Date
Details
Price
Change
Source
12/16/2025
Listed
$1,390,000
—
MLS
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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1/15
$1,390,000
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1/15
Property 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, 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.
Full Property Details
Full Property Details for 573 & 591 Margo Rd
General
- Price: $1,390,000
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4329933
- Updated: 12/16/2025
- Added to Site: 31 day(s) ago
Interior
- Appliances: Electric Range, Refrigerator, Washer/Dryer
Rooms
Other Rooms
- Laundry: In Hall
Parking
- Parking Features: Parking Lot
Location
- County: Watauga
- Driving Directions: Hwy 421 to Bamboo Rd to left on Greenbriar Rd to right on Margot Rd to properties on your left.
School Information
- Elementary School: Hardin Park
- Middle School: None
- High School: Watauga
Community
- Pets Allowed: Yes
- Pets: Yes
Heating & Cooling
- Cooling Type: Ceiling Fan(s)
- Heating Type: Baseboard
Utilities
- Sewer: Septic Installed
- Water: Community Well
Structural Information
- Architectural Style: Traditional
- Construction: Site Built
- Exterior Const.: Wood
- Square Feet: 4,130
- Year Built: 1989
Lot Features
- Street/Road Desc.: Gravel, Paved
Financial Considerations
- Tenant Pays: All Utilities
Disclosures and Reports
- Special Conditions: Subject to Lease
- Property ID: 2920-56-1607-000
- Lot Number: 2213/26
Listed by Page Sauder
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Listing agent
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Schools
Schools serving 573 & 591 Margo Rd
School District:Watauga County Schools
| Name | Grades | Distance |
|---|---|---|
Hardin Park Elementary 361 Jefferson Road, Boone, NC 28607 | PK-8 | 2.1 mi |
Watauga High 300 Go Pioneers Drive, Boone, NC 28607 | 9-12 | 1.4 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 573 & 591 Margo Rd
Estimate the Cost
Estimate the Cost for 573 & 591 Margo Rd
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- Condo
- Active
- Updated 12 hours ago
- 3Beds
- 4Total Baths
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 5Total Baths
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- Single Family
- Active
- Updated 4 days ago
- 2Beds
- 1Total Bath
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573 & 591 Margo Road, Boone, NC 28607 (MLS# 4329933) is a Single Family property with 0 bedrooms and 0 full bathrooms. 573 & 591 Margo Road is currently listed for $1,390,000 and was received on December 16, 2025. Want to learn more about 573 & 591 Margo Road? Do you have questions about finding other Single Family real estate for sale in Boone? You can browse all Boone real estate or contact a Coldwell Banker agent to request more information.