Building Details

Buildings 1

Listing Agency: Elevate Land & Realty Banner Elk Show Phone

Listed By: Amy LaBarre Show Phone

Source: Exprealty

Added: Jul 6 Changed: Aug 7 Last Checked: Aug 10 at 9:00AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elevate Land & Realty Banner Elk

Investment Insights

Based on property information with market context.

This quadplex contains four separate rental units, each with its own entrance. The building includes mountain-style interior finishes, multiple decks, and views toward the ski slopes. An unfinished basement is heated and insulated, providing storage space and stated potential for conversion into two additional rental units.

Located at 2730 Tynecastle Hwy in Banner Elk, the property is minutes from restaurants, shopping, and outdoor recreation. Ski resorts and hiking trails are also nearby, with year-round activities in the surrounding High Country. Ample parking is provided for the multi-unit property.

Key Highlights

• Four separate rental units with individual entrances
• Unfinished heated and insulated basement
• Basement offers storage and potential for two additional rental units

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith Garden Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

194

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

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 - Four units have individual entrances for short- or long-term rental use.

Where is this quadplex located?

The property is located at 2730 Tynecastle Hwy 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 separate rental units with individual entrances; Unfinished heated and insulated basement; Basement offers storage and potential for two additional rental units