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518 Norton Street

Oak Island, NC 28465

$1,200,000 $5,059/Mo

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Overview

Bed

Bath

0.34

Acre(Lot)

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 Isl and 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.

Property Details

Property Type : Residential Income

Price : $1,200,000

AD Id : 85795572

MLS Id : 100583677

Beds : 8

Lot Size : 0.34 Acre

Year Built : 1973

County : Brunswick

Map

What's Nearby

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Features

Bedroom Information

Total beds: 8

Bathroom Information

Total Baths: 4

Room Information

Basement: None
Flooring Information

Carpet
Roofing Information

Shingle
Interior Features

Roof: Shingle Appliances: Refrigerator, Range, Electric Water Heater Laundry Features: Washer Hookup
Heating & Cooling

Has Heating: Yes Heating: Electric, Heat Pump Has Cooling: Yes Cooling: Central Air

Building Information

Year Built: 1973 Building Area Total: 3024 Construction Materials: Wood Siding, Frame Patio And Porch Features: Screened Pool Features: None Private Pool: No View: Water

Lot Information

Lot Dimensions: 122x149x82x133 Main Square Feet: 0.34 Acres Lot Size Acres: 0.34 Lot Size Square Feet: 14636

Property Information

Subdivision: Yaupon Beach Source Property Type: Residential Income Property SubType: Quadruplex Levels: One Property Age: 53

Listing Price Information

Listing Price: $1200000 Cash, Conventional

Tax Information

Parcel Number: 250cg04401 Tax Block: 201 Tax Year: 2025

Parking Information

Gravel, Unpaved, Off Street, On Site

School Information

Elementary School: Southport

Junior High School: South Brunswick

Senior High School: South Brunswick
Utility Information

Sewer Connected, Water Connected
Location Information

Direction: Travel West on Oak Island Drive, turn right on Norton Street, property on right. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
429 Womble Street, Oak Island, NC, 28465	$650,000	5	5	--
148 NW 3rd Street #UNIT.., Oak Island, NC, 28465	$450,000	6	2	--

The data relating to real estate on this website comes in part from the Internet Data Exchange program of Hive MLS. 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 ByOwner 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. Copyright ©2026 Hive MLS LLC. All Rights Reserved.

ByOwner last updated this listing 06/24/2026 @ 18:24

MLS: 100583677 LISTED BY: Carolina Coastal Group, Northrop Realty SOURCE: Hive MLS (North Carolina Regional)

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518 Norton Street

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