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$1,225,000
Investment Summary 3207 Briggs Street presents a rare opportunity to acquire a six-unit, value-add multifamily asset in the heart of Kill Devil Hills, one of the Outer Banks' strongest rental markets. The property consists of a two-story, approximately 3,558-square-foot building with six residential units and includes the adjacent parcel (Lot 8, Parcel #000022000), providing additional value and future flexibility. The current ownership has maintained consistent occupancy; however, existing rental rates remain below prevailing market levels. Investors have a clear opportunity to execute a value-add strategy through interior renovations, exterior improvements, and operational efficiencies designed to reposition the asset and drive meaningful increases in net operating income. The property's commercial zoning provides flexibility for future ownership strategies while preserving its established multi-family use. Situated just minutes from the Atlantic Ocean, major employers, retail, dining, and year-round amenities, the asset benefits from a highly desirable location with strong rental demand and limited multifamily inventory. Investment Highlights; Six-unit multifamily asset in the center of Kill Devil Hills. Commercial zoning with established residential use. Below-market in-place rents provide immediate income growth potential. Value-add renovation opportunity to increase rental revenue and overall asset value. Adjacent parcel included (Lot 8, Parcel #000022000), offering additional flexibility and long-term potential. Excellent coastal location near beaches, employment centers, shopping, and restaurants.Opportunity to enhance cash flow, increase NOI, and create substantial equity through strategic capital improvements and professional asset management. This offering represents an opportunity to acquire a well-located, income-producing asset with significant upside through thoughtful repositioning in one of North Carolina's most sought-after coastal markets.

3207 Briggs Street, Kill Devil Hills

Listing courtesy of Resort Realty - Frisco.

$849,000
3 Beds ⋅ 3 Baths
ENDLESS POSSIBILITIES- Bottom Level is used as an Airbnb and generates up to $25k a year. Rent both units, or live in one and rent the other. TOTAL SQUARE FOOTAGE IS 1735 (top level 1272 and bottom 463). Septic is for 3 bedrooms; it can be upgraded for approximately $3,000 to accommodate 4 bedrooms, and the seller uses one of the bedrooms upstairs as a flex space. It is just steps from the beach, offering access and ocean views. This beautifully renovated coastal retreat presents a rare combination of lifestyle flexibility and quality craftsmanship. Lovingly maintained by the same family since it was originally built and passed down through generations without ever changing ownership, the home underwent an extensive studs-up renovation and addition in 2020, thoughtfully rebuilt with modern systems, high-end finishes, and timeless coastal design. The bright, open-concept main living level is filled with natural light and features three spacious bedrooms, including a generous primary suite with a private bath, double vanities, a walk-in closet, and an adjoining laundry area. Unusually generous closet space throughout the home, and an attic provides storage rarely found in beach properties. The beautifully appointed kitchen is designed for entertaining with quartz countertops, subway tile backsplash, custom soft-close cabinetry, stainless steel appliances, bar seating, and abundant prep space, all flowing seamlessly into the living area and front deck. Additional upgrades include luxury vinyl plank flooring throughout, Hardiboard siding, updated windows and roofing, a dual-zoned security system (see broker notes regarding Security System), a whole-house solar-powered backup generator, abundant storage, an additional rear parking pad, and reinforced decking engineered to support a future hot tub. Outdoor living is equally impressive. Relax beneath the covered outdoor entertaining area, complete with café lighting and refreshing ocean breezes, or climb to the rooftop deck to enjoy panoramic ocean views and unforgettable sunrises that remind you daily why owning an Outer Banks beach home is so special. Offered partially furnished, this exceptional property is move-in ready and perfectly suited as a primary residence, second home, or income-producing investment. With direct beach access just steps away, ocean views, a comprehensive 2020 studs-up renovation, flexible living arrangements, and proven rental income, 200 E. Arch Street offers the complete Outer Banks lifestyle that today's buyers have been searching for. Offered partially furnished, this exceptional property is truly move-in ready and ideally suited as a primary residence, vacation retreat, or income-producing investment. Just steps from direct beach access, the home features ocean views, a comprehensive studs-up renovation completed in 2020, flexible living spaces, and an outstanding rental history. A standout feature is the LEGAL nonconforming, conditioned lower-level studio, complete with a private entrance, full bath, kitchenette, and an all-in-one washer/dryer, providing excellent flexibility for guests or rental income. The current owner has successfully rented the studio through Airbnb, generating nearly $18,000 in 2024 and just under $25,000 in 2025. For 2026, the owner chose to rent the studio to a summer-term tenant until 9/6 demonstrating the property's versatility for both short-term and extended-stay rentals.

200 E Arch Street, Kill Devil Hills

Listing courtesy of Coldwell Banker Seaside Realty - Kdh.