$1,200,000
 $6,260 est/mo Sourced by Back At You

518 Norton Street,Oak Island, NC 28465

Oak Island, NC 28465

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Description

**4 UNITS! WATERWAY VIEWS! ESTABLISHED RENTAL HISTORY!** Rare opportunity to own four income-producing units on Oak Island with Intracoastal Waterway and marsh views. This unique offering consists of two separate parcels, each improved with a duplex, for a total of four rental units. **(This listing includes 518 Norton Dr and 516 Norton Dr. 516 Norton Dr, Lot 9, PID 250CG04401.)** Each unit has an established rental history, providing immediate income potential and making this an attractive addition to an investment portfolio. Whether you're looking to continue operating all four units as rentals, create a family compound, occupy one unit while generating income from the others, or explore future redevelopment opportunities, the possibilities are extensive with this versatile Oak Island property. Perfectly positioned to take advantage of coastal living, residents enjoy beautiful Intracoastal Waterway and marsh views from the shared courtyard and viewing deck. Public beach access is nearby, offering the best of both worlds--easy access to the beach and the relaxing scenery of the waterway. The property has benefited from ongoing ownership improvements over the years, including new roofs on both buildings, while maintaining the character and charm that make Oak Island such a sought-after coastal destination. Conveniently located near local restaurants, shopping, and area attractions, you'll also be just minutes from the historic waterfront town of Southport, known for its boutique shopping, waterfront dining, and coastal charm. Conveniently situated between Wilmington, NC and Myrtle Beach, SC, owners enjoy easy access to airports, entertainment, healthcare, and everything the Carolina coast has to offer. Whether you're searching for a proven investment property, a long-term hold in a highly desirable beach market, a multi-generational retreat, or a property with future upside potential, this unique offering delivers location, flexibility, water views, and opportunity in one of North Carolina's most desirable coastal communities.

Details

MLS #100583677
Listing TypeFor Sale
StyleFourplex
Sub-TypeResale
StatusActive
Year1973
Days On Site60
Listing Provided ByNorthrop Realty | Carolina Coastal Group

Features

Bed(s)8
Bath(s)4
SQ Feet3,024
Story(s)1
Units4
ZoningOk-R-9
Acreage0.34
Property ViewICW, Marsh, Water

Interior

Interior FeaturesNone
Heating Yes / NoYes
Cooling Yes / NoYes
CoolingCentral Air
Laundry FeaturesDryer Hookup, Washer Hookup
FurnishedUnfurnished

Exterior

RoofArchitectural Shingle
Foundation DetailsSlab
Waterfront FeaturesNone
ViewICW, Marsh, Water
Construction MaterialsWood Siding, Wood Frame

Parking

Attached Garage Yes / NoNo
Garage Yes / NoNo
Parking FeaturesGravel, Unpaved, Off Street, On Site

Utilities

UtilitiesSewer Connected, Water Connected

Taxes

Tax Assessed Value362130
Tax Book Number36
Tax Legal DescriptionL-9 B2Bb Yaupon Plat 36/201L-10 B2Bb Yaupon Plat 36/201
Tax Year2025

Area Information

StateNC
CountyBrunswick
CityOak Island
Zip Code28465
Community NameYaupon Beach
School DistrictBrunswick County Schools
Elementary SchoolSouthport
High SchoolSouth Brunswick
Listing VS Median (in Yaupon Beach)
Price:
$1,200,000
low | high
Med:
$1,200,000
50% of Average
sqft:
3,024
low | high
Med:
2,771
58.366402116402% of Average
$ / sqft:
$397
low | high
Med:
$437
39.952343129468% of Average
On site:
60
low | high
Med:
46.5
100% of Average
Sourced by Back At You

Market Activity 28465

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Learn More About This Property

Coldwell Banker Sea Coast Advantage

Coldwell Banker Sea Coast Advantage

 (910) 202-2830clientcare@seacoastrealty.com
StateNC
CountyBrunswick
CityOak Island
Zip Code28465
Community NameYaupon Beach
School DistrictBrunswick County Schools
Elementary SchoolSouthport
High SchoolSouth Brunswick
Listing VS Median (in Yaupon Beach)
Price:
$1,200,000
low | high
Med:
$1,200,000
50% of Average
sqft:
3,024
low | high
Med:
2,771
58.366402116402% of Average
$ / sqft:
$397
low | high
Med:
$437
39.952343129468% of Average
On site:
60
low | high
Med:
46.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $900K - $1.5M
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
427 Womble Street Property Photo 1
$1,100,000
427 Womble Street
Oak Island, NC 28465
Listing Updated: August 20, 2026 at 10:21:11 PM PDT
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