Building Details

Year Built 1986

Buildings 1

Listing Agency: Blue Ridge Realty & Inv. - Banner Elk Show Phone

Listed By: Linda Cramblit · License #264404 Show Phone

Source: Lussorealty

Added: Oct 29 Last Checked: Oct 29 at 2:35PM

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Investment Insights

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This 3,302-square-foot quadplex contains two upper residences, each with two bedrooms and two bathrooms, plus an efficiency apartment beneath each. Vaulted ceilings and two fireplaces are among the interior features. The units have undergone extensive renovations since the current ownership began, and both upper residences are included furnished, subject to exclusions for certain artwork, décor, and personal items. A 384-square-foot unheated storage room sits behind one of the lower apartments.

The property totals approximately 0.39 acres, including a 0.11-acre vacant parcel below the building. Covered carport parking accommodates up to three vehicles, with additional parking on that parcel. Views extend toward Banner Elk, Sugar Mountain, and Beech Mountain. Ski resorts, restaurants, shopping, parks, and other High Country attractions are nearby. The lower efficiency apartments are tenant-occupied, and advance notice is required for showings.

Key Highlights

• Four living spaces: two 2‑bedroom, 2‑bath upper units and two lower efficiency apartments
• 3,302‑square‑foot building on approximately 0.39 acres, including a 0.11‑acre vacant parcel
• 384‑square‑foot unheated storage room behind a lower efficiency apartment

Property Analytics

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Lease Details

4

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

148

Businesses Nearby

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Demographics for 28604, NC

7,050

Population

9,148

Households

0.8

Avg Household Size

48

Median Age

44%

College-Educated

93%

High-School Grad

68.7 sq mi

ZIP Area

103

Density / Sq Mi

$64,052

Median Household Income

$31,341

Median Earnings

$932

Median Rent

$319,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Two upper residences pair with efficiency apartments below, creating four separate living spaces.

Where is this quadplex located?

The property is located at 270 Elk Hill Drive Banner Elk, NC.

What is the asking price?

The asking price for this property is $849,000.

What are key features of this property?

This property features: Four living spaces: two 2‑bedroom, 2‑bath upper units and two lower efficiency apartments; 3,302‑square‑foot building on approximately 0.39 acres, including a 0.11‑acre vacant parcel; 384‑square‑foot unheated storage room behind a lower efficiency apartment