Estimated payment $7,313/month
Highlights
- Traditional Architecture
- No HOA
- Laundry Room
- Hardin Park Elementary School Rated A
- Living Room
- Dining Room
About This Home
9% CAP RATE - TWO DUPLEXES, 4 TOTAL UNITS, 16 TENANTS WITH THEIR OWN PRIVATE ROOM / 8 BATHS - WITH
PARKING minutes from downtown Boone and the campuses of App State and CCC&TI. Current leases grossing $148,800 annually. With a new roof on 573 and some with recently updated kitchens, counter tops, flooring and fixtures these duplexes are a tremendous turn-key opportunity for any investor in the strong Boone rental market. These units offer ample on-site parking and are close to college campuses, shopping, restaurants, and all Boone has to offer. Floor plans in photos with unit square footage provided by the seller. Current gross rent is $148,800 for the Aug '25 - July '26 lease term. Tenants are responsible for all utilities and trash pickup. 24-hour notice is required for showing. Photos were taken previously, when units were unoccupied. Unit finishes vary slightly. Total square footage represented is from appraiser measurements provided by the seller.
Listing Agent
Page Sauder Properties Brokerage Email: sauderpage@yahoo.com License #227454 Listed on: 12/16/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1989
Lot Details
- 1.25 Acre Lot
Parking
- Parking Lot
Home Design
- Traditional Architecture
- Wood Siding
Interior Spaces
- 4,130 Sq Ft Home
- Property has 2 Levels
- Ceiling Fan
- Living Room
- Dining Room
- Crawl Space
- Electric Range
Laundry
- Laundry Room
- Washer and Dryer
Schools
- Hardin Park Elementary School
- None Middle School
- Watauga High School
Utilities
- Baseboard Heating
- Community Well
- Septic Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 2920-56-1607-000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,038 | $220,200 | $36,100 | $184,100 |
| 2024 | $10 | $220,200 | $36,100 | $184,100 |
| 2023 | $992 | $220,200 | $36,100 | $184,100 |
| 2022 | $992 | $220,200 | $36,100 | $184,100 |
| 2021 | $1,032 | $188,300 | $27,800 | $160,500 |
| 2020 | $1,032 | $188,300 | $27,800 | $160,500 |
| 2019 | $1,032 | $188,300 | $27,800 | $160,500 |
| 2018 | $938 | $188,300 | $27,800 | $160,500 |
| 2017 | $938 | $188,300 | $27,800 | $160,500 |
| 2013 | -- | $196,900 | $22,200 | $174,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/16/2025 12/16/25 | For Sale | $1,390,000 | -- | $337 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4329933
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