Renovated Four-Unit Mountain
New
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 Market1
Property Features for 270 Elk Hill Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Subdivision
8-Banner Elk
Standard status
Active
Lot size
0.39 Acres
Amenities
long-range views
vaulted ceilings
fireplaces
storage 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) 260-1545
Added: Sep 1
Last Checked: Sep 1 at 2:06PM
MLS# 264024
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.
Built in 1986 and extensively renovated, this contemporary mountain quadplex contains four living spaces. The upper level includes two furnished residences, each configured with two bedrooms and two bathrooms, while a separate efficiency apartment is positioned beneath each one. Vaulted ceilings and two fireplaces add distinctive interior features, and long-range views extend toward Banner Elk, Sugar Mountain, and Beech Mountain.
The property encompasses approximately 0.39 acres, including an additional 0.11-acre vacant parcel. A 384-square-foot clean, unheated storage room is located behind the lower right efficiency unit. Covered carport parking accommodates up to three vehicles, with additional parking on the vacant parcel. The lower efficiency apartments are currently rented, and electricity is metered as a duplex. The property is near ski resorts, restaurants, shopping, parks, and other High Country attractions.
The property encompasses approximately 0.39 acres, including an additional 0.11-acre vacant parcel. A 384-square-foot clean, unheated storage room is located behind the lower right efficiency unit. Covered carport parking accommodates up to three vehicles, with additional parking on the vacant parcel. The lower efficiency apartments are currently rented, and electricity is metered as a duplex. The property is near ski resorts, restaurants, shopping, parks, and other High Country attractions.
Key Highlights
- Four total living spaces: two 2‑bedroom, 2‑bath upper units and two lower efficiency apartments
- Approximately 0.39 acres, including a 0.11‑acre vacant parcel
- 384‑square‑foot clean, unheated storage room
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Renovated mountain property with two upper-level residences and two lower efficiency apartments.
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: Four total living spaces: two 2‑bedroom, 2‑bath upper units and two lower efficiency apartments; Approximately 0.39 acres, including a 0.11‑acre vacant parcel; 384‑square‑foot clean, unheated storage room
