$1,390,000

573 & 591 Margo Rd Boone, NC 28607

Estimated payment $8,702/month

-- Bed
-- Bath
4,130 Sq Ft
$337 Price per Sq Ft

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

Page Sauder Brokerage Email: sauderpage@yahoo.com License #227454 Listed on: 12/16/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Fourplex
  • Architectural Style: Traditional
  • Year Built: 1989
  • Road Surface Type: Gravel, Paved
  • Geocode Confidence: Medium
  • Attribution Contact: sauderpage@yahoo.com
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Room Other: Bedroom(s),Bathroom(s),Kitchen,Living Room,Dining Room,Laundry
  • Appliances: Electric Range, Refrigerator, Washer/Dryer
  • Above Grade Finished Sq Ft: 4130
  • Basement YN: No
  • Living Area: 4130
  • Building Stories: 2

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Pool Private: No
  • Construction Type: Wood

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Parking Lot

Utilities

  • Heating: Baseboard
  • Sewer: Septic Installed
  • Laundry Features: In Hall
  • Cooling: Ceiling Fan(s)
  • Water Source: Community Well

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: None
  • HOA Subject To: None

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 2920-56-1607-000
  • Additional Parcels: No
  • Zoning Specification: None

Rental Info

  • Tenant Pays: All Utilities
  • Pets Allowed: Yes

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Hardin Park
  • High School: Watauga

Map

Range of Values:

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Value Increase
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Percent Increase
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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)

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4329933

Canopy MLS (Canopy Realtor® Association)