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573 & 591 Margo Road, 
Boone, NC 28607

$1,390,000

—

Bed

—

Bath

4,130

Sq Ft

Multi-Family

Active

Listed by

Page Sauder

Page Sauder

Last updated:

December 17, 2025, 03:04 PM

MLS#

4329933

Source:

CH

About This Home

573 & 591 Margo Road

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.

Home Facts

Multi-Family

Built in 1989

Price Summary

1,390,000

$336 per Sq. Ft.

MLS #:

4329933

Last Updated:

December 17, 2025, 03:04 PM

Rooms & Interior

Interior

Living Area:

4,130 Sq. Ft.

Structure

Structure

Architectural Style:

Traditional

Building Area:

4,130 Sq. Ft.

Year Built:

1989

Lot

Lot Size (Sq. Ft):

54,450

Finances & Disclosures

Finances

Price:

$1,390,000

Price per Sq. Ft:

$336 per Sq. Ft.

MLS Logo
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.