Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    510 St George St W, Unit George Southport, NC 28461

    Sponsored
    For Sale
    $1,775,000

    MULTI_FAMILY - Southport, NC

    Property size:
    5,262 SF
    Lot size:
    0.25 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 8 at 5:06 am

    Property Features for 510 St George St W

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    SP-MF
    Rooms
    Bedroom 6, Bedroom 8, Bathroom 1, Bathroom 6, Bedroom 4, Bedroom 7, Bathroom 4, Bathroom 9, Bathroom 5, Bathroom 7, Bedroom 10, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 8, Bedroom 3, Bedroom 2, Bedroom 9, Bathroom 3
    Bedrooms
    10
    Bathrooms
    9
    APN
    237la02885
    Parking
    4
    Parking features
    Driveway
    Patio and Porch features
    Porch, Patio
    Interior features
    Kitchen Island
    Appliances
    Electric Oven, Electric Cooktop, Refrigerator
    Size
    5,262 SF
    Lot size
    0.25 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Electric (Heating), Forced Air
    Cooling system
    Heat Pump, Central Air
    Water source
    Public

    Building Details

    Year built
    2019
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Lvt/lvp
    Building materials
    Brick Veneer, Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Zack Bryant

    Berkshire Hathaway HomeServices Carolina Premier Properties (910) 431-2498

    Listing agent Zack Bryant (910) 256-0021 License #340946

    Listing date Feb 5, 2026

    MLS# 100552561 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

    Southport Multifamily Investment Opportunity

    This Southport investment property, constructed in 2019, features four units, each with two bedrooms and two bathrooms. The residences back onto a pond, providing privacy. The property generates $13,500 per month in rental income and is grandfathered for short-term rentals. The location is within walking distance of the Southport Yacht Basin and Safe Haven House. An additional 570 square foot cottage is located on its own lot and is currently rented for $2,000 per month. The property is situated on a 0.25-acre lot. The total property size is 5,262 square feet. The zoning is SP-MF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Southport
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.026438
    Latitude
    33.922117

    Nearby Similar for Sale

    • New
      $1,500,000
      4,692 SF

      Southport Multifamily Investment Opportunity

      Four-unit property with short-term rental grandfathering and strong income.
      514 St George St W, Southport, NC 28461
      View Details
    • $1,675,000
      1.79 Acres

      Southport Mobile Home Park

      Mobile home park near historic downtown waterfront in Southport, NC.
      1209 N Howe St, Southport, NC 28461
      View Details
    • $120,000
      100 SF

      Campground Site with 99-Year Lease

      Rare campground site with 99-year lease, beach access.
      4125 Long Beach Rd SE, Southport, NC 28461
      View Details
    • $100,000
      10 SF

      Campground Site with Rental Potential

      Leasehold campground site near beach with modern amenities and rental options.
      4125 Long Beach Rd SE, Southport, NC 28461
      View Details
    • $420,000

      Waterfront Condo with Intracoastal Views

      Spacious condo with office, balcony, and resort-style amenities.
      2100 Marsh Grove Ln, Southport, NC 28461
      View Details
    • $1,599,999
      2,448 SF

      Historic Southport Property For Sale

      Historic property in downtown Southport with business district zoning.
      211 N Howe St, Southport, NC 28461
      View Details
    • $1,280,000
      7,224 SF

      Southport Retail Investment Opportunity

      Fully occupied retail property with owner financing available.
      5101 Southeast Southport Supply Rd, Southport, NC 28461
      View Details
    • $100,000

      St. James Marina 36' Slip

      36' boat slip in St. James Plantation Marina.
      2571 St James Dr SE, Southport, NC 28461
      View Details
    • $749,000

      Mixed-Use Property with Development Potential

      Mixed-use property with income potential and development opportunities.
      4583 Long Beach Rd, Southport, NC 28461
      View Details
    • $1,680,000
      7,140 SF

      Retail Property in High-Growth Community

      Triple-Net lease investment with value-add potential in Southport, NC.
      5177 Southport Supply Rd SE, Southport, NC 28461
      View Details
    • $800,000
      6,752 SF

      Southport Commercial Building Opportunity

      Prime Southport location, 6,752 sq ft, 1.37 acres.
      1501 Howe St, Southport, NC 28461
      View Details
    • $140,000
      0.14 Acres

      Southport Commercial Lot - Prime Location

      0.14-acre lot, ideal for development. High potential!
      1205 Howe St, Southport, NC 28461
      View Details

    FAQs

    What type of property is this?
    Quadplex - Unique 4-unit property with short-term rental advantage in Southport.
    Where is this quadplex located?
    The property is located at 510 St George St W, Unit George Southport, NC.
    What is the asking price?
    The asking price for this property is $1,775,000.
    What are key features of this property?
    This property features: - Grandfathered for short-term rentals (STR), a rare and valuable advantage in Southport.; - Currently generates $13,500/month in rental income from the 4-unit property.; - Prime location walkable to the Southport Yacht Basin and other amenities.
    (910) 256-0021
    Request Owner's contact information
    510 St George St W, Unit George Southport, NC 28461
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    510 St George St W, Unit George
    Southport, NC 28461
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    510 St George St W, Unit George Southport, NC 28461
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Zack Bryant
    Real Estate License ID: 340946
    (910) 256-0021
    Learn more
    Google sign-in failed. Please try again or use another login method.