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3935 Smith Street, 
Kitty Hawk, NC 27949

$449,000


3

Beds


3

Baths


1,791

Sq Ft


Single Family

Pending

Listed by

Lynn Bulman

Howard Hanna Outer Banks Realty

252-679-3111

Last updated:

September 15, 2026, 09:19 AM

MLS#

133546

Source:

NC OBAR

About This Home

3935 Smith Street

Excellent investment opportunity just a short walk from the beach! This income-producing property offers two separate rental units with established rental history, making it an ideal addition to an investment portfolio or an excellent option for an owner seeking supplemental rental income. The upper-level unit features three spacious bedrooms and two full bathrooms with a comfortable, well-designed floor plan that appeals to long-term tenants. This unit is currently occupied by a reliable long-term renter paying $2,250 per month, providing immediate, consistent cash flow. The lower-level unit offers a one-bedroom, one-bath layout complete with a living area and kitchenette. It is also long-term tenant occupied for $1250/mo. Together, the property produces $3,500 in monthly rental income with both units already leased. Inside, both units are in nice, move-in-ready condition, allowing a new owner to continue collecting rental income without the need for significant interior improvements. The functional layouts, well-maintained interiors, and proximity to the beach make this property attractive to both current and future tenants. The exterior presents an opportunity for value-added improvements. The home will benefit from replacement of the siding, exterior deck, and stairs, providing the next owner with the chance to enhance curb appeal while increasing the property's long-term value. The owner is currently cleaning and improving the yard, further enhancing the outdoor space. Adding to its appeal, the property offers a beach view and is located within an easy walk of the shoreline, allowing tenants to enjoy coastal living without the premium price of direct waterfront ownership. This desirable location supports strong rental demand and long-term investment potential. Whether you're looking to expand your rental portfolio, generate immediate income, or invest in a property with upside potential, this duplex offers an appealing combination of established cash flow, desirable location, and future improvement opportunities. Don't miss the chance to own a versatile coastal investment with steady income and room to add value.

Home Facts

Single Family

3 Baths

3 Bedrooms

Built in 1984

Subdivision & Development:

Ted Wood Kh Ter

Price Summary

449,000

$250 per Sq. Ft.

MLS #:

133546

Last Updated:

September 15, 2026, 09:19 AM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

1,791 Sq. Ft.


Structure

Structure

Architectural Style:

Coastal

Building Area:

1,791 Sq. Ft.

Year Built:

1984


Finances & Disclosures

Finances

Price:

$449,000

Price per Sq. Ft:

$250 per Sq. Ft.

Source:NC OBAR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.