# 518 Norton Street, Oak Island, NC 28465 > **TL;DR:** 8bd/4ba multi-family, $1,200,000 ($397/sqft), built 1973, 3,024 sqft. > View, A/C. Est. $6,418/mo. Listed 129 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,200,000 | | Price/sqft | $397 | | Bedrooms | 8 | | Bathrooms | 4 full | | Square Feet | 3,024 | | Year Built | 1973 | | Lot Size | 14,636 sqft (0.34 acres) | | Stories | 1 | | Property Type | Multi-Family (Quadruplex) | | Status | Active | | Days on Market | 129 | ## Why This Home Stands Out - **Views** - Water ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $6,068 | | Estimated Insurance | $350 | | **Total** | **$6,418** | ## Nearby Schools - **Elementary:** Southport - **Middle:** South Brunswick - **High:** South Brunswick ## Key Amenities - View - A/C ## Property Highlights - Built in 1973 - 0.34 acre lot ## Description ### Agent 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. ## Location - **Address:** 518 Norton Street, Oak Island, NC 28465 - **County:** Brunswick - **Neighborhood:** Yaupon Beach - **Coordinates:** 33.912385, -78.078362 - **Google Maps:** https://www.google.com/maps?q=33.912385,-78.078362 ## Listing Agent - **Name:** Carolina Coastal Group - **Brokerage:** Northrop Realty - **Broker Phone:** 9104773501 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/518-Norton-St_Oak-Island_NC_28465_M55163-20891?f=listhub&s=HIVEMLSNC&m=100583677&c=propsimple) ## Photos ![518 Norton Street - Photo 1](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f745384605r.jpg) ![518 Norton Street - Photo 2](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f3415213060r.jpg) ![518 Norton Street - Photo 3](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f2237228470r.jpg) ![518 Norton Street - Photo 4](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f2256369916r.jpg) ![518 Norton Street - Photo 5](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f300783132r.jpg) ![518 Norton Street - Photo 6](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f3890878358r.jpg) ![518 Norton Street - Photo 7](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f354974282r.jpg) ![518 Norton Street - Photo 8](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f3529774629r.jpg) ![518 Norton Street - Photo 9](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f4216454388r.jpg) ![518 Norton Street - Photo 10](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f309950634r.jpg) ![518 Norton Street - Photo 11](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f3327767762r.jpg) ![518 Norton Street - Photo 12](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f2343850498r.jpg) ![518 Norton Street - Photo 13](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f2797555161r.jpg) ![518 Norton Street - Photo 14](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f1719099754r.jpg) ![518 Norton Street - Photo 15](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f1360737703r.jpg) ![518 Norton Street - Photo 16](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f823044536r.jpg) ![518 Norton Street - Photo 17](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f1133301680r.jpg) ![518 Norton Street - Photo 18](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f531206813r.jpg) ![518 Norton Street - Photo 19](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f1089841547r.jpg) ![518 Norton Street - Photo 20](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f1000273189r.jpg) ![518 Norton Street - Photo 21](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f1535077481r.jpg) ![518 Norton Street - Photo 22](http://lh.rdcpix.com/f5f3cf728c838946f032d757b1a5d16el-f2809970924r.jpg) --- **MLS#:** 100583677 | **Updated:** 2026-10-23 **Source:** listhub *Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/518-norton-street-oak-island-nc-28465-819dfc4e4f5f4e80b34ceb810a0695f2) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/518-norton-street-oak-island-nc-28465-819dfc4e4f5f4e80b34ceb810a0695f2#listing", "url": "https://www.propertysimple.ai/listing/518-norton-street-oak-island-nc-28465-819dfc4e4f5f4e80b34ceb810a0695f2", "name": "518 Norton Street, Oak Island, NC 28465", "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. 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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. 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