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    Semi-Oceanfront Duplex at Cape Hatteras Title is generated by Realmo AI

    46013 A&B Little Kinnakeet Circle, Buxton, NC 27920

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    Claim this Listing
    For Sale
    $699,000

    MULTI_FAMILY - Buxton, NC

    Property size:
    2,978 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $234/SF
    Added:
    Mar 31, 2026
    Days on Market:
    98
    Last Refresh:
    Jul 6 at 8:06 pm

    Property Features for 46013 A&B Little Kinnakeet Circle

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    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
    Standard status
    Active
    Size
    2,978 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3398

    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

    We can help!

    Contact an agent
    Wendi Munden

    Listing agent Wendi Munden License #344581

    Listing office NC 12 Realty 50840 NC 12 Highway, Buxton, NC

    Listing date Mar 31, 2026

    MLS# 132345 Listing URL

    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.

    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
    • Screened porches in both units
    • Ground‑level dry entry with storage and outdoor showers
    • Built in 1997; electric heating/heat pump with central air; shingle roof

    Overview

    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.

    Local 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 (±1% cap)
    NOI $43,964 @ 7.0% cap · market cap 6.29%
    Second Best
    Apartment 5plus
    $581.9K
    $509.2K – $678.9K (±1% cap)
    NOI $40,732 @ 7.0% cap · market cap 5.83%
    Theoretical Best
    Office A
    $718.8K
    $629.0K – $838.6K (±1% cap)
    NOI $50,316 @ 7.0% cap · market cap 7.20%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Buxton
    County
    Dare
    State
    North Carolina
    Longitude
    -75.5211283
    Latitude
    35.2589026

    FAQs

    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
    More about this property
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