- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
Street View
$1,200,000
Monthly Est:$5,973
8 Beds
4 Baths
3,024sqft
518 Norton St, Oak Island, NC 28465
$1,200,000
$5,973/moEst:
Get Pre-Approved
Quadruplex
Built in 1973
$-- HOA
0.34 acre lot
$397/sq.ft
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.
- Houzeo last checked: 4 minutes ago
- Listing updated: August 18, 2026 at 10:06 pm
- Listing Provided by: Carolina Coastal Group (910) 352-6471 , Burt B Elmore (910) 352-6471 DRE #280710 | Northrop Realty (910) 477-3501
- Source: Hive MLS-NC | MLS#: 100583677
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1973
HOA Fees
-
Finished Area
3,024 sqft
Lot Size
0.34 acre lot
Basement Area
- sqft
MLS Name
Hive MLS
MLS Number
100583677
MLS Status
Active
Days on Market
107
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Interior
Cooling
Central Air
Flooring
Lvt/lvp, Carpet
Interior Features
None
Appliances
Refrigerator, Range
Heating
Electric, Heat Pump
Construction
Year Built
Year Built: 1973
Home type
Quadruplex
Foundation Details
Slab
Roof
Architectural Shingle
Construction Materials
Wood Siding, Wood Frame
Utilities & Energy
Pool Features
None
Water Source
Public
Utilities
Sewer Connected, Water Connected
Laundry Features
Dryer Hookup, Washer Hookup
Basement
None
Parking Features
Gravel, Unpaved, Off Street, On Site
Other Features
Subdivision Name
Yaupon Beach
Tenant Pays
All Utilities
Patio And Porch Features
Screened
Price History
| Date | Event | Price |
|---|---|---|
06/23/2026 Source: | Listed for Sale | $1,200,000 $397/sqft |
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Based on information from the Hive MLS, through Oct 08, 2026, 09:16PM. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of Oct 08, 2026, 09:16PM. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Chosen Realty LLC nor Houzeo shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2026 Hive MLS. All Rights Reserved.
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