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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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518 Norton St , Oak Island, NC 28465
$1,200,000
Est. Payment: $6,183.85/mo
8 Bed
4 Bath
3024 Sqft
Status: active | Days on site: 22
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House 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.

Highlights

Listed by Carolina Coastal Group , 910-352-6471 and Devin B. Tickle , 336-327-0716 Northrop Realty , 910-477-3501. Hive MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.34

Year Built

1973

County

Brunswick

Neighborhood

Yaupon Beach

School District

Brunswick County Schools

Listing ID

100583677

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:4
  • Full Bathrooms:
Appliances:Refrigerator, Range
Air Cond:Central Air
Fireplaces:
Floor:LVT/LVP,Carpet
Other:Public

Exterior Features

Lot:Fencing: None
Lot Dimensions:122x149x82x133
Garage Capacity:0
Zoning:Ok-R-9
Roof:Architectural Shingle
Parking Features:Gravel,Unpaved,Off Street,On Site
Principal Interest
$6,184
Taxes
$765

Home Price

$1,200,000

Loan Details

30 yrs
6.683%

Down Payment

20%
$240,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,183.85

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,183.85 $765.00 $0.00 $6,948.85
Yearly $74,206.16 $9,180.00 $0.00 $83,386.16
Total $2,226,184.93 $275,400.00 $0.00 $2,501,584.93

Today's Rates

30 Year

6.68%

20 Year

6.55%

15 Year

6.13%

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Market insight data is pulled from the same city as the listing being viewed (Oak Island, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Hive MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-01T21:50:36.000Z

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