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!
For sale
Price cut: $50K (8/4)
$1,450,000
505 28th Ave. N, Myrtle Beach, SC 29577
--beds
--baths
6,226sqft
Est.:
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
- 75 days
- on Zillow |
- 521 |
- 38 |
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#: 2512840
Originating MLS: Coastal Carolinas Association of Realtors

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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