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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,024 sqft
Price per Sqft $396
Subdivision Yaupon Beach
MLS Listing ID 100583677
Style Wood Frame
Bedrooms 8
HOA Y/N No
Year Built 1973
Lot Size 0.336 Acres
Acres 0.34
Lot Dimensions 122x149x82x133
Property Sub-Type Quadruplex
Source Hive MLS
Property Description
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.
Location
State NC
County Brunswick
Community Yaupon Beach
Zoning Ok-R-9
Direction Travel West on Oak Island Drive, turn right on Norton Street, property on right.
Location Details Island
Rooms
Basement None
Interior
Interior Features None
Heating Electric, Heat Pump
Cooling Central Air
Flooring LVT/LVP, Carpet
Furnishings Unfurnished
Appliance Refrigerator, Range
Laundry Dryer Hookup, Washer Hookup
Exterior
Parking Features Gravel, Unpaved, Off Street, On Site
Pool None
Utilities Available Sewer Connected, Water Connected
Waterfront Description None
View ICW, Marsh, Water
Roof Type Architectural Shingle
Porch Screened
Garage No
Building
Entry Level One
Foundation Slab
Water Public
Level or Stories 1
New Construction No
Schools
Elementary Schools Southport
Middle Schools South Brunswick
High Schools South Brunswick
Others
Tax ID 250cg04401
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Nearby School & Business
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