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Furnished Ocean-Access Quadplex
For Sale
$1,375,000

1603 Lake Park Boulevard S, Carolina Beach, NC 28428

Residential Income, Carolina Beach, NC

Property Size2,042 SF
Lot Size0.12 Acres
Price / SF$673.36
Days on Market336

Property Features for 1603 Lake Park Boulevard S

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning MF
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 2
Parking features Driveway
Patio and Porch features Deck
Interior features Wash/Dry Connect, Ceiling Fan(s), Furnished, Blinds/Shades
Exterior features Storm Doors
Appliances Vented Exhaust Fan, Electric Cooktop, Built-In Microwave, Built-In Electric Oven, Refrigerator, Dishwasher
Subdivision Wilmington Beach
Lot features Corner Lot, Ocean Side
View Ocean
Elementary school Carolina Beach
Middle school Murray
High school Ashley
Directions 421 S (Carolina Beach Rd) to Carolina Beach. Drive through downtown Carolina Beach and the property will be located on the left side of the street directly on the Texas ave beach access.
Standard status Active
APN R09018-012-001-000
Size 2,042 SF
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 2 13 WILM BCH
Tax Annual Amount 4562
Legal Description 2 13 WILM BCH

Utilities

Heating system Electric (Heating)
Water source Public

Building Details

Year built 1955
Floors in Building 1
Number of units 4
Flooring type Lvt/lvp
Building materials Concrete, Stucco, Fiber Cement, Wood Frame
Roof type Shingle
Listing Agency: Nest Realty
Listed By: Abby D Harris · License #302840
Added: Oct 7, 2025 Changed: Aug 19 Last Checked: Sep 7 at 11:06AM
MLS# 100534749

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.

Investment Insights

Based on property information with market context.

This four-unit multifamily property contains 2,042 square feet on a 0.115-acre lot and was built in 1955. The furnished interiors include four bedrooms, four bathrooms, kitchens with electric appliances, LVP flooring, ceiling fans, and washer/dryer connections. Recent renovation work addressed the subfloor, drywall, trim, paint, kitchens, bathrooms, vanities, and water heater systems. Additional improvements include a shingle roof, fascia, soffit, rear deck, walkways, AC enclosures, furniture, and staging.

Located at 1603 Lake Park Boulevard S in Carolina Beach, the property is 27 steps from the beach and provides ocean access near the Texas Avenue beach access. The site is zoned MF, has public water, and includes driveway parking currently lined for eight spaces with room for nine. There is no HOA. The source information also identifies potential for additional vertical construction under the zoning and notes cinderblock firewalls between units that could potentially support separate condominium configuration.

Key Highlights

  • Four‑unit multifamily property with 2,042 square feet on 0.115 acres
  • 27 steps from the beach near the Texas Avenue beach access
  • MF zoning with potential for additional vertical construction

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Building Supply Auto Repair Shop HVAC Service Grocery & Convenience Store Big Box & Wholesale Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

136
Businesses Nearby

Demographics for 28428, NC

6,848
Population
6,268
Households
1.1
Avg Household Size
51
Median Age
48%
College-Educated
98%
High-School Grad
5.2 sq mi
ZIP Area
1,317
Density / Sq Mi
$87,670
Median Household Income
$41,138
Median Earnings
$1,515
Median Rent
$490,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Renovated four-unit property with MF zoning, furnished interiors, and direct beach-access proximity.
Where is this quadplex located?
The property is located at 1603 Lake Park Boulevard S Carolina Beach, NC.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Four‑unit multifamily property with 2,042 square feet on 0.115 acres; 27 steps from the beach near the Texas Avenue beach access; MF zoning with potential for additional vertical construction
More about this property
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