Semi-Oceanfront Duplex at Cape
For Sale
$699,000
46013 A&B Little Kinnakeet Circle, Buxton, NC 27920
MULTI_FAMILY - Buxton, NC
Property Size2,978 SF
Lot Size0.07 Acres
Price / SF$234.72
Days on Market124
Property Features for 46013 A&B Little Kinnakeet Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Laundry Room, Utility Room, Bathroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2
Interior features
All Window Treatments, Bay/Bow Window, Dryer Connection, Pantry, Washer Connection
Appliances
Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
Subdivision
Cottages at the Cape
Lot features
Adj. To Common Area, Cul-de-sac, Level
View
Park, Ocean
Directions
Old Lighthouse Road to the renovated past Coast Guard housing at Cottages at the Cape. First cul-de-sac on the left.
Standard status
Active
Size
2,978 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3398
HOA Fee
$4,380 Annually
Utilities
Heating system
Electric (Heating), Central, Heat Pump (Heating)
Cooling system
Central Air, Heat Pump
Water front features
Ocean Front
Water front
1
Building Details
Year built
1997
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
NC 12 Realty
(252) 995-6212
Listed By:
Wendi Munden · License #344581
(252) 305-0090
Added: Mar 31
Changed: Jun 21
Last Checked: Aug 1 at 3:06PM
MLS# 132345
Copyright © 2026 Outer Banks Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This semi-oceanfront duplex is located at the Cottages at the Cape. The turnkey property includes two separate units, offering a total of 4 bedrooms and spacious living areas. The units feature quartz countertops, low-maintenance LVP flooring, and screened porches. The porches are positioned to capture ocean breezes and views of the Cape Hatteras Lighthouse. The property offers flexibility for use as a personal beach retreat, income generation, shared ownership, or vacation rentals. Ground-level dry entry and storage with outdoor showers add convenience. The property is located in Buxton, North Carolina, in Dare County, with a lot size of 0.07 acres and a total property size of 2978 square feet.
Key Highlights
- Semi‑oceanfront duplex at the Cottages at the Cape with ocean‑front waterfront feature
- Two separate units totaling 4 bedrooms, designed for flexible personal use or rental use
- Each unit includes quartz countertops and low‑maintenance LVP flooring
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.1k | $22.20 |
| − Vacancy | −$3.3k | −$1.11 |
| EGI | $62.8k | $21.09 |
| − OpEx | −$18.8k | −$6.33 |
| NOI | $44.0k | $14.76 |
2,978 SF · lease $22.20/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$628.1K
$549.6K – $732.7K
NOI $43,964 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$581.9K
$509.2K – $678.9K
NOI $40,732 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$718.8K
$629.0K – $838.6K
NOI $50,316 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 27920, NC
1,181
Population
995
Households
1.2
Avg Household Size
52
Median Age
26%
College-Educated
95%
High-School Grad
7.8 sq mi
ZIP Area
151
Density / Sq Mi
$67,054
Median Household Income
$36,576
Median Earnings
$1,295
Median Rent
$385,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Semi-oceanfront duplex with income potential and lighthouse views.
Where is this duplex located?
The property is located at 46013 A&B Little Kinnakeet Circle Buxton, NC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Semi‑oceanfront duplex at the Cottages at the Cape with ocean‑front waterfront feature; Two separate units totaling 4 bedrooms, designed for flexible personal use or rental use; Each unit includes quartz countertops and low‑maintenance LVP flooring
