573 Margot Rd

Boone, NC 28607

$1,390,000
Price
—
Beds
—
Baths
4,130 Sq. Ft.
$337 / Sq. Ft.
4,130
Sq. Ft.
$337
per Sq. Ft.
a front view of a house with a yard
a view of a wooden deck
a view of outdoor space with deck
a view of an empty room with a window and wooden floor
a view of empty room with wooden floor and fan
a kitchen with granite countertop a refrigerator and a stove top oven
wooden floor in an empty room with a window
a bathroom with a sink a toilet and shower
a utility room with dryer and washer
a kitchen with a sink appliances and cabinets
a view of a kitchen cabinets and a window
wooden floor in an empty room with a window
a bathroom with a granite countertop sink a toilet and a mirror
unknown
a house view with a garden space

Description

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,...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.
  1. Listed by Page Sauder • Page Sauder • sauderpage@yahoo.com

Property Details for 573 Margot Road

Architectural Style
Traditional
Parking Features
Parking Lot
LISTING UPDATED: 12/17/2025 05:03 AM

Property Details for 573 Margot Road

StatusActive
MLS #4329933
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1989
Lot Size1.25 AC / 54,450 SF
CountyWatauga County

Location

Listing Courtesy of Page Sauder
Add your commute

Building Information for 573 Margot Road

Stories-Residences-Year Built1989Building Size-Lot Size1.25 AC / 54,450 SF

Payment Calculator

$6,868 per month

30 year fixed, 6.28% Interest

Principal and Interest

$6,868

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 573 Margot Road

Summary
Location and General Information
  • Longitude: -81.626655
  • Latitude: 36.212774
  • Directions: Hwy 421 to Bamboo Rd to left on Greenbriar Rd to right on Margot Rd to properties on your left.
Taxes and HOA Information
  • HOA YN: No
  • HOA Subject To: None
  • Tax Assessed Value: $441,500.00
  • Parcel Number: 2920-56-1607-000
  • City Taxes Paid To: No City Taxes Paid
School Information
  • Middle Or Junior School: None
  • High School: Watauga
  • Elementary School: Hardin Park
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport YN: No
  • Garage YN: No
  • Garage Main Level YN: No
Property
Lot Information
  • Above Grade Finished Area: 4130.0
  • Below Grade Finished Area: 0.0
  • Lot Size Units: Acres
  • Property Type: Residential Income
Property and Assessments
  • Geocode Confidence: Medium
  • Down Payment Resource YN: Yes
  • New Construction YN: No
  • Photos Count: 15
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Senior Community YN: No
Green Features
  • Green Verification Count: 0
Utilities
  • Sewer: Septic Installed
  • Water Source: Community Well
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood
  • Pool Private YN: No
  • Road Surface Type: Gravel, Paved
Interior Features
  • Appliances: Electric Range, Refrigerator, Washer/Dryer
  • Cooling: Ceiling Fan(s)
  • Heating: Baseboard
  • Laundry Features: In Hall
  • Foundation Details: Crawl Space
  • Basement YN: No
  • Stories: 2
Multi Family
Multi-Family Information
  • Unit Type: 4 Bedroom Or More
  • Number Of Units Total: 4
Rental
Rent Information
  • Tenant Pays: All Utilities
  • Pets Allowed: Yes

Property History for 573 Margot Road

DateEvent & SourcePriceAppreciation
Dec 16, 2025

Listed (Active)

CANOPY #4329933

$1,390,000—
DateEvent & SourcePrice
12/16/2025

Listed (Active)

CANOPY #4329933

$1,390,000

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

Schools near 573 Margot Road

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

Watauga High
Public9 to 12

Watauga Innovation Academy
Public9 to 12

Watauga Virtual Academy
PublicK to 8

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 573 Margot Road, Boone, NC 28607

573 Margot Road is a multi-family home for sale in Boone, NC 28607. This property was listed for sale on December 16, 2025 by Page Sauder, it's currently listed at $1,390,000. This listing's school district is Watauga County School District. Nearby schools include Hardin Park Elementary, Watauga High and Watauga Innovation Academy. 573 Margot Road is a 0-bed, 0-bath, 4,130 sqft multi-family home built in 1989.

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 Page Sauder

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/24/2025 11:20 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.