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573 & 591 Margo Road, Boone, NC 28607

Local realty services provided by:CENTURY 21 Connected
Listed by: page sauder
Office: page sauder properties
MLS#:4329933
Source:CH
573 & 591 Margo Road,Boone, NC 28607
$1,390,000
  • - Beds
  • - Baths
  • 4,130 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,390,000
  • Price per sq. ft.:$336.56

About this home

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.

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Home facts

  • Year built:1989
  • Listing ID #:4329933
  • Updated:February 02, 2026 at 02:24 PM

Rooms and interior

  • Living area:4,130 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1989
  • Building area:4,130 sq. ft.
  • Lot area:1.25 Acres

Schools

  • High school:Watauga
  • Elementary school:Hardin Park

Utilities

  • Water:Community Well
  • Sewer:Septic (At Site)

Finances and disclosures

  • Price:$1,390,000
  • Price per sq. ft.:$336.56
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