$1,649,000
About this home
Grandfathered short-term rental rights in downtown Southport -- the one thing investors can't buy anymore, and this five-unit has it. Four bright 2BR/2BA units built in 2019 plus a private cottage, set on a quarter-acre pond-front lot three blocks from the shops, restaurants, and waterfront of one of North Carolina's most beloved coastal towns. The opportunity pencils two ways: projected at $150,000 gross on all annual leases, or blend in short-term rentals on two units and the pro forma reaches $181,250 gross -- roughly a 7.2% projected cap at asking. Newer construction keeps maintenance light, tenants pay their own utilities, and Oak Island's beaches are minutes away. A walkable, water-view income property with a licensing moat around it -- the kind of Southport offering that comes along once a cycle. Pro forma projections available; buyers to verify all figures and rental permissions. Offered at $1,699,900.
Property details
- MLS #
- 100590676
- Property type
- Quadruplex
- Subdivision
- Not In Subdivision
- Status
- Active
- Days on market
- 78
- On market date
- July 22, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- 4
- Parking spaces
- 4
- Lot size
- 0.25 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 432
- Student:teacher ratio
- 13.9:1
- District
- Brunswick County Schools
- Enrollment
- 636
- Student:teacher ratio
- 17.2:1
- District
- Brunswick County Schools
- Enrollment
- 365
- Student:teacher ratio
- 33.2:1
- District
- Brunswick County Schools
Walkability
Blended score for Southport's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.
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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated 7 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.