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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

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.
More about this property
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