518 Norton Street
Oak Island, NC, 28465 $ 1,200,000
Bedrooms8 Baths4.0 Sq 3,024 Monthly Estimate*
$ 7,577
for $1,200,000 with 8 bedrooms and 4 full baths. This 3,024 square foot home was built in 1973 on a lot size of 0.34.
**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.
See more
FeaturesInteriorInterior Amenities None
Basement None
Flooring LVT/LVP Carpet
Furnished Y/N Unfurnished
Water Heater Electric
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features Dryer Hookup Washer Hookup
Total Bedrooms 8
Total Baths 4
See more
GeneralHeating Electric Heat Pump
Cooling Central Air
Utilities Sewer Connected Water Connected
Possession Close Of Escrow At Closing
Roof Architectural Shingle
Appliances Refrigerator Range
Zoning Ok-R-9
Patio/Porch Features Screened
Pool Features None
Construction Materials Wood Siding Wood Frame
Year Built 1973
View ICW Marsh Water
Levels One
Property Subtype Quadruplex
Tax Year 2025
Parcel Number 250cg04401
Waterfront Features None
County Brunswick
Operating Expense 0.0
New Construction N
Property Type Residential Income
In City Limits? (Y/N) Y
HOA N
Attached Garage N
Subdivision Name Yaupon Beach
Garage Y/N N
Status Active
Directions Travel West on Oak Island Drive turn right on Norton Street property on right.
High School South Brunswick
City Oak Island
High School District Brunswick County Schools
Number Of Units Total 4
Lot Size Units Acres
Lot Size Square Feet 14636.0
Carport Spaces 0.0
Carport Y/N N
Green Building Verification Type None
Elementary School Southport
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Middle/Junior High School South Brunswick
Lease Considered Y/N N
Structure Type Wood Frame
Standard Status Active
Tax Assessed Value 362130
Legal Description L-9 B2Bb Yaupon Plat 36/201 L-10 B2Bb Yaupon Plat 36/201
See more
ExteriorExterior Finish Wood Siding
Fencing None
Parking Features Gravel Unpaved Off Street On Site
Water Source Public
Total Parking 0.0
Lot Size Area 0.34
Foundation Details Slab
Spa N
Building Area Total 3024.0
Lot Dimensions 122x149x82x133
Lot Size Acres 0.34
Road Surface Type Paved
Frontage Type Marsh Front ICW Front
Waterfront Y/N N
Road Frontage Type Maintained City Street State Road Paved
Crops Included Y/N N
Horse Y/N N
See more
* Excluded FeaturesList ByCarolina Coastal GroupListing Agent
burt@carolinacoastalgroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,577
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Oak Island, NC
Average List Price $787,500
Percent of Sale Price 34%
About Oak Island, NC 8,346 Population
23% Since 2002
$ 55,425 Median Income
55.39 Median Age
16% Households with Children
Trends Information provided by ATTOM Data Solutions.
4664917 Elementary School
4664920 Middle School
South Brunswick High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/23/2026 | $1,200,000 | | Listed Price |