573 & 591 Margo Road, Boone NC
- 1.3 ac
For Sale $1,390,000
Remarks:
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.
General Information:
| List Price: | $1,390,000 |
| Status: | For Sale |
| Type: | Fourplex |
| Parking: | Parking Lot |
| MLS Number: | CAR4329933 |
| Style: | Traditional |
| Year Built: | 1989 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Hardin Park |
| Middle: | None |
| High: | Watauga |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 12-17-2025 | Listed | $1,390,000 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Two Rivers Community School | 1 miles | KG-06 | 9 |
| Hardin Park Elementary | 2 miles | PK-05 | 9 |
| Parkway Elementary | 4 miles | PK-05 | 8 |
| Green Valley Elementary | 5 miles | PK-05 | 7 |
| Blowing Rock Elementary | 6 miles | KG-06 | 10 |
| Cove Creek Elementary | 8 miles | PK-05 | 7 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 573 & 591 Margo Road, Boone NC | 0 mi | $1,390,000 | days | |
| 306 Margot Road, Boone NC | 0.1 mi | $549,000 | days | |
| 174 Sunny Knoll Lane, Boone NC | 0.3 mi | $450,000 | days | |
| 140 Wilson Ridge Road, Boone NC | 1 mi | $1,995,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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Mortgage Calculator
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28607
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Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Page Sauder
573 & 591 Margo Road, Boone NC is a ft2 on a 1.250 acres Appraisal lot. This is for $1,390,000. This has bedrooms, baths, and was built in 1989.
Based on information submitted to the MLS GRID as of 2025-12-17 11:36:27 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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