Boone NC Multi Family for Sale
$475,000
140 Gateway Drive Boone, NC 28607
- Type:
- Cluster
- Sq.Ft.:
- 1,468
- Status:
- NEW LISTING
- Beds:
- 2
- Year built:
- 2008
- Baths:
- 2.00
- MLS#:
- 4210645
- Subdivision:
- Kensington Gate
ADDITIONAL INFORMATION
$2,000,000
573 & 591 Margo Road Boone, NC 28607
- Type:
- Duplex
- Sq.Ft.:
- 4,130
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.25 Acres
- Year built:
- 1989
- Baths:
- MLS#:
- 253046
- Subdivision:
- Valley View
ADDITIONAL INFORMATION
Minutes from downtown Boone and the campuses of App State and CCC&TI, these (2) side by side duplexes offer a total of 16 beds and 8 baths with 4 bedrooms/ 2 baths in each unit. Leases are currently renewing reflecting rent revenues of $153,600 annually, providing a 7.7% gross rent ROI for the Aug. '25 - July '26 lease term. With a new roof and 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 $153,600 for Aug '25 - July '26. Tenants are responsible for electric and cable/internet with trash included in rent. 24-hour notice is required for showing. Photos were taken previously, when units were unoccupied. Total square footage represented is from appraiser measurements provided by the seller.
$769,000
247 Homespun Hills Boone, NC 28607
- Type:
- Triplex
- Sq.Ft.:
- 2,475
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.36 Acres
- Year built:
- 1971
- Baths:
- MLS#:
- 253018
ADDITIONAL INFORMATION
This turn-key triplex is currently renewing for the Aug-'25 - July 26' lease period grossing $5,100 per month making it a great investment at a gross rent ROI of 8.6%. You won't find a more well-maintained and recently updated triplex within walking distance of an Appalcart stop and close to App State and CCC&TI campuses on the market. This property has easy, level access and ample parking for tenants. Upgrades include a metal roof, well pump and filters, gravel driveway and sidewalks, flooring, paint, appliances, bathroom vanities/sinks, washer/dryer installation in all units, kitchen cabinets and countertops, and exterior paint. 24-hour notice is required for showing. Floor plans in photos with unit square footage provided by the seller. 24 hour notice for showing required. Photos were taken previously, when units were unoccupied. Total square footage represented is from appraiser measurements provided by the seller.
$1,299,000
237 Queen Street Boone, NC 28607
- Type:
- Fourplex
- Sq.Ft.:
- 3,086
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.35 Acres
- Year built:
- 1945
- Baths:
- MLS#:
- 252975
ADDITIONAL INFORMATION
This walk-to-campus, recently renovated quadplex with 11 parking spaces and (4) 2 bed/1 bath units is an investor's dream! With leases currently renewing reflecting rent revenue at $106,200 annually, providing an 8.2% gross rent ROI for the Aug. '25 - July '26 lease term, along with recently renovated kitchens and baths, flooring and fixtures, and a new roof in 2023, this quadplex is a tremendous turn-key property for any investor looking in the strong student housing market for App State and CCC&TI student populations. With on-site parking available to tenants, walk to campus and downtown Boone for shopping, restaurants, and all the town has to offer, this property offers the convenience students are looking for. Tenants pay electric, cable/internet, and heat with units metered separately for electric. Water/sewer and trash service are included in rent. Floor plans in photos with unit square footage provided by the seller. Current gross rent and parking $103,800, increasing to $106,200 for Aug '25 - July '26. 24 hour notice for showing required. Photos were taken previously, when units were unoccupied. Total square footage represented is from appraiser measurements provided by the seller.
$735,000
535 Queen Street Boone, NC 28607
- Type:
- Triplex
- Sq.Ft.:
- 2,197
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.35 Acres
- Year built:
- 1948
- Baths:
- MLS#:
- 251438
ADDITIONAL INFORMATION
Great income-producing multi-family brick, craftsman-style home located in downtown Boone with R-3 multi-family zoning. While currently used as a student rental, this property has the potential to be an ideal family home as well. New 1 year leases in place producing $5185/ rents monthly between one 4/3.5 unit, one 2/1 unit, and one efficiency unit! Roof replaced last week with a brand new architectural roof! 2 units share the laundry; the efficiency has its own. The main level features a master suite, an additional bedroom, tile baths, hardwood floors, and granite countertops in both the kitchen and bathrooms. Enjoy a cozy brick fireplace in the living room, a kitchen and dining combo, as well as a versatile den or game room on the first floor. Upstairs, you'll find a spacious bedroom with a full bath and ample closet space. The basement boasts two bedrooms, a full bath, a full kitchen, and a living area that is currently utilized as a bedroom. The property also includes a two-car garage and an efficiency apartment below with a full kitchen and bath.
Andrea Conner, License #298336, Xome Inc., License #C24582, [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Boone Real Estate
The median home value in Boone, NC is $534,600. This is higher than the county median home value of $410,600. The national median home value is $338,100. The average price of homes sold in Boone, NC is $534,600. Approximately 20.02% of Boone homes are owned, compared to 65.41% rented, while 14.58% are vacant. Boone real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Boone real estate agent to arrange a tour today!
Boone, North Carolina has a population of 18,055. Boone is more family-centric than the surrounding county with 33.67% of the households containing married families with children. The county average for households married with children is 25.16%.
The median household income in Boone, North Carolina is $24,756. The median household income for the surrounding county is $48,786 compared to the national median of $69,021. The median age of people living in Boone is 20.9 years.
Boone Weather
The average high temperature in July is 77.6 degrees, with an average low temperature in January of 20.4 degrees. The average rainfall is approximately 50.8 inches per year, with 33.1 inches of snow per year.