505 28th Ave. N Myrtle Beach, SC $ 1,490,000
505 28th Ave. N
$ 1,490,000
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505 28th Ave. N

Myrtle Beach, SC, 29577
$ 1,490,000
Baths0.0 Sq 6,226

Monthly Estimate*

$ 9,296

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Studio

Apartment for sale in Myrtle Beach, SC

for $1,490,000. This 6,226 square foot apartment was built in 1966.

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!

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Apartment Active

Price

$ 1,490,000

Bedrooms

Studio

Property Type

Apartment

Taxes

$ 0

Style

Year Built

1966

Town/City

Myrtle Beach

County/Region

Horry

MLS | Web ID

2512840

Features
General
Heating Central Electric
Cooling Central Air
Utilities Cable Available Electricity Available Phone Available Sewer Available Underground Utilities Water Available
Possession Closing
Zoning HC-2
HOA Fee 0
Year Built 1966
Property Subtype Apartment
Assoc Fee Paid Per Monthly
County Horry
Property Type Residential
HOA false
Subdivision Name Not within a Subdivision
Status Active
High School Myrtle Beach High School
City Myrtle Beach
Number Of Units Total 19
MLS Area 16F Myrtle Beach Area--10th Ave N to 29th Ave N
Elementary School Myrtle Beach Elementary School
Middle/Junior High School Myrtle Beach Middle School
Property Condition Resale
Ok to Lease 12 Months
Lease Considered Y/N false
Standard Status Active
Property Sub Type Additional Apartment Multi Family
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Interior
Air Conditioning Y/N true
Heating Y/N true
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Exterior
Parking Features Other
Lot Features City Lot Rectangular Rectangular Lot
Water Source Public
Foundation Details Slab
Building Area Total 6226
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* Excluded Features
List By
Century 21 Palms Realty

Broker

nstrumke@palmshome.com

Email

Affordability Calculator

$9,296
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,296
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Myrtle Beach High School High School High School
Pricing History
DatePricePrice ChangeDescription
12/6/2025$1,490,000 -0.33% Price Down
10/22/2025$1,495,000 Listed Price

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505 28th Ave. N, Myrtle Beach, SC, 29577 is a Apartment for sale at $1,490,000 with 6,226 sqft. 505 28th Ave. N is a studio with 0.0 baths and was built in 1966. The property's zip code is 29577 which is in Myrtle Beach, SC