Browse All Oak Island NC Multi-Family Properties for Sale

Opportunity meets coastal living at this income-producing duplex on beautiful Oak Island! Whether you're looking to expand your investment portfolio or secure a property in one of Brunswick County's most sought-after beach communities, this is the one you have been waiting for. Each tenant-occupied unit features 2 bedrooms, 1 full bath, approximately 850 heated square feet, updated kitchens with modern cabinetry, stylish countertops, stainless steel appliances, luxury vinyl plank flooring, central heating and air, and washer/dryer hookups (washer and dryer do not convey). Designed with both function and style in mind, the bright, open living spaces create a welcoming atmosphere. Situated in a location just minutes from Oak Island's beaches, public boat access, dining, and shopping add to the property's long-term appeal. Whether you're adding to your portfolio or looking for a property that offers immediate income in one of coastal North Carolina's most desirable beach communities, opportunities like this don't come along often. Tenant leases end 1/31/27, Unit A pays $1,325 per month and Unit B pays $1,300 per month.

413 Keziah St Unit A & B, Oak Island

$1,200,000

8 Beds ⋅ 4 Baths ⋅ 100583677 MLS

**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.

518 Norton St, Oak Island

$850,000

6 Beds ⋅ 3 Baths ⋅ 100580696 MLS

THREE INCOME-PRODUCING RENTAL UNITS! OCEAN VIEWS! OVERLOOKING MIDDLETON PARK! Unique opportunity to own a triplex in the heart of Oak Island featuring three separate two-story units, each with its own private entrance. With all units currently occupied, this property offers established rental income from day one while providing exceptional flexibility for future use. Whether you're looking to continue operating all three units as income-producing rentals, occupy one unit while renting the others, or create the perfect coastal getaway with built-in income potential, the possibilities are endless with this one-of-a-kind property. Relax--own a piece of Oak Island while rental income helps make beach ownership a breeze. Ideally positioned with ocean views and overlooking Middleton Park, owners and tenants enjoy front-row access to many of Oak Island's most popular events, including the summer concert series, farmers markets, festivals, pickleball courts, tennis courts, ball fields, playgrounds, and recreational amenities. Public beach access is just a short distance away, making it easy to enjoy the best of island living. Located in the center of Oak Island, you'll also enjoy convenient access to local restaurants, shopping, entertainment, and area attractions. Just minutes from the historic waterfront town of Southport, known for its boutique shopping, waterfront dining, and coastal charm, this location offers the best of beach living. 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 multi-generational beach retreat, or a second home with income potential, this unique Oak Island triplex delivers location, flexibility, and opportunity in one of North Carolina's most desirable coastal communities.

133 Se 48th St, Oak Island

$643,700

5 Beds ⋅ 5 Baths ⋅ 100575529 MLS

This new listing is expected to sell quickly. Ideal to use as a duplex OR convert into 1 large family home! You could short term rent or choose to offer with long term lease. Live in one side and rent the other or maximize and rent both. The possibilities are endless with the beach at the end of the street along with the Town fishing pier. Nearby fish market, restaurants, shopping and of course ice cream. One side is 3 bedrooms with 3.5 baths and the other is 2 bedrooms with 2.5 baths Plus a garage. You decide what is the highest & best use for you! Fabulous opportunity to own a duplex with great income potential. Left side unit has 3 bed/3.5 baths with 2 master suites (one down/one up), and outdoor storage shed. Right side has 2 bed/2.5 bath (both bedrooms upstairs, 2 full baths upstairs, 1/2 bath downstairs and 1 car garage. (2) Hvac's installed 2025 and roof 2022 You need to act quickly on this one.

429 Womble St, Oak Island

$2,600,000

100574137 MLS

Exceptional development opportunity on Oak Island! These two vacant land lots are ideally positioned just one street from the ocean in one of the island's most sought after coastal locations. Zoned and available for the development of up to 26 condos, this property presents a rare chance for investors and developers to capitalize on the growing demand for luxury beachside living and vacation rentals.Located near public beach access, restaurants, shopping, and entertainment, this prime site offers incredible potential for a high-income producing condo project in a thriving coastal market. With strong tourism, expanding development, and limited ocean-area land availability, this property is perfectly suited for a premier residential or mixed-use investment. Don't miss this rare opportunity to develop a 26-unit condo project just steps from the beach on beautiful Oak Island, NC.

120 Se 58th St, Oak Island

$731,250

4 Beds ⋅ 2 Baths ⋅ 100563115 MLS

Welcome to coastal living at its finest! Located at 2902 E Beach Drive on beautiful Oak Island, this stunning property offers the perfect blend of relaxation and investment potential. Just steps from the sand, you'll enjoy breathtaking ocean views, refreshing sea breezes, and easy beach access right outside your door. This home is ideal as a primary residence, vacation getaway, or income-producing rental. Enjoy spacious living areas filled with natural light, inviting outdoor spaces perfect for entertaining, and the soothing sound of the waves as your everyday backdrop. Whether you're sipping your morning coffee while watching the sunrise over the Atlantic or unwinding after a long day with the ocean as your view, this property captures the essence of beachside living. Don't miss your chance to own a slice of paradise on Oak Island--where every day feels like a vacation! Property is being sold in 'AS-IS' condition, with no known issues.

2902 E Beach Dr, Oak Island

$850,000

6 Beds ⋅ 4 Baths ⋅ 100532124 MLS

This exceptional property offers the perfect combination of flexibility, location, and lifestyle. Whether you choose to rent each floor individually, the entire home together, or enjoy it yourself, the options are endless. Each level is fully independent with its own kitchen and private laundry, creating comfort and convenience for every space. The location is truly unbeatable. Positioned directly across the street from the beach on the front side and the slough on the back, the home enjoys sweeping ocean views in front and serene water views behind. Just steps from your back door, you'll find Lonerider Restaurant and Marina along with the public boat ramp, making it easy to grab a bite, dock your boat, or launch directly into the Intracoastal Waterway. In addition, The Point—Oak Island's most iconic stretch of sand and surf—is only minutes away, giving you quick access to both boating and the beach lifestyle in one perfect spot. The property itself is thoughtfully designed for versatility. The ground level is a completely separate two-bedroom, one-bath unit with a full kitchen, screened porch, and private laundry—ideal for guests or rental income. The middle and top floors are connected by interior stairs but also offer private exterior entries, allowing them to function as a single residence or independent rentals. Adding to its appeal, the majority of the property sits in the desirable X (0.2) flood zone, offering peace of mind and long-term value. Whether you're looking for a year-round home, a vacation getaway, or a proven investment property, this rare West-End triplex checks every box.

5416 W Beach Dr, Oak Island

$450,000

6 Beds ⋅ 2 Baths ⋅ 100530095 MLS

PHENOMENAL INVESTMENT OPPORTUNITY! This tenant occupied 6 Bedroom, 2 Full Bathroom duplex provides 3 Bedrooms and 1 Full Bathroom on each side generating steady monthly rental income for its Owner. That's right, the ready-made gross rental income currently stands at $34,200 annually with recent renovations made to the front side unit. This property is located just 0.9 miles to the beach and just three blocks from easy on and off access to the island via the newer Middleton Street bridge, and a short distance to all the island's goods and services. Come view your next great chance for a solid Oak Island beach investment! Schedule your showing today!!

148 Nw 3rd St Unit Units A & B, Oak Island

$440,000

5 Beds ⋅ 2 Baths ⋅ 100521392 MLS

Coastal Charm Meets Investment Opportunity - Just Two Blocks from the Beach Scenic Walk Over! This all-brick, single-story duplex offers the perfect blend of long-term rental income and laid-back coastal living. Nestled on a generous .35-acre lot, this 1945 Ft ² property is just steps from the 31st Street beach walkover, Recreation Center, Kayak Launch and Basket Ball Courts making it a dream for investors, house hackers, or those seeking a beach retreat with built-in income. This solidly built has two sides and is currently tenant-occupied on month-to-month leases, providing immediate, stable cash flow. Live in one side and rent the other, or rent both — the flexibility is yours! Side A: 2 Bed / 1 Bath, HVAC (2010), Water Heater (2023). Side B: 3 Bed / 1 Bath, HVAC (2019), Water Heater (2017). Both Sides Feature Stylish LVP flooring and crawl space spray foam insulation for energy efficiency. With its durable brick exterior, and unbeatable location just a short stroll to the sand and surf, this home offers both lifestyle and legacy. Whether you're building your investment portfolio or planting roots on Oak Island, this home delivers.

2902 E Oak Island Dr Unit A&B, Oak Island

$775,000

5 Beds ⋅ 3 Baths ⋅ 100425823 MLS

BACK ON THE MARKET, NO FAULT WITH THE HOME. Discover coastal charm and lucrative investment potential with this second-row triplex in Oak Island, NC. Perched just steps from the beach, this property presents three units, each boasting its own entrance and mesmerizing ocean views. Two of the units feature two bedrooms and one bath, ideal for both residents and renters seeking comfort by the coast. The third unit offers a cozy one-bedroom, one-bathroom layout, perfect for a small family or intimate retreat. The downstairs unit has undergone a complete renovation, showcasing modern upgrades and luxurious finishes throughout. Meanwhile, the upstairs unit retains the original beach cottage charm, with quaint details and a relaxed atmosphere that embodies the essence of coastal living. Whether you're seeking a permanent residence, a vacation getaway, or a savvy investment opportunity, this triplex offers versatility and endless possibilities. Embrace the serene coastal lifestyle and seize the chance to own a piece of Oak Island's coveted real estate. Listed under MLS as residential single family home - MLS number 100428915

1606 E Beach Dr, Oak Island

$384,000

6 Beds ⋅ 2 Baths ⋅ 100391797 MLS

Welcome to this duplex located on Oak Island, offering a fantastic opportunity for those seeking a handyman special or fixer-upper with great rental potential. Sold ''as is,'' this property presents a blank canvas for renovations and upgrades to transform it into a remarkable investment property. Conveniently situated just one block away from the 20th Street Walkover, this duplex provides easy access to the sandy shores of Oak Island. Whether you are an investor looking to maximize rental income or an individual seeking a home with additional rental potential, this property offers both possibilities. Each side of the duplex features three bedrooms and one bathroom. The interior of the duplex offers a great starting point for renovations. With some creative touches, you can enhance the living areas, update the kitchens, and create an inviting space that tenants or residents can enjoy. If you are ready to roll up your sleeves and embark on a renovation project, do not miss this fantastic opportunity. With its ''sold as is'' condition, this duplex is priced attractively and awaits your creative vision. Schedule a showing today and discover the incredible potential this property holds as a great rental investment.

111 Ne 19th St, Oak Island

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