510 W St George StreetSouthport, NC 28461
- Multi Family
- $1,699,900
- 5,268 SQFT
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 Checked
- 1 minute ago
- Last Updated
- Jul 28, 2026
- Days on Website
- 15
Property Details for 510 W St George Street
510 W St George Street is a Multi Family commercial space for sale in Southport, NC 28461.
Please contact Zack Bryant Team at Berkshire Hathaway HomeServices Carolina Premier Properties direct by phone at 910-746-7000. You may also reach Berkshire Hathaway HomeServices Carolina Premier Properties by phone at 910-222-4060.
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Listing Provider for 510 W St George Street
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- Agent:
- Zack Bryant Team
- Agent Phone Number:
- 910-746-7000
- Office:
- Berkshire Hathaway HomeServices Carolina Premier Properties
- Office Phone Number:
- 910-222-4060
- MLS ID:
- 100590676
- Data Source:
- Hive MLS
- Last Checked:
- 1 minute ago
- Last Updated:
- July 28, 2026 6:58 PM UTC
- Days on Site:
- 15
