Sold
Last Sold Price
591-573 Margot Rd, Boone, NC 28607
Multi FamilyProperty Type
1.25 acresLot Size
1989Year Built

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.
  • Listed by: Page Sauder • Page Sauder Properties (828) 263-8924
Listing closed: 02/24/2026 12:00 AM • Source: High Country Association of REALTORS, MLS#: 259369

Recent comparable sales

Median sold price

$600,000

Avg days on market

85

Sale-to-list ratio

91.3%

Boone, NC

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Location

Listing Courtesy of Page Sauder Properties

Sold By Keller Williams High Country

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$6,277 per month

30 year fixed, 6.55% Interest

Principal and Interest

$6,099

Property Taxes

$177

HOA Dues

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Property Information for 591-573 Margot Road

Property Details
  • Taxes: $2,129 / year
  • MLS Type: Residential Income / Duplex
  • Architectural Style: Traditional
  • Subdivision Name: Valley View
Building Information
  • Residences: 1
  • Year Built: 1989
  • Lot Size: 1.25 AC / 54,450 SF
Summary
Location and General Information
  • 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
Taxes and HOA Information
  • 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
School Information
  • Elementary School: Hardin Park
  • High School: Watauga
Property
Lot Information
  • Lot Size Acres: 1.25
  • Lot Size Area: 1.25
  • Lot Size Units: Acres
Property and Assessments
  • Year Built: 1989
  • Documents Available: RentRolls
  • Human Modified: Yes
Utilities
  • Sewer: Other, SeeRemarks
  • Utilities: SeparateMeters, HighSpeedInternetAvailable
  • Water Source: CommunityCoop
Interior and Exterior Features
Exterior Features
  • Exterior Features: Other, SeeRemarks
  • Construction Materials: WoodSiding, WoodFrame
  • Roof: Asphalt, Shingle
Interior Features
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total: 0
  • Bedrooms Total: 0
  • Heating: Yes
  • Heating: Baseboard, Electric
Multi Family
Multi-Family Information
  • Number Of Units In Community: 4
  • Number Of Units Total: 1
Unit 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

DateEvent & SourcePriceAppreciation
Feb 24, 2026

Closed

High Country Association of REALTORS #259369

$1,200,000
Jan 17, 2026

Under Contract-Show

High Country Association of REALTORS #259369

Jan 16, 2026

Under Contract-No Show

High Country Association of REALTORS #259369

DateEvent & SourcePrice
02/24/2026

Closed

High Country Association of REALTORS #259369

$1,200,000
01/17/2026

Under Contract-Show

High Country Association of REALTORS #259369

01/16/2026

Under Contract-No Show

High Country Association of REALTORS #259369

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

Schools near 591-573 Margot Road

This home is within Watauga County School District.
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 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 Page Sauder 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.