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For sale
  • Price cut: $31K (8/4)
    $1,519,000

    591 & 573 Margo Road, Boone, NC 28607

    --beds
    0baths
    4,130sqft
    : 
    Duplex, Multi Family
    Built in 1989
    -- sqft lot
    $-- Zestimate®
    $368/sqft
    $-- HOA

    What's special

    Ample on-site parkingCounter topsNew roofRecently updated kitchens
    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.
    101 days
    on Zillow
    |
    344
    |
    12
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    Zillow last checked: 7 hours ago

    Listing updated: August 04, 2025 at 05:58am

    Listed by:

    Page Sauder (828)263-8924,

    Baxter Mountain Properties

    Source: High Country AOR,MLS#: 255231MLS LogoOriginating MLS: High Country Association of Realtors Inc.
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 591 & 573 Margo Road.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Baseboard, Electric
    Interior area
    • Total structure area: 4,130
    • Total interior livable area: 4,130 sqft

    Property

    Lot
    • Size: 1.25 Acres
    Details
    • Parcel number: 2920561607000

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Duplex, Multi Family
    Materials
    • Wood Siding, Wood Frame
    • Roof: Asphalt,Shingle
    Condition
    • Year built: 1989

    Utilities & green energy

    • Sewer: Septic Permit Unavailable
    • Water: Community/Coop
    • Utilities for property: Other, See Remarks, High Speed Internet Available

    Community & HOA

    Community
    • Subdivision: Valley View
    HOA
    • Has HOA: No
    Location
    • Region: Boone

    Financial & listing details

    • Price per square foot: $368/sqft
    • Annual tax amount: $2,080
    • Date on market: 4/30/2025
    • Listing terms: Cash,Conventional,New Loan
    • Road surface type: Paved
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