Four-Unit Quadplex with Water
For Sale
$1,200,000
518 Norton St, Oak Island, NC 28465
Two duplex buildings provide four rental units with established rental history and coastal waterway and marsh views.
Property Size3,024 SF
Price / SF$396.83
Days on Market71
Property Features for 518 Norton St
General Information
Standard status
Active
Size
3,024 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
shared courtyard
viewing deck
Building Details
Year Built
1973
Buildings
2
Listing Agency:
Northrop Realty
(910) 352-6471
Listed By:
Carolina Coastal Group
Source:
Coastalrealtyassociates
Added: Jun 21
Changed: Aug 30
Last Checked: Aug 30 at 1:49AM
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 Northrop Realty
Investment Insights
Based on property information with market context.
This 3,024-square-foot quadplex comprises two separate parcels, with one duplex on each parcel and four rental units overall. The property was built in 1973 and has benefited from new roofs on both buildings. Each unit has an established rental history, supporting continued operation as a multifamily rental property.
Shared outdoor features include a courtyard and viewing deck overlooking the Intracoastal Waterway and marsh. Public beach access is nearby, while restaurants, shopping, and area attractions are also within the surrounding coastal community. The property is located near Southport and between Wilmington, NC, and Myrtle Beach, SC, placing regional airports, healthcare, entertainment, and waterfront destinations within reach.
Shared outdoor features include a courtyard and viewing deck overlooking the Intracoastal Waterway and marsh. Public beach access is nearby, while restaurants, shopping, and area attractions are also within the surrounding coastal community. The property is located near Southport and between Wilmington, NC, and Myrtle Beach, SC, placing regional airports, healthcare, entertainment, and waterfront destinations within reach.
Key Highlights
- Four rental units across two separate parcels
- Two duplex buildings, one on each parcel
- 3,024 square feet; built in 1973
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two duplex buildings provide four rental units with established rental history and coastal waterway and marsh views.
Where is this quadplex located?
The property is located at 518 Norton St 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 across two separate parcels; Two duplex buildings, one on each parcel; 3,024 square feet; built in 1973
