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    314 K Avenue Kure Beach, NC 28449

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    Claim this Listing
    New
    For Sale
    $1,250,000

    MULTI_FAMILY - Kure Beach, NC

    Property size:
    2,751 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $454/SF
    Added:
    Apr 24, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 30 at 5:06 am

    Property Features for 314 K Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RA-2
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bathroom 1
    Parking
    2
    Parking features
    Garage, Off Street
    Window features
    Storm Window(s)
    Patio and Porch features
    Deck, Patio
    Interior features
    Wash/Dry Connect, Kitchen Island, 2nd Kitchen, Ceiling Fan(s), Furnished, Pantry, Walk-in Shower, Blinds/Shades
    Exterior features
    Mail on Site, Gas Grill
    Appliances
    Electric Oven, Electric Cooktop, Built-In Microwave, Built-In Electric Oven, Washer, Refrigerator, Humidifier, Dryer, Disposal, Dishwasher
    Standard status
    Active
    APN
    R09213-012-007-000
    Size
    2,751 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot # 21 in Blk 34 of Kure Beach as same is shown on a map recorded in Map Book 4, Page 90 of the NHC Registry.
    Tax Annual Amount
    4348

    Utilities

    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1981
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Tile, Hardwood, Carpet, Lvt/lvp
    Building materials
    Brick, Vinyl Siding, Wood Siding, Wood Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Atlantic Edge Partners

    Listing agent Atlantic Edge Partners

    Listing office Intracoastal Realty Corp 1900 Eastwood Road, Suite 38, Wilmington, NC

    Listing date Apr 24, 2026

    MLS# 100569925 Listing URL

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Kure Beach Multifamily Home

    This is a fully furnished, multiple-occupancy home with ocean views, situated just 3 blocks from the beach, boardwalk, and Kure Beach Pier. It is suitable for investors, house-hackers, or multi-generational living. Each floor operates as a separate unit with a private entrance and separately metered utilities. The downstairs unit is approximately 959 square feet with 2 bedrooms, 1 bathroom, a kitchen, and a living area. The upstairs unit is approximately 1,792 square feet with 3 bedrooms, 2 bathrooms, a full kitchen, and a large open living area. Additional features include an oversized 2-car garage (approximately 833 square feet) with a half bath and an 18' x 8' flex space, plus additional driveway parking and an 816 square foot parking pad. Outdoor amenities include a 353 square foot patio with a pergola and fire pit, and 665 square feet of rebuilt upper decks with ocean views. The property is located on a corner 50' x 100' lot, with no HOA, and is not in a flood zone. It has RA-2 zoning for flexible short, mid, and long-term rental use and a strong rental history. Recent updates include a fortified roof (2022), new windows (2025), flooring, interior and exterior paint, an upstairs primary bath renovation, and cleaned and sanitized ductwork. The property is ready for immediate use as an income property or beach home with rental income. The total property size is 2751 square feet and the lot size is 0.12 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kure Beach
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.9080144
    Latitude
    33.9987466

    Nearby Similar for Sale

    • $999,900
      2,273 SF

      Kure Beach Triplex Investment Opportunity

      Boho-style triplex near Kure Beach with strong rental income.
      135 N Third Avenue N, Kure Beach, NC 28449
      View Details
    • $549,000
      634 SF

      Kure Beach Seaside Hideaway

      Two cottages near the ocean with redevelopment potential.
      218 N Third Avenue N, Kure Beach, NC 28449
      View Details
    • $475,999
      1,116 SF

      Luxurious Condo with Ocean Views

      Rare, renovated condo in Kure Beach with stunning ocean views.
      1604 Sand Dollar Court, Kure Beach, NC 28449,
      View Details

    FAQs

    What type of property is this?
    Duplex - Turnkey, furnished home near the beach with ocean views.
    Where is this duplex located?
    The property is located at 314 K Avenue Kure Beach, NC.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Turnkey, fully furnished property with strong rental history, ready for immediate use as an income property or beach home.; Multiple‑occupancy home with two separate units, each with private entrance and separately metered utilities, ideal for investors or multi‑generational living.; Enjoy ocean views and a convenient location just 3 blocks from the beach, boardwalk, and Kure Beach Pier.
    (910) 789-4799
    We can help!
    Listing Contact
    Atlantic Edge Partners
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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