Water-View Quadplex
518 Norton Street, Oak Island, NC 28465
For Sale
$1,200,000
Residential Income, Oak Island, NC
Property Size3,024 SF
Lot Size0.34 Acres
Price / SF$396.83
Days on Market141
Property Features for 518 Norton Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Appliances
Subdivision
View
Elementary school
Middle school
High school
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Water source
Amenities
shared courtyard
viewing deck
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Northrop Realty
(910) 477-3501
Listed By:
Carolina Coastal Group
(910) 352-6471
Added: Jun 23
Changed: Oct 30
Last Checked: Nov 10 at 6:06PM
MLS# 100583677
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Investment Insights
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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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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
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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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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
