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For sale
  • Price cut: $50K (8/4)
    $1,450,000

    505 28th Ave. N, Myrtle Beach, SC 29577

    --beds
    --baths
    6,226sqft
    : 
    Multi Family, Apartment
    Built in 1966
    -- sqft lot
    $1,360,000 Zestimate®
    $233/sqft
    $-- HOA

    What's special

    New flooringSteps from the beachSpacious studio apartments
    Rare 19-Unit updated Investment Opportunity in the Heart of Myrtle Beach! Don’t miss your chance to own this rental powerhouse just steps from the beach and minutes from vibrant downtown Myrtle Beach.The property has had many updates including new flooring, kitchens, bathrooms, painting, fixtures and more! Situated on a generous 0.51-acre lot, this 19-unit property offers spacious studio apartments and is perfectly positioned for both short-term and long-term rental strategies. With strong management already in place, this property is performing exceptionally well — and still offers room to grow income even further. Whether you’re looking to expand your portfolio or break into one of the Southeast’s fastest-growing coastal markets, this is a rare opportunity that checks all the boxes. Located close to Myrtle Beach International Airport, world-class golf courses, popular restaurants, and of course, the ocean, this property offers unmatched convenience for vacationers, snowbirds, and long-term tenants alike. Key Highlights: 19 spacious studio units Prime 0.51-acre lot just steps from the beach Excellent current rental performance Flexible investment: long-term or short-term rentals Close to airport, golf, dining, and downtown Myrtle Beach Rare high-density opportunity on a large parcel The Myrtle Beach market continues to thrive, and properties like this don’t come along often. Schedule your private showing today and secure your place in one of the most dynamic beachside markets on the East Coast!
    75 days
    on Zillow
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    521
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    Zillow last checked: 7 hours ago

    Listing updated: August 04, 2025 at 10:45am

    Listed by:

    Nicholas G Strumke 843-655-5470,

    Century 21 Palms Realty,

    Rodica Strumke 843-455-3696,

    Century 21 Palms Realty

    Source: CCAR,MLS#: 2512840MLS LogoOriginating MLS: Coastal Carolinas Association of Realtors
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    Facts & features

    Interior

    Heating
    • Central, Electric
    Cooling
    • Central Air
    Interior area
    • Total structure area: 6,226
    • Total interior livable area: 6,226 sqft

    Property

    Parking
    • Parking features: Other
    Lot
    • Features: City Lot, Rectangular, Rectangular Lot
    Details
    • Additional parcels included: ,
    • Parcel number: 42411010019
    • Zoning: HC-2
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Apartment
    • Attached to another structure: Yes
    Materials
    • Foundation: Slab
    Condition
    • Resale
    • Year built: 1966

    Utilities & green energy

    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available

    Community & HOA

    Community
    • Subdivision: Not within a Subdivision
    HOA
    • Has HOA: No
    Location
    • Region: Myrtle Beach

    Financial & listing details

    • Price per square foot: $233/sqft
    • Date on market: 5/22/2025
    • Listing terms: Cash,Conventional
    • Lease term: 12 Months
    • Electric utility on property: Yes
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