$1,550,000

591 & 573 Margo Rd Boone, NC 28607

Estimated payment $8,734/month

Total Views 7,320
-- Bed
-- Bath
4,130 Sq Ft
$375 Price per Sq Ft

Highlights

  • Traditional Architecture
  • No HOA
  • High Speed Internet
  • Hardin Park Elementary School Rated A
  • Baseboard Heating
  • Wood Siding

About This Home

TWO DUPLEXES, 4 TOTAL UNITS, 16 BED / 8 BATHS - WITH PARKING minutes from downtown Boone and the campuses of App State and CCC&TI. Fully leased through July 2026 with new 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 $144,000, increasing to $148,800 for Aug '25 - July '26. Tenants are responsible all utilities and trash pickup. 24-hour notice is required for showing. Photos were taken previously, when units were unoccupied. Unit finishes vary. Total square footage represented is from appraiser measurements provided by the seller.

Listing Agent

Page Sauder

Baxter Mountain Properties Brokerage Phone: (828) 263-8924 Listed on: 04/30/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,080

Year Built

  • Built in 1989

Lot Details

  • 1.25 Acre Lot

Home Design

  • 4,130 Sq Ft Home
  • Duplex
  • Traditional Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Schools

  • Hardin Park Elementary School
  • Watauga High School

Utilities

  • Baseboard Heating
  • High Speed Internet

Community Details

  • No Home Owners Association
  • 4 Units
  • Valley View Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2920-56-1607-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,080

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.25
  • Road Surface Type: Paved
  • Subdivision Name: Valley View
  • Architectural Style: Traditional
  • Year Built: 1989
  • Property Sub Type Additional: Duplex,Multi Family
  • Attribution Contact: (828) 263-8924
  • Special Features: None

Exterior Features

  • Construction Type: Wood Siding, Wood Frame
  • Roof: Asphalt, Shingle

Utilities

  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Sewer: Septic Permit Unavailable
  • Utilities: Other, See Remarks, High Speed Internet Available
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Hardin Park
  • High School: Watauga

Lot Info

  • Parcel #: 2920-56-1607-000

Multi Family

  • Number Of Units In Community: 4

Tax Info

  • Tax Annual Amount: 2080.35
  • Tax Book Number: 2213/26

Map

Range of Values:

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Average Value
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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 Change Sq Ft Price
07/22/2025 07/22/25 Price Changed $1,550,000 -2.5% $375 / Sq Ft
07/08/2025 07/08/25 Price Changed $1,590,000 -9.1% $385 / Sq Ft
04/30/2025 04/30/25 For Sale $1,750,000 -- $424 / Sq Ft
Source: High Country Association of REALTORS®

Source: High Country Association of REALTORS®

MLS Number: 255231

High Country Association of REALTORS®