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    The Largest CRE Database in the US with Over 1 Million Listings

    100 NE 43Rd St Oak Island, NC 28465

    Sponsored
    For Sale
    $589,000

    MULTI_FAMILY - Oak Island, NC

    Property size:
    1,560 SF
    Lot size:
    0.20 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 1 at 5:06 am

    Property Features for 100 NE 43Rd St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Ok-R-6
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1, Bathroom 3
    Bedrooms
    4
    Bathrooms
    3
    APN
    235mi003
    Interior features
    Blinds/Shades
    Exterior features
    Balcony
    Appliances
    Electric Oven, Electric Cooktop, Refrigerator, Dishwasher
    Size
    1,560 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Electric (Heating), Baseboard
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water front
    1

    Building Details

    Year built
    1967
    Floors in Building
    2
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Cory R Ellis

    eXp Realty LLC (888) 584-9431

    Listing agent Cory R Ellis License #322666

    Listing date Jan 31, 2026

    MLS# 100552223 Listing URL

    Copyright © 2026 HIVE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Oak Island Duplex Investment Opportunity

    This property presents an investment opportunity with a duplex in a desirable location, a short walk to the beach. The property features a lower level unit with 2 bedrooms and 2 bathrooms, and an upper level unit with 2 bedrooms and 1 bathroom. Each unit provides approximately 780 square feet of living space and includes its own outdoor shower with hot and cold water. The upper unit also boasts a deck. Common areas are designed for unwinding and entertaining. Laundry is conveniently located on the lower level with access from both inside and outside. Situated on an oversized lot measuring 71' x 120', the rear portion of the property remains uncleared and offers potential to create a fenced yard, expand common areas, or design the space to suit your vision. The property is located in Oak Island, North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Island
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.11835
    Latitude
    33.914405

    Nearby Similar for Sale

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      View Details
    • $630,000
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      Turnkey Duplex Near Oak Island Beach

      Renovated duplex, two units, short-term rental potential near the ocean.
      111 NE 19Th St, Oak Island, NC 28465
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    • $235,000

      Affordable Island Living Opportunity

      Mobile home near Oak Island amenities, sold as is.
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    • $379,000
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      3760 George Ii Hwy, Southport, NC 28461

      Commercial real estate • 5.00 Acres
      3760 George Ii Hwy, Southport, NC 28461
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    FAQs

    What type of property is this?
    Specialty property - Duplex near the beach with income potential.
    Where is this specialty property located?
    The property is located at 100 NE 43Rd St Oak Island, NC.
    What is the asking price?
    The asking price for this property is $589,000.
    What are key features of this property?
    This property features: - Prime location: Short walk to the beach and close to amenities.; - Duplex offers live-in-one, rent-the-other investment opportunity.; - Two units: Lower level with 2 bedrooms, 2 baths; upper level with 2 bedrooms, 1 bath.
    (888) 584-9431
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    100 NE 43Rd St Oak Island, NC 28465
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    Oak Island, NC 28465
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    100 NE 43Rd St Oak Island, NC 28465
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    We can help!
    Listing Contact
    Cory R Ellis
    Real Estate License ID: 322666
    (888) 584-9431
    Learn more
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