Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1611 New River Inlet Road North Topsail Beach, NC 28460

    View on Map
    Claim this Listing
    For Sale
    $1,150,000

    MULTI_FAMILY - North Topsail Beach, NC

    Property size:
    2,614 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $439/SF
    Added:
    Jan 2, 2025
    Days on Market:
    484
    Last Refresh:
    May 1 at 8:06 pm

    Property Features for 1611 New River Inlet Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-10
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 2
    Interior features
    Master Downstairs, Furnished
    Exterior features
    Dock, Balcony
    Standard status
    Active
    APN
    779b-60
    Size
    2,614 SF
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    Lot 9 Galleon Bay 1611, 1613, and 1615 New River Inlet Rd
    Tax Annual Amount
    10162

    Utilities

    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Central Air
    Water front
    1

    Building Details

    Year built
    1972
    Floors in Building
    1
    Number of units
    3
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Rodney Vest

    Listing agent Rodney Vest License #298533

    Listing office Realty ONE Group Affinity-Wilmington 2000 New River Inlet Rd #2006, N. Topsail Beach, NC

    Listing date Jan 2, 2025

    MLS# 100482049 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.

    Overview

    North Topsail Beach Investment Opportunity

    This property in North Topsail Beach, NC, presents an investment opportunity with three distinct units on a single parcel. The property includes a private boat ramp and dockage suitable for all three units. Unit 1, located at 1611 New River Inlet Road, features a spacious 2-bedroom, 1.5-bath layout with an additional bonus room and loft. It includes an open kitchen, a large living room, private laundry, and ocean views. Unit 2, located at 1615 New River Inlet Road, is a 2-bedroom, 1-bath unit with a bright, open floor plan and canal views. Unit 3, located at 1613 New River Inlet Road, is a charming 1-bedroom cottage situated between the other two units, offering water views. The property is zoned R-10 and has a lot size of 0.26 acres. The property offers close beach access, providing both ocean and canal views. The property is suitable for personal use, vacation rentals, or long-term leasing. The total property size is 2614 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Map

    City
    North Topsail Beach
    County
    State
    North Carolina
    Longitude
    -77.4388
    Latitude
    34.5396

    Nearby Similar for Sale

    • $725,000
      1,632 SF

      Water View Duplex in North Topsail

      Duplex with water views, two beds, two baths per unit.
      111 Phil Harris Lane, North Topsail Beach, NC 28460
      View Details
    • $85,000

      Upgraded RV in Coastal Campground

      Comfortable, upgraded RV in North Topsail Beach campground.
      120 Quarterdeck Street lot: 120-G, North Topsail Beach, NC 28460
      View Details
    • $110,000

      North Topsail Beach Campground Lot

      Spacious pull-through lot with camper and deck near bathhouse.
      Dock Street lot: 144, North Topsail Beach, NC 28460
      View Details
    • $95,000

      North Topsail Beach Land Parcel

      Land parcel with campground amenities in North Topsail Beach.
      Quarterdeck Street lot: 133-G, North Topsail Beach, NC 28460
      View Details
    • $144,900

      North Topsail Beach Land

      Land with camper, storage trailer, and campground amenities.
      Mullet Street lot: 85B, North Topsail Beach, NC 28460
      View Details
    • $124,900

      North Topsail Beach Campground Land

      Campground lot with amenities in North Topsail Beach, NC.
      15 Jetty Street lot: 15B, North Topsail Beach, NC 28460
      View Details
    • $200,000

      Coastal Campground with Water Access

      Coastal getaway with water access and beach parking.
      88-89g Pelican Street lot: 88-G And 89-G, North Topsail Beach, NC 28460
      View Details
    • $99,000

      Coastal RV Lot Near Ocean

      RV lot near the beach with resort-style amenities.
      172 Herring Street lot: 172, North Topsail Beach, NC 28460
      View Details
    • $130,000

      Coastal North Topsail Beach Property

      Coastal North Carolina property moments from the sand and surf.
      91 Carolina Street lot: 91 O, North Topsail Beach, NC 28460
      View Details
    • $2,200,000
      5,400 SF

      North Topsail Beach Duplex

      Second-row duplex with ocean and sound views, furnished.
      876-878 Villas Drive, North Topsail Beach, NC 28460
      View Details
    • $99,900

      North Topsail Beach Land

      Land in a resort community near the Atlantic Ocean.
      Reel St lot: 151, North Topsail Beach, NC 28460
      View Details
    • $154,900

      North Topsail Beach Land

      Land with camper and covered porch in North Topsail Beach.
      Carolina Street lot: 86, North Topsail Beach, NC 28460
      View Details

    FAQs

    What type of property is this?
    Triplex - Second-row, canal-front property featuring three distinct units.
    Where is this triplex located?
    The property is located at 1611 New River Inlet Road North Topsail Beach, NC.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: Three separate units on one canal‑front property offer diverse income potential.; Private boat ramp and dockage provide direct access to the water.; Second‑row location provides both ocean and canal views with close beach access.
    (843) 321-1018
    We can help!
    Listing Contact
    Rodney Vest
    Real Estate License ID: 298533
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry

    1611 New River Inlet Road, North Topsail Beach, NC 28460

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!