Sold
Last Sold Price
237 Queen St, Boone, NC 28607
Multi FamilyProperty Type
0.35 acresLot Size
1945Year Built

Description

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...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.
  • Listed by: Page Sauder • Baxter Mountain Properties (828) 263-8924
Listing closed: 01/31/2025 12:00 AM • Source: High Country Association of REALTORS, MLS#: 252975

Recent comparable sales

Median sold price

$660,000

Avg days on market

94

Sale-to-list ratio

92.1%

Boone, NC

9 comparable properties found

$720,000 | 535 Queen Street, Boone, NC 28607
1/46
1

$720,000

Sold 02/01/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.35
Acres
$660,000 | 179 Hillside Drive, Boone, NC 28607
1/39
2

$660,000

Sold 03/18/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.19
Acres
$670,000 | 247 Homespun Hills Road, Boone, NC 28607
1/11
3

$670,000

Sold 03/26/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.36
Acres
front view of a house with a yard
1/46
4

$549,000

Sold 05/07/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.23
Acres
a front view of a house with a yard
1/16
5

$1,200,000

Sold 02/24/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.25
Acres
a front view of a house with a yard
1/7
6

$515,000

Sold 04/13/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.46
Acres
7

$1,500,000

Sold 11/10/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.07
Acres
8

$20,000

Sold 02/14/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.05
Acres
9

$492,500

Sold 09/22/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,000
Square Feet
Unavailable
Acres

Location

Listing Courtesy of Baxter Mountain Properties

Sold By Boone Realty

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Payment Calculator

$6,446 per month

30 year fixed, 6.55% Interest

Principal and Interest

$6,061

Property Taxes

$385

HOA Dues

$0

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Property Information for 237 Queen Street

Property Details
  • Taxes: $4,616 / year
  • MLS Type: Residential Income / Quadruplex
  • Architectural Style: Traditional
  • Subdivision Name: None
  • Zoning Description: B1DC,Historic District
Building Information
  • Residences: 4
  • Year Built: 1945
  • Lot Size: 0.35 AC / 15,202 SF
Summary
Location and General Information
  • Directions: King St to N Water St to right on Queen St to property on right.
  • Road Surface Type: Paved
  • Postal Code: 28607
  • Road Responsibility: PublicMaintainedRoad
  • MLS Area Major: 1-Boone, Brushy Fork, New River
Taxes and HOA Information
  • Parcel Number: 2900-89-0578-000
  • Association: No
  • Tax Annual Amount: $4,616
  • Tax Book Number: 2310/085
School Information
  • Elementary School: Hardin Park
  • High School: Watauga
Property
Lot Information
  • Lot Size Acres: 0.349
  • Lot Size Area: 0.349
  • Lot Size Units: Acres
Property and Assessments
  • Year Built: 1945
  • Documents Available: RentRolls
  • Human Modified: Yes
Utilities
  • Sewer: PublicSewer
  • Utilities: SewerAvailable, WaterAvailable, HighSpeedInternetAvailable
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Community Features: LongTermRentalAllowed
  • Construction Materials: Other, SeeRemarks, WoodFrame
  • Roof: Asphalt, Shingle
Interior Features
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total: 0
  • Bedrooms Total: 0
  • Cooling: No
  • Cooling: None
  • Heating: Yes
  • Heating: Baseboard, Electric
Multi Family
Multi-Family Information
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
Unit 1
  • Unit Type Description: One Bath,Kitchen,Living Room,Oven/Range Electric,Refrigerator
  • Unit Type Type: TwoBedroom
Unit 2
  • Unit Type Description: One Bath,Kitchen,Living Room,Oven/Range Electric,Refrigerator
  • Unit Type Type: TwoBedroom
Unit 3
  • Unit Type Description: One Bath,Kitchen,Living Room,Oven/Range Electric,Refrigerator
  • Unit Type Type: TwoBedroom
Unit 4
  • Unit Type Description: One Bath,Kitchen,Living Room,Oven/Range Electric,Refrigerator
  • Unit Type Type: TwoBedroom
Rental
Rental Information
  • Lease Amount Frequency: Monthly

Property History for 237 Queen Street

DateEvent & SourcePriceAppreciation
Jan 31, 2025

Closed

High Country Association of REALTORS #252975

$1,192,500
Jan 28, 2025

Closed (Public Record)

Public Record #1550375951

$1,192,500

+56.8% / yr

Jan 2, 2025

Under Contract-Show

High Country Association of REALTORS #252975

DateEvent & SourcePrice
01/31/2025

Closed

High Country Association of REALTORS #252975

$1,192,500
01/28/2025

Closed (Public Record)

Public Record #1550375951

$1,192,500

+56.8% / yr

01/02/2025

Under Contract-Show

High Country Association of REALTORS #252975

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

Public Records for 237 Queen Street

Taxable ValueLand$250,800Additions$235,030Total$485,830
Home Facts
Beds0Total Finished SqFt2,529 SqFtAbove Grade Finished SqFt2,529 SqFtLot Size15,202 SqFtStyleSingle Family ResidenceYear Built1945ZoningBOOICountyWATAUGAAPN2900-89-0578-000Fireplace TypeHas Fireplace

Schools near 237 Queen Street

This home is within Watauga County School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Public - 9 to 12
Rating
School
Distance
Hardin Park Elementary
PublicPK to 8

Watauga High
Public9 to 12

Watauga Virtual Academy
PublicK to 8

Watauga Innovation 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 237 Queen Street, Boone, NC 28607
$1,192,500
15,202
$518,000
3,480
16,248
4
3,200
46,609
5,040
9,583
$411,000
2,716
4,095
$223,000
5,436
2,657

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Baxter Mountain Properties

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.