Quadplex with Intracoastal Waterway
For Sale
$1,200,000
518 Norton Street, Oak Island, NC 28465
MULTI_FAMILY - Oak Island, NC
Property Size3,024 SF
Lot Size0.34 Acres
Price / SF$396.83
Days on Market50
Property Features for 518 Norton Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Ok-R-9
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 6, Bedroom 3, Bathroom 4, Bedroom 8, Bathroom 1, Bedroom 7, Bedroom 2, Bedroom 4
Parking features
Paved or Surfaced, Off Street
Appliances
Refrigerator, Range
Subdivision
Yaupon Beach
View
Water
Elementary school
Southport
Middle school
South Brunswick
High school
South Brunswick
High school district
Brunswick County Schools
Directions
Travel West on Oak Island Drive, turn right on Norton Street, property on right.
Standard status
Active
APN
250cg04401
Size
3,024 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
L-9 B2Bb Yaupon Plat 36/201 L-10 B2Bb Yaupon Plat 36/201
Legal Description
L-9 B2Bb Yaupon Plat 36/201 L-10 B2Bb Yaupon Plat 36/201
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
shared courtyard
viewing deck
Building Details
Year built
1973
Floors in Building
1
Number of units
4
Flooring type
Lvt/lvp, Carpet
Building materials
Wood Siding, Wood Frame
Roof type
Shingle
Listing Agency:
Northrop Realty
(910) 477-3501
Listed By:
Carolina Coastal Group
(910) 352-6471
Added: Jun 23
Changed: Aug 10
Last Checked: Aug 11 at 8:06PM
MLS# 100583677
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.
Investment Insights
Based on property information with market context.
This quadplex includes four rental units across two separate parcels, with each parcel improved by a duplex. The shared courtyard and viewing deck are positioned to take advantage of Intracoastal Waterway and marsh views, supporting a range of uses from continuing the rental program to occupying one unit while generating income from the others.
The property totals 0.336 acres and includes 3,024 square feet under roof. Zoning is listed as Ok-R-9. Built in 1973, the buildings use wood siding and wood frame construction, with shingle roofing. Heating is electric heat pump and the homes have central air conditioning. Public water is available, and the units include appliances such as refrigerators and ranges.
Ownership improvements over the years include new roofs on both buildings. Parking is off-street and paved or surfaced, with public beach access nearby.
The property totals 0.336 acres and includes 3,024 square feet under roof. Zoning is listed as Ok-R-9. Built in 1973, the buildings use wood siding and wood frame construction, with shingle roofing. Heating is electric heat pump and the homes have central air conditioning. Public water is available, and the units include appliances such as refrigerators and ranges.
Ownership improvements over the years include new roofs on both buildings. Parking is off-street and paved or surfaced, with public beach access nearby.
Key Highlights
- Four rental units across two separate parcels, each improved with a duplex
- Intracoastal Waterway and marsh views from the shared courtyard and viewing deck
- 0.336 acres and 3,024 square feet total
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
241
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex on two parcels with shared courtyard and deck overlooking the Intracoastal Waterway and marsh views.
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 across two separate parcels, each improved with a duplex; Intracoastal Waterway and marsh views from the shared courtyard and viewing deck; 0.336 acres and 3,024 square feet total
