Property Type:
Multi-Family
Bedrooms:
10
Baths:
9
Square Footage:
5,268
Lot Size (sq. ft.):
10,977
Status:
Active
Current Price:
$1,699,900
List Date:
7/22/2026
Last Modified:
7/28/2026
Overview
Description
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.
Last Updated: July - 28 - 2026
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