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.
Sold for $1,200,000
$1,200,000
591 & 573 Margo Road, Boone, NC 28607
--beds
--baths
4,130sqft
Duplex, Multi Family, Multi Family
Built in 1989
-- sqft lot
$1,270,900 Zestimate®
$291/sqft
$2,013 Estimated rent
Home value
$1,270,900
$1.19M - $1.35M
$2,013/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: February 25, 2026 at 09:36am
Listed by:
Page Sauder (828)263-8924,
Page Sauder Properties
Bought with:
David Davis, 299368
Keller Williams High Country
Source: High Country AOR,MLS#: 259369
Originating MLS: High Country Association of Realtors Inc.
Originating MLS: High Country Association of Realtors Inc.Facts & features
Interior
Heating
- Baseboard, Electric
Interior area
- Total structure area: 4,130
- Total interior livable area: 4,130 sqft
Property
Features
- Exterior features: Other, See Remarks
Lot
- Size: 1.25 Acres
Details
- Parcel number: 2920561607000
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex, Multi Family, Multi Family
Materials
- Wood Siding, Wood Frame
- Roof: Asphalt,Shingle
Condition
- Year built: 1989
Utilities & green energy
- Sewer: Other, See Remarks
- Water: Community/Coop
- Utilities for property: Separate Meters, High Speed Internet Available
Community & neighborhood
Location
- Region: Boone
- Subdivision: Valley View
Other
Other facts
- Listing terms: Cash,Conventional,New Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/24/2026 | Sold | $1,200,000-13.7%$291/sqft |
Source:  High Country AOR #259369 Report a problem | ||
| 1/17/2026 | Contingent | $1,390,000$337/sqft |
Source: High Country AOR #259369 Report a problem | ||
| 12/15/2025 | Listed for sale | $1,390,000-5.8%$337/sqft |
Source: High Country AOR #259369 Report a problem | ||
| 12/11/2025 | Listing removed | $1,475,000$357/sqft |
Source: High Country AOR #255231 Report a problem | ||
| 8/22/2025 | Price change | $1,475,000-2.9%$357/sqft |
Source: High Country AOR #255231 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 28607
Nearby schools
GreatSchools rating
- 8/10Hardin Park ElementaryGrades: PK-8Distance: 2.1 mi
- 8/10Watauga HighGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Hardin Park
- High: Watauga
Source: High Country AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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