictable expense management and clear rent structuring. The layout and density make this a practical asset for an investor focused on steady occupancy rather than heavy repositioning, with potential upside through interior updates, rent optimization, or efficiency improvements over time. This property is well suited for a buy-and-hold investor or portfolio builder seeking a stable multifamily asset in a proven Myrtle Beach rental corridor. As with all older multifamily properties, buyers are encouraged to verify unit count, square footage, zoning compliance, and utility configurations during due diligence. Overall, 1405 Dunbar Street represents a no-frills, income-focused investment where location, density, and simplicity support long-term value.

Key highlights

  • 1405 Dunbar Street is a small multifamily income property built for straightforward ownership and consistent rental demand in central Myrtle Beach.
  • The building is commonly configured as five 2-bedroom, 1-bath units, a unit mix that performs well for long-term workforce housing and seasonal tenants alike.
  • From an operational standpoint, the property presents a clean investment profile.

Listed by The Forturro Group

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More property details

Interior

Units
5

Exterior & construction

Zoning
RMM-BTW

Exterior Finish

  • Wood Frame

Foundation

  • Crawl

Lot Description

  • Rectangular

Utilities

Heating and Cooling

  • Electric

Utilities Available

  • Electricity
  • Water Public
  • Cable TV

HOA & community

Amenities Available

  • Long Term Rental Allowed

Schools

Elementary
Myrtle Beach Elementary School
Middle
Myrtle Beach Middle School
High
Myrtle Beach High School

Price history

Current asking price
$450,000
Original list price
$558,000
Listed
Jan 4, 2026
Last price change
Aug 23, 2026

Location and local market

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Myrtle Beach areaExplore Myrtle Beach

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Estimated monthly payment

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Down payment
20% · $90,000

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Estimated total monthly

$2,594/mo

$2,275 principal & interest · $319 taxes & insurance

20% · $90,000

Loan amount $360,000. Estimate only — taxes, insurance, and HOA are approximate. Not a lending quote.

Listing information

Listed with Keller Williams The Forturro Group. MLS #2600216. Data source: Coastal Carolinas MLS. Information is deemed reliable but not guaranteed.