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    7411 Ocean Drive Emerald Isle, NC 28594

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    Claim this Listing
    Pending
    $1,895,000

    MULTI_FAMILY - Emerald Isle, NC

    Property size:
    2,700 SF
    Lot size:
    0.53 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 30 at 3:06 pm

    Property Features for 7411 Ocean Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 8, Bedroom 5, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 7
    Security features
    Security System
    Patio and Porch features
    Deck, Porch
    Interior features
    Master Downstairs, Wash/Dry Connect, Kitchen Island, Ceiling Fan(s), Furnished, Pantry, Blinds/Shades
    Exterior features
    Shutters - Hurricane, Shutters - Functiona, Trash on Site, Gas Grill, Balcony, Irrigation System, End Unit
    Appliances
    Electric Oven, Built-In Microwave, Water Softener, Washer, Self Cleaning Oven, Refrigerator, Range, Dryer, Double Oven, Disposal, Dishwasher, Convection Oven, ENERGY STAR Qualified Appliances
    Standard status
    Pending
    APN
    539306388151000
    Size
    2,700 SF
    Lot size
    0.53 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot 2 Jefferson Place
    Tax Annual Amount
    5467

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Heat Pump (Heating), Forced Air, Electric (Heating)
    Cooling system
    Heat Pump, Central Air
    Water source
    Public
    Water front features
    Beach Access, Waterfront
    Water front
    1

    Building Details

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

    We can help!

    Listing Contact
    Laurie Evans

    Listing agent Laurie Evans License #255173

    Listing office The Real Estate Studio 7301 Haymarket Lane, NC

    Listing date Mar 11, 2026

    MLS# 100559652 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

    Oceanfront Duplex in Emerald Isle

    This oceanfront duplex is located within walking distance of the pier and a short bike or golf cart ride to shopping and restaurants. Each side of the duplex features 4 bedrooms and 2 full baths, with the primary bedroom located on the ground floor. Upstairs, there are 3 additional bedrooms, 2 of which have balconies overlooking the ocean. Each unit includes private laundry facilities on the ground level with new washer and dryer units, as well as a shared owner's storage room. The property also features private front porches and private rear covered and uncovered porches, along with a shared walkway to the beach with a shower. Ample parking is available for both sides of the duplex. The west side has been used for short-term weekly rentals, generating $78,000 in 2024 and $72,000 in 2023. The east side, which has been completely remodeled, has been used as a personal getaway and is projected to generate $100,000+ in rental income. The west side is fully furnished with rentals in place. The property sits on a 0.53-acre lot and is professionally landscaped with irrigation. The exterior has been freshly painted and includes custom storm shutters. The property size is 2700 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Emerald Isle
    County
    Carteret
    State
    North Carolina
    Longitude
    -77.024703
    Latitude
    34.662956

    Nearby Similar for Sale

    • $2,175,000
      2,406 SF

      Oceanfront Rental Duplex on Crystal Coast

      Turnkey, fully furnished duplex on Emerald Isle's prized beaches.
      5213 Ocean Drive, Emerald Isle, NC 28594
      View Details
    • $869,900
      1,340 SF

      Emerald Isle Duplex For Sale

      Second-row duplex in Emerald Isle, North Carolina.
      101 24th Street, Emerald Isle, NC 28594
      View Details
    • Contact for pricing

      Emerald Isle Commercial Space Available

      Commercial office/retail/studio space in prime Emerald Isle location.
      8752 Reed #7, Emerald Isle, NC 28594
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex with rental income potential, steps to the beach.
    Where is this duplex located?
    The property is located at 7411 Ocean Drive Emerald Isle, NC.
    What is the asking price?
    The asking price for this property is $1,895,000.
    What are key features of this property?
    This property features: Oceanfront full duplex with direct beach access; Proven rental income potential: West side generated $78k (2024) and $72k (2023); East side projected at $100k+ after remodel; Two separate units, each with 4 bedrooms and 2 full baths, offering flexibility for rental income or personal use
    (919) 812-3414
    We can help!
    Listing Contact
    Laurie Evans
    Real Estate License ID: 255173
    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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