173 Old Turnpike Rd NW

Banner Elk, NC 28604

$415,000
Price
5
Beds
1,875 Sq. Ft.
$221 / Sq. Ft.
1,875
Sq. Ft.
$221
per Sq. Ft.
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Description

Rare Opportunity! Only listing like this in downtown Banner Elk; Set up as a duplex (but could be used as a single family with a rental income apartment (just rented both units for total $3000/month through 11/26), or with the stairs from the main level down to the workshop/garage, it could easily be finished out as a 5/3 home with an extra living/kitchen below) that is walking distance to town! It's very rare for any multi-family to come on the market in Downtown Banner Elk on city water/sewer/maintained-paved...Rare Opportunity! Only listing like this in downtown Banner Elk; Set up as a duplex (but could be used as a single family with a rental income apartment (just rented both units for total $3000/month through 11/26), or with the stairs from the main level down to the workshop/garage, it could easily be finished out as a 5/3 home with an extra living/kitchen below) that is walking distance to town! It's very rare for any multi-family to come on the market in Downtown Banner Elk on city water/sewer/maintained-paved roads, and this investment has been a great asset for 11 years to the current owner. Easily accessible with paved driveway, and fully remodeled when purchased, including metal roof, paint, new kitchens, new baths, new plumbing, new windows, lvp flooring, etc, the duplex features a 2/1 below, and a 3/2 above, with separate entrances/decks. The basement features a 1-car garage and large workshop area (this is set up to be assessed by either unit, depending on which wants to include it in their lease). There is a small flat yard around the lower unit. Old Turnpike runs next to a noisy creek, and is a quiet, flat street that is great for walking. In past tenants pay all utilities 50/50 between the units; with power on 1 meter. Upper and lower both rented to construction crew on 1 lease at a discount (3k/month) through Nov. Each could be rented for $2000/ up and $1200 down per month.
  1. Listed by Benjamin Ray • Client First Of The High Country • (704) 287-2760

Property Details for 173 Old Turnpike Road Northwest

Architectural Style
Cottage, Traditional
Parking Features
Asphalt, Driveway, Garage, OneCarGarage, Paved, SharedDriveway
View
Yes
Subdivision Name
None
View
Mountains, Pasture
Zoning Description
Residential
LISTING UPDATED: 05/12/2026 06:23 PM

Property Details for 173 Old Turnpike Road Northwest

StatusActive
MLS #261893
Days on Market26
Taxes$1,255 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1984
Lot Size0.26 AC / 11,325 SF
CountyAvery County
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Location

Listing Courtesy of Client First Of The High Country
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Building Information for 173 Old Turnpike Road Northwest

Stories2Year Built1984Building Size-Lot Size0.26 AC / 11,325 SF

Payment Calculator

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$2,173 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,068

Property Taxes

$105

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 173 Old Turnpike Road Northwest

Summary
Location and General Information
  • Directions: From Downtown Banner Elk, drive past Lees McRae College and next road turn right onto Beech Mtn Pkwy, then turn left on your 1st left onto Old Turnpike Rd NW. 3rd house on the left.
  • Road Surface Type: Paved
  • Postal Code: 28604
  • Road Responsibility: PublicMaintainedRoad
  • MLS Area Major: 8-Banner Elk
  • MLS Area Minor: Banner Elk
Taxes and HOA Information
  • Parcel Number: 1859-17-00-1602-00000
  • Association: No
  • Tax Annual Amount: $1,255
  • Tax Book Number: 597/649
  • Tax Legal Description: TRACT 2 PLAT 43-290
  • Tax Lot: 2
School Information
  • Elementary School: Banner Elk
  • High School: Avery County
Parking
  • Garage: Yes
  • Garage Spaces: 1.0
Property
Lot Information
  • Above Grade Finished Area: 1875.0
  • Below Grade Finished Area: 0.0
  • Lot Size Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Size Units: Acres
  • Living Area: 1875.0
Property and Assessments
  • Other Structures: GuestHouse
  • Year Built: 1984
  • Human Modified: Yes
Utilities
  • Electric: Volts220
  • Sewer: PublicSewer
  • Utilities: CableAvailable, HighSpeedInternetAvailable
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Storage
  • Community Features: LongTermRentalAllowed, ShortTermRentalAllowed
  • Construction Materials: WoodSiding, WoodFrame
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Multiple, Open
  • Roof: Metal
Interior Features
  • Levels: Two
  • Stories: 2
  • Stories Total: 2
  • Flooring: CeramicTile, Vinyl
  • Basement: Yes
  • Basement: Finished, PartiallyFinished, WalkOutAccess
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total: 3
  • Bedrooms Total: 5
  • Cooling: Yes
  • Cooling: WallWindowUnits
  • Heating: Yes
  • Heating: Baseboard, Electric
  • Fireplace: No
  • Fireplace Features: None
  • Laundry Features: MainLevel, UpperLevel
  • Appliances: Dryer, Dishwasher, ExhaustFan, ElectricRange, ElectricWaterHeater, Microwave, Refrigerator, Washer
  • Window Features: DoublePaneWindows

Property History for 173 Old Turnpike Road Northwest

DateEvent & SourcePriceAppreciation
May 14, 2026

Listed (Active)

High Country Association of REALTORS #261893

$415,000—
Oct 31, 2025

Expired

High Country Association of REALTORS #256809

$425,000—
Sep 10, 2025

Price Change

High Country Association of REALTORS #256809

$440,000—
DateEvent & SourcePrice
05/14/2026

Listed (Active)

High Country Association of REALTORS #261893

$415,000
10/31/2025

Expired

High Country Association of REALTORS #256809

$425,000
09/10/2025

Price Change

High Country Association of REALTORS #256809

$440,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 173 Old Turnpike Road Northwest

This home is within Avery County School District.
Rating
School
Type
Grades
Distance
Banner Elk Elementary School
Public - PK to 5
Cranberry Middle School
Public - 6 to 8
Avery County High School
Public - 9 to 12
Avery County High School STEM Academy
Public - 9 to 12
Rating
School
Distance
Banner Elk Elementary School
PublicPK to 5

Cranberry Middle School
Public6 to 8

Avery County High School
Public9 to 12

Avery County High School STEM Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 173 Old Turnpike Road Northwest, Banner Elk, NC 28604

173 Old Turnpike Road Northwest is a single family home for sale in Banner Elk, NC 28604. This property was listed for sale on May 14, 2026 by Client First Of The High Country, it's currently listed at $415,000. This listing's school district is Avery County School District. Nearby schools include Banner Elk Elementary School, Cranberry Middle School and Avery County High School. 173 Old Turnpike Road Northwest is a 5-bed, 3-bath, 1,875 sqft single family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Client First Of The High Country

Based on information from one of the following Multiple Listing Services: Canopy MLS,High Country Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Canopy MLS,High Country Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.