573 & 591 Margo Road, Boone, NC 28607

Local realty services provided by:ERA Live Moore
Listed by: page sauder
Office: page sauder
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.

Contact an agent

contact an agent

Yes, I would like more information from ERA®. Please use and/or share my information with an ERA affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an ERA affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1989
  • Listing ID #:4329933
  • Updated:December 17, 2025 at 03:04 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
MLS LogoListings courtesy of Canopy MLS as distributed by MLS GRID. Copyright 2021 Canopy MLS. All rights reserved. Canopy MLS, provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Canopy MLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Canopy MLS.

New listings near 573 & 591 Margo Road