518 Norton Street, Oak Island, NC 28465
Local realty services provided by:ERA Wilder Realty
518 Norton Street,Oak Island, NC 28465
$1,200,000
- 8 Beds
- 4 Baths
- 3,024 sq. ft.
- Multi-family
- Active
Listed by: carolina coastal group, devin b. tickle
Office: northrop realty
MLS#:100583677
Source:NC_CCAR
Price summary
- Price:$1,200,000
- Price per sq. ft.:$396.83
About this home
**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....
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Home facts
- Year built:1973
- Listing ID #:100583677
- Added:3 day(s) ago
- Updated:June 27, 2026 at 10:18 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Carpet
- Kitchen Description:Range, Refrigerator
- Living area:3,024 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric, Heat Pump, Heating
- Central air:Yes
Structure and exterior
- Roof:Architectural Shingle
- Year built:1973
- Building area:3,024 sq. ft.
- Lot area:0.34 Acres
- Construction Materials:Wood Frame, Wood Siding
- Exterior Features:Screened
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:South Brunswick
- Middle school:South Brunswick
- Elementary school:Southport
Utilities
- Water:Water Connected
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,200,000
- Price per sq. ft.:$396.83
Features and amenities
- Appliances:Range, Refrigerator
- Laundry features:Washer Hookup
Parking
- Parking description:Gravel, Off Street, On Site, Unpaved
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