Date
Details
Price
Change
Source
12/15/2025
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 591 & 573 Margo Rd
General
- Price: $1,390,000
- Taxes: $2,128
- Status: Active
- Type: Duplex
- Source: 2217
- MLS ID: 259369
- Updated: 1/2/2026
- Added to Site: 32 day(s) ago
Exterior
- Exterior Features: Other, See Remarks
Location
- Area: 1-Boone, Brushy Fork, New River
- County: Watauga
- Subdivision: Valley View
School Information
- Elementary School: Hardin Park
- High School: Watauga
Community
- Community Name: 1-Boone, Brushy Fork, New River
- Units Assoc/Comm: 4
Heating & Cooling
- Heating Type: Baseboard, Electric
Utilities
- Sewer: Other, See Remarks
- Water: Community/Coop
- Utility Description: Separate Meters, High Speed Internet Available
Structural Information
- Architectural Style: Traditional
- Detached/Attached: Detached
- Construction: Wood Siding, Wood Frame
- Roof: Asphalt, Shingle
- Square Feet: 4,130
- Year Built: 1989
Lot Features
- Lot Size (Acres): 1.25
- Lot Size: 1.25
- Road Maintenance: Public Maintained Road
Financial Considerations
- Tax Amount: $2,128.87
- Terms: Cash, Conventional, New Loan
Disclosures and Reports
- Property ID: 2920-56-1607-000
Listed by Page Sauder Properties
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Listing agent
— 591 & 573 Margo Rd —
Page Sauder Properties
(828) 263-8924
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 591 & 573 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 591 & 573 Margo Rd
Estimate the Cost
Estimate the Cost for 591 & 573 Margo Rd
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- Land Residential
- Active
- Updated 11 hours ago
- 0.2Acres
- Condo
- Active
- Updated 12 hours ago
- 3Beds
- 4Total Baths
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 5Total Baths
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591 & 573 Margo Road, Boone, NC 28607 (MLS# 259369) is a Duplex property with 0 bedrooms and 0 full bathrooms. 591 & 573 Margo Road is currently listed for $1,390,000 and was received on December 15, 2025. Want to learn more about 591 & 573 Margo Road? Do you have questions about finding other Duplex real estate for sale in Boone? You can browse all Boone real estate or contact a Coldwell Banker agent to request more information.