Five-Unit Apartment
510 W St George St, Southport, NC 28461
For Sale
$1,649,000
Pond-front income property with grandfathered short-term rental rights.
Property Size5,268 SF
Lot Size0.25 Acres
Price / SF$313.02
Days on Market124
Property Features for 510 W St George St
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Building Details
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Carolina Premier Properties
Listed By:
Zack Bryant Team
(910) 746-7000
Source:
Coastalrealtyassociates
Added: Jul 10
Changed: Nov 1
Last Checked: Nov 10 at 12:06PM
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 Berkshire Hathaway HomeServices Carolina Premier Properties
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Investment Insights
Based on property information with market context.
This five-unit apartment property combines four 2BR/2BA residences constructed in 2019 with a separate private cottage. The improvements occupy a quarter-acre pond-front lot and include grandfathered short-term rental rights, supporting a mix of annual leasing and short-term rental use. The property is also positioned for tenant-paid utilities, as stated in the offering details.
Southport shops, restaurants, and the waterfront are approximately three blocks away, placing everyday downtown destinations within walking distance. Oak Island beaches are described as minutes from the property. The offering includes four newer apartment units and a cottage within one multifamily asset, with short-term rentals identified for two units in the proposed operating approach.
Southport shops, restaurants, and the waterfront are approximately three blocks away, placing everyday downtown destinations within walking distance. Oak Island beaches are described as minutes from the property. The offering includes four newer apartment units and a cottage within one multifamily asset, with short-term rentals identified for two units in the proposed operating approach.
Key Highlights
- Five‑unit apartment property with four 2BR/2BA units and a private cottage
- Four apartment units constructed in 2019
- Grandfathered short‑term rental rights
Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
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Business Placement
Demographics for 28461, NC
22,141
Population
14,435
Households
1.5
Avg Household Size
62
Median Age
39%
College-Educated
95%
High-School Grad
75.9 sq mi
ZIP Area
292
Density / Sq Mi
$79,681
Median Household Income
$41,587
Median Earnings
$1,356
Median Rent
$388,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Pond-front income property with grandfathered short-term rental rights.
Where is this apartment building located?
The property is located at 510 W St George St Southport, NC.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Five‑unit apartment property with four 2BR/2BA units and a private cottage; Four apartment units constructed in 2019; Grandfathered short‑term rental rights
