Fourplex With Efficiency Units

270 Elk Hill Drive Banner Elk, NC 28604

Claim this Listing
For Sale
$875,000

MULTI_FAMILY - Banner Elk, NC

Lot size:
0.39 Acres
Added:
Apr 6, 2025
Days on Market:
461
Last Refresh:
Jul 10 at 9:06 pm

Property Features for 270 Elk Hill Drive

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Lot size
0.39 Acres

Building Details

Year built
1986
Architectural style
Contemporary, Mountain

Listing agent Linda Cramblit

Listing office Blue Ridge Realty & Inv. - Banner Elk 110 Main Street W, Boone, NC

Listing date Apr 6, 2025

MLS# 254629 Listing URL

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 property is a fourplex configured with two upper 2-bedroom, 2-bath units and two lower efficiency apartments for four units total. The upper units have high vaulted ceilings and fireplaces, and the property includes a covered carport area that holds three cars with additional parking on the parcel. A cold room clean space measuring 384 feet is located behind the lower right-side efficiency. The electric is metered as a duplex.

The home is located in Banner Elk, with proximity to ski resorts, restaurants, shopping, and parks mentioned in the remarks. The property is described as having been completely renovated since purchase, and a list of updates is available in the documents.

Parking and lot information is provided with a total of 0.39 acres for the lot and the fourplex. Road maintenance is noted as a $540 per year fee.

Key Highlights

  • 4‑plex built in 1986 with high vaulted ceilings and 2 fireplaces
  • Unit mix: two 2BR/2BA units plus an efficiency apartment below each for 4 total units
  • All units reportedly completely renovated since purchased; list of updates available in documents

Property Analytics

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

(Bike/Boat/Book/etc) Store Auto Parts Store Locksmith Garden Center Furniture & Home Goods Grocery & Convenience Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair Veterinary Clinic Barber Shop

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

FAQs

What type of property is this?
Quadplex - Fourplex features two 2-bedroom/2-bath units and two efficiency units, with high vaulted ceilings and fireplaces.
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: 4‑plex built in 1986 with high vaulted ceilings and 2 fireplaces; Unit mix: two 2BR/2BA units plus an efficiency apartment below each for 4 total units; All units reportedly completely renovated since purchased; list of updates available in documents
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