Renovated Mountain
For Sale
$875,000
270 Elk Hill Drive, Banner Elk, NC 28604
Multi Family, Contemporary, Mountain, Banner Elk, NC
Property SizeContact for details
Lot Size0.39 Acres
Days on Market507
Property Features for 270 Elk Hill Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
8-Banner Elk
Standard status
Active
Lot size
0.39 Acres
Amenities
high vaulted ceilings
fireplaces
covered carport
cold room
Building Details
Year built
1986
Architectural style
Mountain, Contemporary
Listing Agency:
Blue Ridge Realty & Inv. - Banner Elk
(828) 737-3100
Listed By:
Linda Cramblit · License #264404
(828) 263-8711
Added: Apr 6, 2025
Changed: Aug 19
Last Checked: Aug 25 at 5:06AM
MLS# 254629
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This mountain-style quadplex, built in 1986, includes two upper residences with two bedrooms and two bathrooms each, plus an efficiency apartment beneath each. The units have been renovated since the current ownership acquired the property. Upper-level residences feature vaulted ceilings and fireplaces, while the upper two units convey furnished subject to seller exclusions. The property also includes a 384' clean-space cold room behind the lower right efficiency and a covered carport with capacity for three vehicles.
The 0.39-acre holding combines the fourplex with a vacant 0.11-acre parcel that provides an additional parking pad. Banner Elk, Sugar Mountain, and Beech Mountain views are identified from the property. The configuration can accommodate multifamily, extended-family, guest, employee-housing, or short- and long-term rental use, subject to applicable requirements. The lower efficiencies are currently rented, and the electrical service is metered as a duplex.
The 0.39-acre holding combines the fourplex with a vacant 0.11-acre parcel that provides an additional parking pad. Banner Elk, Sugar Mountain, and Beech Mountain views are identified from the property. The configuration can accommodate multifamily, extended-family, guest, employee-housing, or short- and long-term rental use, subject to applicable requirements. The lower efficiencies are currently rented, and the electrical service is metered as a duplex.
Key Highlights
- Quadplex with two 2‑bedroom, 2‑bath units and two efficiency apartments
- Each unit has been completely renovated since purchased
- 0.39‑acre total property including the fourplex and vacant 0.11‑acre parcel
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit mountain property with renovated residences, flexible occupancy options, and covered parking near Banner Elk amenities.
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 $875,000.
What are key features of this property?
This property features: Quadplex with two 2‑bedroom, 2‑bath units and two efficiency apartments; Each unit has been completely renovated since purchased; 0.39‑acre total property including the fourplex and vacant 0.11‑acre parcel
