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    Renovated Blowing Rock Multi-Unit Property Title is generated by Realmo AI

    252 Sunset Dr, Blowing Rock, NC 28605

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    Claim this Listing
    For Sale
    $1,800,000

    Mobile Home, Multi-Unit (2-4) - Blowing Rock, NC

    Property size:
    1,740 SF
    Lot size:
    0.47 Acres
    Price / SF:
    $1,034/SF
    Added:
    Apr 14, 2026
    Days on Market:
    54
    Last Refresh:
    Jun 6 at 1:06 am

    Property Features for 252 Sunset Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    100
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Living Room
    Parking features
    Garage
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    2817-07-0708-000
    Size
    1,740 SF
    Lot size
    0.47 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3063

    Utilities

    Heating system
    Electric (Heating), Fireplace(s), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2000
    Year renovated
    2000
    Flooring type
    Hardwood
    Building materials
    Stucco
    Architectural style
    Other

    We can help!

    Listing Contact
    Ralph Harvey

    Listing agent Ralph Harvey

    Listing office List With Freedom.com 5724 SW 77th Ave Rd, Boynton Beach, NC

    Listing date Apr 14, 2026

    MLS# 11511480 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location: Walkable to downtown Blowing Rock shops, restaurants, parks, and live music.
    • Flexible living options: Two full kitchens and separate living spaces ideal for rental, multi‑generational living, or guest accommodations.
    • Completely renovated: Property is like new, meticulously maintained.
    • Proven rental potential: Fenced yard adds value for pet owners and vacation renters.
    • Four bedrooms and four bathrooms.
    • Outdoor amenities: Front porch, fire pit, and gas BBQ grill.

    Overview

    Located steps from downtown Blowing Rock, this renovated 4-bedroom, 4-bath property offers both lifestyle and income opportunities. The property features two full kitchens and separate living spaces, suitable for short-term rentals, multi-generational living, or a private residence with guest accommodations. Enjoy two gas fireplaces, a front porch, an outdoor fire pit, and a gas BBQ grill. The fenced yard adds value for pet owners and vacation renters. The property is suitable as a full-time residence, weekend escape, or income-producing investment. The property has been completely renovated down to the studs and meticulously maintained. The property size is 1740 square feet and the lot size is 0.47 acres. Four parking spaces are available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Law Firm Real Estate Agency Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Blowing Rock
    County
    Watauga
    State
    North Carolina
    Longitude
    -81.675457
    Latitude
    36.132681

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    FAQs

    What type of property is this?
    Quadplex - Four-bedroom, four-bath property near downtown Blowing Rock.
    Where is this quadplex located?
    The property is located at 252 Sunset Dr Blowing Rock, NC.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Prime location: Walkable to downtown Blowing Rock shops, restaurants, parks, and live music.; Flexible living options: Two full kitchens and separate living spaces ideal for rental, multi‑generational living, or guest accommodations.; Completely renovated: Property is like new, meticulously maintained.
    (888) 456-4945
    We can help!
    Listing Contact
    Ralph Harvey
    Real Estate License ID: B22049
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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