NOT LISTED FOR SALE

573 & 591 Margo Rd Boone, NC 28607

Boone Area
-- Bed
-- Bath
4,130 Sq Ft
1.25 Acre Lot

Sale Details

Date Sold: February 24, 2026

Last sale price $1,200,000 $291 Per Sq Ft

32 Days on Market

Highlights

  • Traditional Architecture
  • Living Room
  • Dining Room
  • No HOA
  • Laundry Room
  • Ceiling Fan

About This Home

As of February 2026

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.

Last Agent to Sell the Property

Page Sauder

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

Last Buyer's Agent

Non Member

Canopy Administration

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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

  • Tenant pays for all utilities
  • Assessor Parcel Number 2920-56-1607-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

1.25 Acres

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
  • Lot Size Acres: 1.25
  • 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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Boone, NC

  • Chip Camp Real Estate Agent - Whitetail Properties Real Estate LLC

    Chip Camp

    Whitetail Properties Real Estate LLC

    (217) 407-7128

    218 Total Sales

    1 in Boone

    $185,000 Price

    Chip Camp
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  • Crystal Rogers Real Estate Agent - Elite Homes and Land, Inc.

    Crystal Rogers

    Elite Homes and Land, Inc.

    (828) 826-1634

    87 Total Sales

    1 in Boone

    $465,000 Price

    Crystal Rogers
     Section Image
  • James Kemper Real Estate Agent - Mountainscape Realty

    James Kemper

    Mountainscape Realty

    (704) 741-9098

    65 Total Sales

    2 in Boone

    $135K - $230K Price Range

    James Kemper
     Section Image
  • Beth Bare Real Estate Agent - Realty One Group Results

    Beth Bare

    Realty One Group Results

    (336) 438-2860

    118 Total Sales

    2 in Boone

    $312,500 Price Range

    Beth Bare
     Section Image
  • Jessica Auten Real Estate Agent - Premier Sotheby's International Realty- Banner Elk

    Jessica Auten

    Premier Sotheby's International Realty- Banner Elk

    (828) 457-7265

    99 Total Sales

    26 in Boone

    $30K - $831K Price Range

    Jessica Auten
     Section Image
  • Lynne Lear Real Estate Agent - The Lear Group Real Estate

    Lynne Lear

    Responds Quickly

    The Lear Group Real Estate

    (423) 427-6123

    69 Total Sales

    1 in Boone

    $449,000 Price

    Lynne Lear
     Section Image
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/24/2026 02/24/26 Sold $1,200,000 -13.7% $291 / Sq Ft
12/16/2025 12/16/25 For Sale $1,390,000 -- $337 / Sq Ft
Source: Canopy MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,062 $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
Source: Public Records

Agents Affiliated with this Home

  • Page Sauder Real Estate Agent - Page Sauder Properties

    Seller's Agent in 2026

    Page Sauder

    Page Sauder Properties

    (828) 265-9593

    78 Total Sales

    Page Sauder
    Section Image

  • N

    Buyer's Agent in 2026

    Non Member

    NC_CanopyMLS

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Map

Source: Canopy MLS

MLS Number: 4329933

Canopy MLS
North Carolina Watauga County Boone 28607

573 & 591 Margo Rd, Boone, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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