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

$599,900


5

Beds


4

Baths


3,064

Sq Ft


Single Family

Active

Listed by

Heather VanderMyde

Aleksandra Jarrell

Coldwell Banker Seaside Realty - Kdh

252-480-4444

Last updated:

August 29, 2025, 09:11 PM

MLS#

130355

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 seeking strong returns and long-term growth. Generating $66,000 in annual income with room to expand, this multi-unit offering includes three distinct rental units plus a leased storage shed, all thoughtfully renovated and ideally located. The main building features a spacious three-bedroom, two-bath upstairs apartment with modern finishes and generous living space. On the ground level, a one-bedroom, one-bath with a separate flex space/office offers a private entrance, full kitchen (no stove), and in-unit laundry. The third unit is a charming one-bedroom apartment, with one bath, and a great room/kitchen (no stove). A separate storage shed/ workshop is also leased for added income. Recent renovations showcase luxury vinyl flooring, stylish vanities, artsy tilework, and a sleek backsplash. The exterior is low-maintenance with vinyl siding, a large yard, and shared outdoor space. Located just steps from the Nags Head Woods Nature Preserve, this property appeals to renters who value both natural beauty and convenience. The Ocean Acres stoplight location provides easy access to shopping, dining, and all the Outer Banks has to offer. Whether you're expanding your portfolio or capitalizing on the area's growing rental demand, this property is a must-see for investors ready to unlock its full potential. All improvements have been thoughtfully completed with proper permits and full town approval, ensuring compliance with local building codes and zoning regulations. From structural updates to mechanical systems, every detail has been professionally executed and inspected for peace of mind.

Home Facts

Single Family

4 Baths

5 Bedrooms

Built in 1973

Price Summary

599,900

$195 per Sq. Ft.

MLS #:

130355

Last Updated:

August 29, 2025, 09:11 PM

Added:

15 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

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:

$599,900

Price per Sq. Ft:

$195 per Sq. Ft.

301 W Ocean Acres Drive
Source:NC OBAR
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