Rare Opportunity!! Only listing like this in downtown Banner Elk; Set up as a duplex (but could be used as a single family with a rental income apartment (just rented both units for total $3000/month through 11/26), or with the stairs from the main level down to the workshop/garage, it could easily be finished out as a 5/3 home with an extra living/kitchen below) that is walking distance to town!!! It's very rare for any multi-family to come on the market in Downtown Banner Elk on city water/sewer/maintained-paved roads, and this investment has been a great asset for 11 years to the current owner. Easily accessible with paved driveway, and fully remodeled when purchased, including metal roof, paint, new kitchens, new baths, new plumbing, new windows, lvp flooring, etc, the duplex features a 2/1 below, and a 3/2 above, with separate entrances/decks. The basement features a 1-car garage and large workshop area (this is set up to be assessed by either unit, depending on which wants to include it in their lease). There is a small flat yard around the lower unit. Old Turnpike runs next to a noisy creek, and is a quiet, flat street that is great for walking. In past tenants pay all utilities 50/50 between the units; with power on 1 meter. Upper and lower both rented to construction crew on 1 lease at a discount (3k/month) through Nov. Each could be rented for $2000/ up and $1200 down per month.
For sale
$415,000
173 Old Turnpike NW Road, Banner Elk, NC 28604
5beds
1,875sqft
Single Family Residence
Built in 1984
0.26 Acres Lot
$388,700 Zestimate®
$221/sqft
$-- HOA
What's special
New bathsLvp flooringNew windowsNew plumbingNew kitchens
- 30 days |
- 619 |
- 26 |
Zillow last checked:
Listing updated:
Listed by:
Benjamin Ray (704)287-2760,
Client First Of The High Country
Source: High Country AOR,MLS#: 261893
Originating MLS: High Country Association of Realtors Inc.
Originating MLS: High Country Association of Realtors Inc.Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Electric
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dryer, Dishwasher, Exhaust Fan, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
- Laundry: Main Level, Upper Level
Features
- Windows: Double Pane Windows
- Basement: Finished,Partially Finished,Walk-Out Access
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,500
- Total interior livable area: 1,875 sqft
- Finished area above ground: 1,875
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Asphalt, Driveway, Garage, One Car Garage, Paved, Shared Driveway
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Multiple, Open
- Exterior features: Storage
- Has view: Yes
- View description: Mountain(s), Pasture
Lot
- Size: 0.26 Acres
Details
- Additional structures: Guest House
- Parcel number: 18591700160200000
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage,Traditional
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Frame
- Foundation: Basement
- Roof: Metal
Condition
- Year built: 1984
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, High Speed Internet Available
Community & HOA
Community
- Features: Long Term Rental Allowed, Short Term Rental Allowed
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Banner Elk
Financial & listing details
- Price per square foot: $221/sqft
- Tax assessed value: $145,900
- Annual tax amount: $1,255
- Date on market: 5/14/2026
- Listing terms: Cash,Conventional,New Loan
- Road surface type: Paved
Estimated market value
$388,700
$369,000 - $408,000
$3,027/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/12/2026 | Listed for sale | $415,000-2.4%$221/sqft |
Source:  High Country AOR #261893 Report a problem | ||
| 11/1/2025 | Listing removed | $425,000$227/sqft |
Source: High Country AOR #256809 Report a problem | ||
| 9/26/2025 | Listing removed | $1,950$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/25/2025 | Price change | $425,000-3.4%$227/sqft |
Source: High Country AOR #256809 Report a problem | ||
| 9/10/2025 | Price change | $440,000-2.2%$235/sqft |
Source: High Country AOR #256809 Report a problem | ||
| 8/22/2025 | Price change | $450,000-3.9%$240/sqft |
Source: High Country AOR #256809 Report a problem | ||
| 8/5/2025 | Price change | $1,950-4.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/4/2025 | Price change | $468,500-1.4%$250/sqft |
Source: High Country AOR #256809 Report a problem | ||
| 7/9/2025 | Listed for sale | $475,000-9.5%$253/sqft |
Source: High Country AOR #256809 Report a problem | ||
| 7/2/2025 | Price change | $2,050-6.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/6/2025 | Listed for rent | $2,200$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/25/2024 | Listing removed | -- |
Source: High Country AOR #248157 Report a problem | ||
| 3/7/2024 | Price change | $525,000-5.4%$280/sqft |
Source: High Country AOR #248217 Report a problem | ||
| 2/28/2024 | Listed for sale | $555,000+825%$296/sqft |
Source: High Country AOR #248157 Report a problem | ||
| 11/5/2014 | Sold | $60,000$32/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $584 | $145,900 |
| 2024 | $584 | $145,900 |
| 2023 | $584 -53.5% | $145,900 |
| 2022 | $1,255 +27.9% | $145,900 +65% |
| 2021 | $981 | $88,400 |
| 2020 | $981 | $88,400 |
| 2019 | $981 +0.9% | $88,400 |
| 2018 | $972 +100% | $88,400 -14% |
| 2017 | $486 -25.8% | $102,800 |
| 2016 | $655 | $102,800 -19.1% |
| 2015 | $655 | $127,100 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 28604
Nearby schools
GreatSchools rating
- 7/10Banner Elk Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 5/10Cranberry Middle SchoolGrades: 6-8Distance: 4.9 mi
- 4/10Avery County High SchoolGrades: 9-12Distance: 6.9 mi
Schools provided by the listing agent
- Elementary: Banner Elk
- High: Avery County
Source: High Country AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Avery County
- Banner Elk
- 28604
- 173 Old Turnpike NW Road
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