Quadruplex at 510 W St George Street, Southport, NC 28461
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51 photos

$1,649,000

510 W St George Street, Southport, NC 28461
Southport, NC 28461
Listed by Zack Bryant Team · Berkshire Hathaway HomeServices Carolina Premier Properties
Bedrooms
10
Bathrooms
N/A
Living area
N/A
Year built
2019

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. .

Property details

MLS
Hive MLS
MLS #
100590676
Property type
Quadruplex
Subdivision
Not In Subdivision
Status
Active
Days on market
90
On market date
July 22, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
4
Parking spaces
4
Lot size
0.25 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
Southport Elementary
0.38 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
432
Student:teacher ratio
13.9:1
District
Brunswick County Schools
Middle
South Brunswick Middle
6.08 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
636
Student:teacher ratio
17.2:1
District
Brunswick County Schools
High
Brunswick County Early College
14.19 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
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.

58
Somewhat walkable
out of 100
EPA National Walkability Index
11.7 / 20 -- Above average walkable

Market position

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

On the market 90 days -- 45 fewer days than Southport's current average of 135 days.
For reference, the median list price across 477 active listings in Southport right now is $395,000.

Mortgage calculator

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

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Est. monthly payment
$10,080/mo
$329,800 down
$1,319,200 loan
Principal & interest$8,556
Property tax (est.)$1,374
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated 10 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.