Banner Elk, NC Multifamily properties for sale

Banner Elk Multi-Family Investment Opportunity

$1,175,000

0.48 Acres

Banner Elk Multi-Family Investment Opportunity

226 Beech Haven Rd, Banner Elk, NC 28604

Four rentable units with income potential near Beech Mountain.

High income potential: Projected to gross over $200k annually once all 4 units are complete, with one unit already earning $50k in its first year.
Partially Cash‑Flowing Investment: Two units are already renovated and generating income as luxury short‑term rentals.
Prime Location: Situated between Beech Mountain and downtown Banner Elk, near Lees McRae College, enhancing guest appeal.
Value‑Add Opportunity: Two units are gutted, allowing the new owner to customize and scale the property to its full potential.
Major Renovations Completed: Significant upgrades to the roof, windows, and core infrastructure have already been addressed.

Updated: Dec 2, 2025

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Banner Elk, NC Multifamily Properties Investment Opportunities Market Analysis

Explore 13 multifamily properties for sale in Banner Elk, NC on our real estate platform. These investment opportunities span a total of 532,609 square feet of properties for sale, with an estimated market value of $4,330,000.

Prices for multifamily properties in Banner Elk, NC start at $325,000, averaging $481,111, and reaching up to $1,175,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

Banner Elk, NC Multifamily Properties for Sale

Banner Elk Multi-Family Investment Opportunity

Four rentable units with income potential near Beech Mountain.