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    226 Beech Haven Rd Banner Elk, NC 28604

    New
    For Sale
    $1,175,000

    Cottage,Craftsman, Multi Family - Banner Elk, NC

    Type:Multi Family
    Lot size:
    0.48 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 226 Beech Haven Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    3
    Lot size
    0.48 Acres

    Building Details

    Year built
    1936
    Building materials
    Frame
    Architectural style
    Cottage

    Keller Williams High Country (404) 277-3545 [email protected]

    Listing agent Nikki Rezvani (828) 386-1086

    Listing date Dec 2, 2025

    MLS# 259201 Listing URL

    Copyright © 2025 High Country Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Banner Elk Multi-Family Investment Opportunity

    Located in Banner Elk, North Carolina, this property presents an investor opportunity with four rentable units, including a triplex and a separate one-bedroom bungalow. Two of the units have been renovated as luxury short-term rentals. The fully completed one-bedroom unit has generated $50,000 in its first year. The top-floor unit is actively booking. The remaining two units have been fully gutted. The third unit (main floor) is actively being completed, with an estimated completion in Spring 2026. The property is projected to gross over $200,000 per year once all four units are complete. Major systems and infrastructure, including the roof and windows, have been addressed. The main home will offer 3,494 square feet across three levels once completed, and the detached bungalow adds an additional 715 square feet of finished space, totaling 4,209 square feet. Situated on a 0.48-acre lot, the property is located on the way to Beech Mountain and a short drive to downtown Banner Elk and Lees McRae. Short-term rentals are the intended use, but long-term rentals could also cover expenses. This property is located in Avery County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Auto Repair Shop Clothing Store Pharmacy Gym & Fitness Kitchen & Bath Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Banner Elk
    County
    Watauga
    State
    North Carolina
    Longitude
    -81.8760287
    Latitude
    36.1650532

    Nearby Similar for Sale

    • $1,095,000

      Multi-Use Building Near Beech Mountain

      Versatile property with office space and income-generating residential units.
      3026 Beech Mountain Pkwy, Banner Elk, NC 28604
      View Details

    FAQs

    What type of property is this?
    Triplex - Four rentable units with income potential near Beech Mountain.
    Where is this triplex located?
    The property is located at 226 Beech Haven Rd Banner Elk, NC.
    What is the asking price?
    The asking price for this property is $1,175,000.
    What are key features of this property?
    This property features: - High income potential: Projected to gross over $200k annually once all 4 units are complete, with one unit already earning $50k in its first year.; - Partially Cash-Flowing Investment: Two units are already renovated and generating income as luxury short-term rentals.; - Prime Location: Situated between Beech Mountain and downtown Banner Elk, near Lees McRae College, enhancing guest appeal.
    (828) 386-1086
    Request Owner's contact information
    226 Beech Haven Rd Banner Elk, NC 28604
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    Banner Elk, NC 28604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    226 Beech Haven Rd Banner Elk, NC 28604
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