Triplex with Separate
New
For Sale
$650,000
48843 NC 12 Highway, Buxton, NC 27920
RESIDENTIAL, Buxton, NC
Property Size1,506 SF
Lot Size0.65 Acres
Price / SF$431.61
Days on Market3
Property Features for 48843 NC 12 Highway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-3
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 3, Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2
Parking features
Off Street
Appliances
Dishwasher, Microwave, Range/Oven, Refrigerator, Washer
Subdivision
Buxton Oceanside
Standard status
Active
Size
1,506 SF
Lot size
0.65 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1727
Amenities
private front and back porches
dedicated laundry room
upstairs laundry area
Building Details
Year built
1930
Flooring type
Wood, Tile, Carpet
Building materials
Frame
Buildings
1
Listing Agency:
Resort Realty - Frisco
(252) 441-8551
Listed By:
Kristian Head · License #338015
(252) 305-7087
Added: Oct 30
Last Checked: Nov 1 at 1:06PM
MLS# 134513
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.
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Investment Insights
Based on property information with market context.
This triplex combines a three-bedroom, two-bath main home with two separate apartments. The upstairs apartment has two bedrooms, while the downstairs unit has one. The property contains 1,506 square feet on a 0.65-acre lot and is zoned C-3. The main home features a custom kitchen with a quartz island, gas range, and walk-in pantry, along with white oak flooring and mini-split heating and air conditioning. Both apartments have kitchens and tankless gas water heaters; the upstairs unit also has front and rear porches.
Set along NC Highway 12 in Buxton, the property has two electric meters and two water meters. Updates since 2021 include a new septic system sized for seven bedrooms, siding, windows, and a roof. Off-street parking is available.
Set along NC Highway 12 in Buxton, the property has two electric meters and two water meters. Updates since 2021 include a new septic system sized for seven bedrooms, siding, windows, and a roof. Off-street parking is available.
Key Highlights
- Three living spaces: a 3‑bedroom, 2‑bath home, a 2‑bedroom apartment, and a 1‑bedroom apartment
- 1,506 square feet on a 0.65‑acre lot
- C‑3 zoning and frontage along NC Highway 12 in Buxton
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,233
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,660
$444.7K
Cap Rate 7%
$317,614
$317.6K
Cap Rate 9%
$247,033
$247.0K
Market Conditions
NOI Build-Up for 1,506 SF
Gross rent
$33.4K $22.20/SF
− Vacancy
−$1.7K −$1.11/SF
EGI
$31.8K $21.09/SF
− OpEx
−$9.5K −$6.33/SF
NOI
$22.2K $14.76/SF
Area
Dare County, NC
Vacancy
5.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,660
Cap Rate 7%
$317,614
Cap Rate 9%
$247,033
Alternative Uses
Best Use
Multifamily LT 5
$317.6K
$277.9K – $370.6K
NOI $22,233 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$294.3K
$257.5K – $343.3K
NOI $20,598 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$363.5K
$318.1K – $424.1K
NOI $25,445 @ 7.0% cap · market cap 3.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three living spaces comprise a three-bedroom home and two apartments, each with a private entrance.
Where is this triplex located?
The property is located at 48843 NC 12 Highway Buxton, NC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three living spaces: a 3‑bedroom, 2‑bath home, a 2‑bedroom apartment, and a 1‑bedroom apartment; 1,506 square feet on a 0.65‑acre lot; C‑3 zoning and frontage along NC Highway 12 in Buxton
