Quadruplex at 1603 Lake Park Boulevard S, Carolina Beach, NC 28428
Quadruplex at 1603 Lake Park Boulevard S, Carolina Beach, NC 28428, photo 2 of 6
Quadruplex at 1603 Lake Park Boulevard S, Carolina Beach, NC 28428, photo 3 of 6
Quadruplex at 1603 Lake Park Boulevard S, Carolina Beach, NC 28428, photo 4 of 6
Quadruplex at 1603 Lake Park Boulevard S, Carolina Beach, NC 28428, photo 5 of 6
Quadruplex at 1603 Lake Park Boulevard S, Carolina Beach, NC 28428, photo 6 of 6
6 photos

$1,325,000

1603 Lake Park Boulevard S, Carolina Beach, NC 28428
Carolina Beach, NC 28428
Listed by Abby D Harris · Nest Realty
Bedrooms
4
Bathrooms
N/A
Living area
N/A
Year built
1955

About this home

The Harris Group is excited to present this fully remodeled and furnished turn-key 4-Unit Ocean-Access Quadplex located on the Texas Ave beach access in Carolina Beach. Located adjacent to the CB/KB pipeline, ''Surf Station'' is built on one of the most popular beach access surfing locations on the island. This opportunity is perfect for a 1031 exchange, investor looking to capture Bonus Depreciation via Cost Seg study, or anyone looking for a fully functioning turn-key AirBNB or Mid/Long term rental multifamily property. No HOA, Not in a flood zone despite being just 27 steps from the beach, potential value-add opportunity in that zoning permits ability to build UP, and property is constructed with cinderblock firewall between units which could potentially allow for units to be broken into individually condos. Currently lined for 8 parking spots, has room for 9 spaces. Built in 1955, this former longterm/midterm multifamily rental had never flooded prior to the No Name storm of September 24, but did get water intrusion during that historic storm, and has been fully renovated with new subfloor, LVP, trim, drywall and paint, kitchens, bathrooms, vanities, water heater. In addition, owners also completed new roof, facia, soffit, furniture and staging, AC enclosures, back deck and walkways to beach, and is currently turnkey and ready to rent.

Property details

MLS
Hive MLS
MLS #
100534749
Property type
Quadruplex
Subdivision
Wilmington Beach
Status
Active
Days on market
375
On market date
October 7, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.12 acres
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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.

Elementary
Carolina Beach Elementary
1.08 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
409
Student:teacher ratio
14.6:1
District
New Hanover County Schools
Middle
Charles P Murray Middle
5.91 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
832
Student:teacher ratio
16.6:1
District
New Hanover County Schools
High
Eugene Ashley High
5.89 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
2.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
1,931
Student:teacher ratio
18.2:1
District
New Hanover County Schools

Walkability

Blended score for Carolina Beach'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). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

54
Somewhat walkable
out of 100
EPA National Walkability Index
9.2 / 20 -- Below average walkable
Google Places amenity density
65 / 100
Restaurants & cafes20
Grocery stores1
Parks14
Schools3
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Carolina Beach, from live MLS data.

On the market 375 days -- 255 more days than Carolina Beach's current average of 120 days.
For reference, the median list price across 250 active listings in Carolina Beach right now is $599,450.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$8,129/mo
$265,000 down
$1,060,000 loan
Principal & interest$6,875
Property tax (est.)$1,104
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated 29 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.