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Remodeled Furnished Beach Quadplex
For Sale
$1,375,000

1603 Lake Park Blvd S, Carolina Beach, NC 28428

Turnkey multifamily property with beach access, updated interiors, and furnished units ready for rental use.

Property Size2,042 SF
Price / SF$673.36
Days on Market490

Property Features for 1603 Lake Park Blvd S

General Information

Standard status Active
Size 2,042 SF
Total Parking Spaces 8
Property subtype Multi-Family

Additional Details

Furnished Yes
Multifamily Units 4

Building Details

Year Built 1955
Listing Agency: Nest Realty
Listed By: Abby D Harris · License #302840
Source: Coastalrealtyassociates
Added: Apr 28, 2025 Changed: Aug 29 Last Checked: Aug 29 at 8:11PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nest Realty

Investment Insights

Based on property information with market context.

This four-unit quadplex at 1603 Lake Park Blvd S in Carolina Beach has been fully renovated and furnished. Improvements include new subflooring, LVP flooring, trim, drywall, paint, kitchens, bathrooms, vanities, water heater, roof, fascia, soffit, furniture, AC enclosures, back deck, and beach walkways. The property is configured for short-term, mid-term, or long-term rental use.

The building is positioned on the Texas Avenue beach access and sits 27 steps from the beach. It is adjacent to the CB/KB pipeline and is identified as outside the flood zone, although water intrusion occurred during the No Name storm on September 24. The property has cinderblock firewalls between units, no HOA, and zoning that permits the ability to build upward. Eight parking spots are lined, with room for a ninth space.

Key Highlights

  • Four‑unit quadplex built in 1955
  • 27 steps from the beach at the Texas Avenue beach access
  • Fully renovated and furnished, including updated kitchens and bathrooms

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
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Frequently Asked Questions

What type of property is this?
Quadplex - Turnkey multifamily property with beach access, updated interiors, and furnished units ready for rental use.
Where is this quadplex located?
The property is located at 1603 Lake Park Blvd 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 quadplex built in 1955; 27 steps from the beach at the Texas Avenue beach access; Fully renovated and furnished, including updated kitchens and bathrooms
More about this property
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