Water-View Quadplex
For Sale
$1,200,000
518 Norton Street, Oak Island, NC 28465
Residential Income, Oak Island, NC
Property Size3,024 SF
Lot Size0.34 Acres
Price / SF$396.83
Days on Market87
Property Features for 518 Norton Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Ok-R-9
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 7, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 2, Bedroom 8
Parking features
Off Street, Paved or Surfaced
Appliances
Refrigerator, Range
Subdivision
Yaupon Beach
View
Water
Elementary school
Southport
Middle school
South Brunswick
High school
South Brunswick
High school district
Brunswick County Schools
Directions
Travel West on Oak Island Drive, turn right on Norton Street, property on right.
Standard status
Active
APN
250cg04401
Size
3,024 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
L-9 B2Bb Yaupon Plat 36/201 L-10 B2Bb Yaupon Plat 36/201
Legal Description
L-9 B2Bb Yaupon Plat 36/201 L-10 B2Bb Yaupon Plat 36/201
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
courtyard
viewing deck
Building Details
Year built
1973
Floors in Building
1
Number of units
4
Flooring type
Carpet, Lvt/lvp
Building materials
Wood Siding, Wood Frame
Roof type
Shingle
Listing Agency:
Northrop Realty
(910) 477-3501
Listed By:
Carolina Coastal Group
(910) 352-6471
Added: Jun 23
Changed: Sep 12
Last Checked: Sep 17 at 4:06AM
MLS# 100583677
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 coastal multifamily property comprises two separate parcels, with a duplex on each parcel and four rental units overall. The buildings provide a combined 3,024 square feet and were constructed in 1973. Both structures have received new roofs, and the property includes central air, heat pumps, public water, paved off-street parking, refrigerators, and ranges. Flooring includes LVT/LVP and carpet, with wood siding and wood-frame construction.
A shared courtyard and viewing deck overlook the Intracoastal Waterway and marsh. Public beach access is nearby, while restaurants, shopping, and area attractions are available in the surrounding Oak Island community. Southport is minutes away, and the property sits between Wilmington, NC and Myrtle Beach, SC. The zoning designation is OK-R-9, and the combined site measures 0.336 acres.
A shared courtyard and viewing deck overlook the Intracoastal Waterway and marsh. Public beach access is nearby, while restaurants, shopping, and area attractions are available in the surrounding Oak Island community. Southport is minutes away, and the property sits between Wilmington, NC and Myrtle Beach, SC. The zoning designation is OK-R-9, and the combined site measures 0.336 acres.
Key Highlights
- Four rental units arranged as two duplex buildings across two separate parcels
- Combined building area of 3,024 square feet on 0.336 acres
- Intracoastal Waterway and marsh views from the shared courtyard and viewing deck
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 28465, NC
8,020
Population
10,482
Households
0.8
Avg Household Size
60
Median Age
45%
College-Educated
97%
High-School Grad
10.9 sq mi
ZIP Area
736
Density / Sq Mi
$83,739
Median Household Income
$49,936
Median Earnings
$1,154
Median Rent
$436,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four rental units across two duplex buildings with nearby public beach access and views of the Intracoastal Waterway and marsh.
Where is this quadplex located?
The property is located at 518 Norton Street Oak Island, NC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four rental units arranged as two duplex buildings across two separate parcels; Combined building area of 3,024 square feet on 0.336 acres; Intracoastal Waterway and marsh views from the shared courtyard and viewing deck
