This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$1,138,500
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
PRICE REDUCED! 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!
Full Property Details
Full Property Details for 505 28th Ave N
General
- Sold For: $1,138,500
- Status: Closed
- Type: Apartment
- Source: 2260
- MLS ID: 2512840
- Added to Site: 301 day(s) ago
Rental Information
- Lease/Rent Term: Item12Months
Parking
- Parking Features: Other
Location
- Area: 16F Myrtle Beach Area--10th Ave N to 29th Ave N
- County: Horry
- Subdivision: Not within a Subdivision
School Information
- Elementary School: Myrtle Beach Elementary School
- Middle School: Myrtle Beach Middle School
- High School: Myrtle Beach High School
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Water: Public
- Utility Description: Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available
Structural Information
- Square Feet: 6,226
- Living Area: 6,226 Sq. Ft.
- Year Built: 1966
- Property Condition: Resale
Lot Features
- Lot Features: City Lot, Rectangular, Rectangular Lot
- Zoning: HC-2
Financial Considerations
- Assoc Fee Freq.: Monthly
- Terms: Cash, Conventional
Disclosures and Reports
- Documents Avail.: Financials, Survey
- Property ID: 42411010019
Listed by Century 21 Palms Realty
Sold by BH & G Elliott Coastal Living
Get Pre-Approved Today
Schools
Schools serving 505 28th Ave N
School District:Horry County School District
| Name | Grades | Distance |
|---|---|---|
Myrtle Beach Child Development Center 612 29th Avenue North, Myrtle Beach, SC 29577 | PK-K | 0.4 mi |
Myrtle Beach Primary 620 29th Avenue North, Myrtle Beach, SC 29577 | 1-2 | 0.5 mi |
Myrtle Beach Elementary 950 Seahawk Way, Myrtle Beach, SC 29577 | 3-5 | 0.7 mi |
Myrtle Beach Middle School 3101 North Oak Street, Myrtle Beach, SC 29577 | 6-8 | 0.3 mi |
Myrtle Beach High School 3302 Robert M Grissom Parkway, Myrtle Beach, SC 29577 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 505 28th Ave N
Date
Details
Price
Change
Source
2/20/2026
Sold
$1,138,500
-12.42%
MLS
1/13/2026
Price Reduced
$1,300,000
-3.7%
MLS
12/15/2025
Price Reduced
$1,350,000
-9.4%
MLS
12/06/2025
Price Reduced
$1,490,000
-0.33%
MLS
9/08/2025
Price Increased
$1,495,000
6.79%
MLS
8/18/2025
Price Reduced
$1,400,000
-3.45%
MLS
8/04/2025
Price Reduced
$1,450,000
-3.33%
MLS
7/14/2025
Price Reduced
$1,500,000
-10.45%
MLS
5/22/2025
Listed
$1,675,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
505 28th Ave. N, Myrtle Beach, SC 29577 (MLS# 2512840) is a Apartment property that was sold at $1,138,500 on February 20, 2026. Want to learn more about 505 28th Ave. N? Do you have questions about finding other Apartment real estate for sale in Myrtle Beach? You can browse all Myrtle Beach real estate or contact a Coldwell Banker agent to request more information.

