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301 W Ocean Acres Drive, 
Kill Devil Hills, NC 27948

$549,000


5

Beds


3

Baths


3,064

Sq Ft


Multi-Family

Active

Listed by

Heather VanderMyde

Aleksandra Jarrell

Coldwell Banker Seaside Realty - Kdh

252-480-4444

Last updated:

May 16, 2025, 11:17 AM

MLS#

129338

Source:

NC OBAR

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About This Home

301 W Ocean Acres Drive

This high-yield investment property in Ocean Acres presents a rare opportunity for savvy investors looking to maximize returns. With $66,600 in annual income and room to grow, this multi-unit property offers flexibility and strong earning potential.The main building features three separate rental units, including Unit #1 a spacious 3-bed, 2-bath top-level residence, Unit #2, a 2-bed, 1-bath lower-level unit with a private entrance, kitchen, and laundry. Additionally, two flex spacesone (Unit #3 in main building) is currently used as a one-bedroom, one bath rental and another casita-style unitoffer additional income opportunities (non-permitted).Originally a mobile home, the property has undergone a full down-to-the-studs renovation, incorporating modern upgrades such as artsy tile, stylish vanities, luxury vinyl flooring, and a sleek backsplash. The exterior is low-maintenance with vinyl siding, a large yard, and a shared storage shed for owner and tenant use. Situated steps from Nags Head Woods Nature Preserve, this property appeals to renters seeking both proximity to nature and convenient access to all the Outer Banks has to offer, thanks to the Ocean Acres stoplight location. Whether you're looking to expand your portfolio or capitalize on the growing rental demand in the Outer Banks, this property is a must-see for investors ready to unlock its full potential.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Built in 1973

Price Summary

549,000

$179 per Sq. Ft.

MLS #:

129338

Last Updated:

May 16, 2025, 11:17 AM

Added:

3 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

3,064 Sq. Ft.


Structure

Structure

Architectural Style:

Cottage

Building Area:

3,064 Sq. Ft.

Year Built:

1973


Lot

Lot Size (Sq. Ft):

12,500


Finances & Disclosures

Finances

Price:

$549,000

Price per Sq. Ft:

$179 per Sq. Ft.

301 W Ocean Acres Drive
Source:NC OBAR
The information being provided by Outer Banks Association of Realtors is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Outer Banks Association of Realtors All rights reserved.

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Contact an Agent

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