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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.
- Listed by Page Sauder • Page Sauder • (828) 263-8924
Property Details for 591-573 Margot Road
Property Details for 591-573 Margot Road
| Status | Active |
|---|---|
| MLS # | 259369 |
| Days on Market | 9 |
| Taxes | $2,129 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Duplex |
| Year Built | 1989 |
| Lot Size | 1.25 AC / 54,450 SF |
| County | Watauga County |
Location
Building Information for 591-573 Margot Road
Payment Calculator
$7,046 per month
30 year fixed, 6.28% Interest
$6,868
$177
$0
Property Information for 591-573 Margot Road
- Directions: Hwy 421 to Bamboo Rd to left on Greenbriar Rd to right on Margot Rd to properties on your left.
- Road Surface Type: Paved
- Postal Code: 28607
- Road Responsibility: PublicMaintainedRoad
- MLS Area Major: 1-Boone, Brushy Fork, New River
- Parcel Number: 2920-56-1607-000
- Additional Parcels Description: 2920-56-1534-000
- Association: No
- Tax Annual Amount: $2,129
- Tax Book Number: 2213/26
- Elementary School: Hardin Park
- High School: Watauga
- Lot Size Acres: 1.25
- Lot Size Area: 1.25
- Lot Size Units: Acres
- Year Built: 1989
- Documents Available: RentRolls
- Human Modified: Yes
- Sewer: Other, SeeRemarks
- Utilities: SeparateMeters, HighSpeedInternetAvailable
- Water Source: CommunityCoop
- Exterior Features: Other, SeeRemarks
- Construction Materials: WoodSiding, WoodFrame
- Roof: Asphalt, Shingle
- Bathrooms Full: 0
- Bathrooms Half: 0
- Bathrooms Total: 0
- Bedrooms Total: 0
- Heating: Yes
- Heating: Baseboard, Electric
- Number Of Units In Community: 4
- Number Of Units Total: 1
- Unit Type Description: 2 or More Baths,Deck,Kitchen,Living Room,Oven/Range Electric,Parking Lot,Refrigerator,Washer/Dryer
- Unit Type Type: FourBedroomOrMore
Property History for 591-573 Margot Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Dec 15, 2025 | Listed (Active) High Country Association of REALTORS #259369 | $1,390,000 | — |
| Dec 10, 2025 | Withdrawn High Country Association of REALTORS #255231 | $1,475,000 | — |
| Aug 4, 2025 | Price Change High Country Association of REALTORS #255231 | $1,519,000 | — |
| Jul 22, 2025 | Price Change High Country Association of REALTORS #255231 | $1,550,000 | — |
| Jul 8, 2025 | Price Change High Country Association of REALTORS #255231 | $1,590,000 | — |
| Apr 30, 2025 | Listed (Active) High Country Association of REALTORS #255231 | $1,750,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 12/15/2025 | Listed (Active) High Country Association of REALTORS #259369 | $1,390,000 |
| 12/10/2025 | Withdrawn High Country Association of REALTORS #255231 | $1,475,000 |
| 08/04/2025 | Price Change High Country Association of REALTORS #255231 | $1,519,000 |
| 07/22/2025 | Price Change High Country Association of REALTORS #255231 | $1,550,000 |
| 07/08/2025 | Price Change High Country Association of REALTORS #255231 | $1,590,000 |
| 04/30/2025 | Listed (Active) High Country Association of REALTORS #255231 | $1,750,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 591-573 Margot Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 | |||
| 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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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
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.















