$1,200,000

518 Norton Street, Oak Island, NC 28465

  • 8 beds |
  • 4 baths |
  • 3,024 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1973
  • Property Lot Size Icon0.34acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $397/sqft
  • Property List Date Icon Listed 5 days ago

Property 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.

Listing Status:
Active
Date Added:
June 23, 2026
Data Last Updated:
June 28, 2026 at 5:15AM
Listing Office:
Northrop Realty : 910-477-3501
MLS ID:
100583677
  • General: None
  • Appliances: RefrigeratorRange
  • Laundry: Dryer HookupWasher Hookup
  • Basement: None
  • Flooring: LVT/LVPCarpet
  • A/C: Central Air
  • Heating: ElectricHeat PumpElectric
  • Other Structures: Screened
  • Pool: None
  • Parking: GravelUnpavedOff StreetOn SiteParking spaces: 0
  • Roofing: Architectural Shingle
  • General: Wood SidingWood FrameOneSlab
  • Road/Access: MaintainedCity StreetState RoadPavedMarsh FrontICW Front
  • Originating MLS: Hive MLS
  • School District: Brunswick County Schools
  • County: Brunswick
  • Zoning: Ok-R-9L-9 B2Bb Yaupon Plat 36/201 L-10 B2Bb Yaupon Plat 36/201250cg04401
  • View: ICWMarshWater
  • Fencing: None
  • Utilities: Sewer ConnectedWater Connected
  • Water: Public
  • Sewer: Municipal Sewer
  • Source: Hive MLS

This listing courtesy of Northrop Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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