505 28th Ave N Myrtle Beach, SC 29577
Downtown Myrtle Beach NeighborhoodEstimated payment $9,460/month
About This Home
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!
Property Details
Home Type
- Apartment
Year Built
- Built in 1966
Home Design
- 6,226 Sq Ft Home
- Slab Foundation
Schools
- Myrtle Beach Elementary School
- Myrtle Beach Middle School
- Myrtle Beach High School
Utilities
- Central Heating and Cooling System
- Underground Utilities
- Phone Available
- Cable TV Available
Additional Features
- Rectangular Lot
- East of US 17
Community Details
- 19 Units
- Casa Marina Condos
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/08/2025 09/08/25 | Price Changed | $1,495,000 | +6.8% | $240 / Sq Ft |
08/18/2025 08/18/25 | Price Changed | $1,400,000 | -3.4% | $225 / Sq Ft |
08/04/2025 08/04/25 | Price Changed | $1,450,000 | -3.3% | $233 / Sq Ft |
07/14/2025 07/14/25 | Price Changed | $1,500,000 | -10.4% | $241 / Sq Ft |
05/22/2025 05/22/25 | For Sale | $1,675,000 | -- | $269 / Sq Ft |
Source: Coastal Carolinas Association of REALTORS®
MLS Number: 2512840

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