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    1603 Lake Park Blvd S, Unit 3 Carolina Beach, NC 28428

    For Sale
    $1,375,000

    MULTI_FAMILY - Carolina Beach, NC

    Property size:
    2,042 SF
    Lot size:
    0.12 Acres
    Days on Market:
    10
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 1603 Lake Park Blvd S

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    MF
    Rooms
    Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 1
    Bedrooms
    4
    Bathrooms
    4
    APN
    R09018-012-001-000
    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
    Size
    2,042 SF
    Lot size
    0.12 Acres

    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
    Roof type
    Shingle

    Nest Realty (910) 550-2788

    Listing agent Abby D Harris (910) 550-2788 License #302840

    Listing date Nov 26, 2025

    MLS# 100534749 Listing URL

    Copyright © 2025 Hive MLS / Topsail Island Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Ocean-Access Quadplex

    This is a fully remodeled and furnished turn-key 4-unit quadplex with ocean access, located on the Texas Ave beach access in Carolina Beach. Adjacent to the CB/KB pipeline, the property is situated on one of the island's popular surfing locations. Built in 1955, this property presents an opportunity for a 1031 exchange or for investors seeking bonus depreciation via cost segregation study. It is suitable as a turn-key Airbnb or for mid/long-term rental purposes. The property has no HOA and is not in a flood zone, despite being located near the beach. Zoning permits the ability to build up, and the property is constructed with a cinderblock firewall between units, potentially allowing for the units to be broken into individual condos. The property is lined for 8 parking spots, with room for 9 spaces. The former long-term/midterm multifamily rental had not flooded prior to the No Name storm of September 24 but experienced water intrusion during that storm. It has since been fully renovated with new subfloor, LVP, trim, drywall and paint, kitchens, bathrooms, vanities, and water heater. Additional improvements include a new roof, facia, soffit, furniture and staging, AC enclosures, back deck, and walkways to the beach. The property is currently turnkey and ready to rent. The lot size is 0.12 acres, and the property size is 2042 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Building Supply Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop Accounting Firm Kitchen & Bath Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Carolina Beach
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.899683
    Latitude
    34.015271

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    FAQs

    What type of property is this?
    Quadplex - Remodeled, furnished 4-unit property near Texas Ave beach access.
    Where is this quadplex located?
    The property is located at 1603 Lake Park Blvd S, Unit 3 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: - Turn-key, fully furnished 4-unit quadplex, ready for immediate rental income (Airbnb or mid/long term).; - Located steps from Texas Ave beach access, a popular surfing location.; - Not in a flood zone, despite proximity to the beach.
    (910) 550-2788
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    Realmo Value Estimation

    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.

    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.

    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
    1603 Lake Park Blvd S, Unit 3 Carolina Beach, NC 28428
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