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$6,300,000

  • For Sale
  • Active
  • Commercial
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Rare opportunity to own prime real estate in Boone, NC, with the Campus Hill Apartments. Located on West King Street and Wallace Circle in downtown Boone, NC, across the street from the campus of Appalachian State University. This is student housing with redevelopment potential, on just under an acre of land. The property consists of seven separate buildings with 54 apartment units and 61 total bedrooms. It is currently at 100% occupancy, with additional income from parking spaces and on-site laundry. The location is within walking distance to most everything, including restaurants, bars, shops, parks, various neighborhoods, grocery stores, drug stores, and hotels. Starting in August 2025 the projected PGI is $570,300 per year. Property is located on five tax parcels as identified by Watauga County. Reported assessed value is all five tax parcels.

Full Property Details for 380 W King St

General

  • Price: $6,300,000
  • Status: Active
  • Type: Commercial
  • Source: Triad_MLS
  • MLS ID: 1186593
  • Updated: 11/25/2025
  • Added to Site: 199 day(s) ago

Location

  • County: Watauga
  • Building Name: Campus Hill Apts
  • Driving Directions: US Highway 421 to downtown Boone, NC. There are 7 separate addresses for the buildings. 380 W. King St., 392 W King St., 400 W King St., 402 W King. St., 412 W. King St., and 271 Wallace Circle

Structural Information

  • Year Built: 1959

Financial Considerations

  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Owner Sale

Listed by Underdown, Ball & Associates, LLC

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Listing agent

— 380 W King St —

  • Underdown, Ball & Associates, LLC

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 380 W King St

School District:Watauga County Schools
NameGradesDistance
Hardin Park Elementary
361 Jefferson Road, Boone, NC 28607
PK-81.1 mi
Watauga High
300 Go Pioneers Drive, Boone, NC 28607
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 380 W King St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/25/2025
Price Reduced
$6,300,000
-7.35%
MLS
7/01/2025
Listed
$6,800,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Underdown, Ball & Associates, LLC

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380 W King Street, Boone, NC 28607 (MLS# 1186593) is a Commercial property with 0 bedrooms and 0 full bathrooms. 380 W King Street is currently listed for $6,300,000 and was received on July 01, 2025. Want to learn more about 380 W King Street? Do you have questions about finding other Commercial real estate for sale in Boone? You can browse all Boone real estate or contact a Coldwell Banker agent to request more information.

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