Realmo

Buy
- For Sale
- Post a Listing
Property Types
- Retail
- Office
  
  Building
  
  Live - Work Space
- Residential Income
  
  Multifamily
  
  Quadplex
  
  Short Term Rental
- Mixed-Use
- Land
  
  Residential
  
  Commercial
  
  Recreation
  
  Agricultural
  
  Waterfront
Rent
- For Lease
- Post a Listing
Space Uses
- Retail
- Restaurant
Analytics
- Property Report
- Get Leads
- Value est.
- Cap rates
- Debts
- Zoning
- Locations
- Market TrendsSoon
- CRE Guide

Advertise Sign In

For Sale
- Retail
- Office
  - Building
  - Live - Work Space
- Residential Income
- Mixed-Use
- Land
  - Residential
  - Commercial
  - Recreation
  - Agricultural
  - Waterfront
For Lease
- Retail
- Restaurant
Property Report
Get Leads
Value est.
Cap rates
Debts
Zoning
Locations
Market TrendsSoon
CRE Guide
Advertise
Find Agents

Banner Elk, NC

Multifamily

Banner Elk, NC Multifamily Properties for Sale

List

Map

Beech Mountain, NC Elk Park, NC Sugar Mountain, NC Linville, NC Seven Devils, NC Sugar Grove, NC Newland, NC Boone, NC

Renovated Four-Unit Mountain Quadplex

Updated: Sep 1

Renovated Four-Unit Mountain Quadplex

270 Elk Hill Drive, Banner Elk, NC 28604

$849,000

0.39 AC lot

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
Covered carport parking for up to three vehicles, plus additional parking on the vacant parcel
Long‑range views of Banner Elk, Sugar Mountain, and Beech Mountain

4-Unit Quadplex with Mountain Views

Updated: Oct 29

4-Unit Quadplex with Mountain Views

270 Elk Hill Drive, Banner Elk, NC 28604

$849,000

3,302 sqft 0.39 AC lot

Four living spaces: two 2‑bedroom, 2‑bath upper units and two lower efficiency apartments
3,302‑square‑foot building on approximately 0.39 acres, including a 0.11‑acre vacant parcel
384‑square‑foot unheated storage room behind a lower efficiency apartment
Covered carport parking for up to three vehicles, plus additional parking on the included parcel
Views toward Banner Elk, Sugar Mountain, and Beech Mountain

Four-Residence Short-Term Rental Estate

Four-Residence Short-Term Rental Estate

164 Apple Blossom Ln, Banner Elk, NC

$1,050,000

4 units 3 buildings Furnished

Road access

Furnished residences with professional management, paved access, and dedicated Level 2 EV charging at each home.

EV charging station

Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads

Mountain-View Quadplex

Mountain-View Quadplex

2730 Tynecastle Hwy, Banner Elk, NC 28604

$875,000

4 units 1 building

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

Decks

4 active listings match your search: Multifamily for sale in Banner Elk, NC. Based on your search, we've also compiled 17 Potential Opportunities for your consideration: 4 properties in nearby cities, 12 off-market properties to explore as potential leads, and 1 land listing with development potential.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Two-Unit Duplex

Two-Unit Duplex

181 Circle Drive 1 & 2, Vilas, NC 28692

$879,000

2 units 3,640 sqft 1 building Built 2026

100% occupied

Both residences are leased through July 2027, with separate thermostats and heating zones on each floor.

2 x 2BR/2.5BA

Renovated Duplex With Mountain Deck

Renovated Duplex With Mountain Deck

104 Hornbeam Road, Beech Mountain, NC 28604

$449,000

2 units Built 1981 0.61 acres

Two separate residences combine updated interiors with open layouts and mountain-oriented outdoor space.

1 x 2BR/1BA plus sleeping loft 1 x 2BR/1BA Stone gas fireplace Large deck New stainless appliances

Two-Unit Duplex with Balconies

Two-Unit Duplex with Balconies

181 Circle Drive #1 & 2, Vilas, NC 28692

$879,000

3,640 sqft Built 2026

Each residence has two bedrooms, two-and-a-half baths, and a separate thermostat for each floor.

Duplex with Sleeping Loft

Duplex with Sleeping Loft

104 Hornbeam Road, Beech Mountain, NC 28604

$449,000

2 units Built 1981

Two renovated residences provide four bedrooms and two baths in total.

1 x 2BR/1BA + loft 1 x 2BR/1BA Fireplace Deck

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Residential Lot Near Watauga Lake

Residential Lot Near Watauga Lake

262 Stout Branch Road, Mountain City, TN 37683

$69,900

0.5 acres 22,215 sqft

Level lot with utilities, no restrictions, near Roan Creek.

Off-Market Properties in Banner Elk, NC

Consider similar Off-Market properties in Banner Elk, NC. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

1064 Shawneehaw Ave

GARDEN APT, COURT APT (5+ UNITS)

1064 Shawneehaw Ave, Banner Elk, NC 28604

Estimated value:

$350,000

2,882 sqft 2.56 AC lot

9392 Nc Hwy 105th S

APARTMENT HOUSE (5+ UNITS)

9392 Nc Hwy 105th S, Banner Elk, NC 28604-6630

Estimated value:

$360,000

2,040 sqft 0.41 AC lot

95 Eagle Park Cir

CAMPGROUND, RV PARK

95 Eagle Park Cir, Banner Elk, NC 28604

Estimated value:

$325,000

247 sqft 0.36 AC lot

9311 Nc Hwy 105th S

APARTMENT HOUSE (5+ UNITS)

9311 Nc Hwy 105th S, Banner Elk, NC 28604-6628

Estimated value:

$365,000

735 sqft 0.67 AC lot

154 Villa Casa Ave

GARDEN APT, COURT APT (5+ UNITS)

154 Villa Casa Ave, Banner Elk, NC 28604-6308

Estimated value:

$350,000

5,224 sqft 1.74 AC lot

5170 Nc Hwy 105th S

GARDEN APT, COURT APT (5+ UNITS)

5170 Nc Hwy 105th S, Banner Elk, NC 28604-8734

Estimated value:

$540,000

13,080 sqft 4.78 AC lot

4584 Nc Hwy 194th S

BOARDING/ROOMING HOUSE

4584 Nc Hwy 194th S, Banner Elk, NC 28604-9888

Estimated value:

$375,000

528 sqft 2.87 AC lot

143 Pond Crk Rd

APARTMENT HOUSE (5+ UNITS)

143 Pond Crk Rd, Banner Elk, NC 28604

Estimated value:

$390,000

126 sqft 0.32 AC lot

10894 Nc Hwy 105th S

APARTMENT HOUSE (5+ UNITS)

10894 Nc Hwy 105th S, Banner Elk, NC 28604-8658

Estimated value:

$445,000

2,652 sqft 0.24 AC lot

9115 Nc Hwy 105th S

APARTMENT HOUSE (5+ UNITS)

9115 Nc Hwy 105th S, Banner Elk, NC 28604-8903

Estimated value:

$1,195,000

4,281 sqft 2.03 AC lot

6680 Hickory Nut Gap Rd

GARDEN APT, COURT APT (5+ UNITS)

6680 Hickory Nut Gap Rd, Banner Elk, NC 28604-6769

Estimated value:

$260,000

1,488 sqft 1.22 AC lot

195 Beech Hvn Rd

GARDEN APT, COURT APT (5+ UNITS)

195 Beech Hvn Rd, Banner Elk, NC 28604-8260

Estimated value:

$390,000

4,392 sqft 1.08 AC lot

Banner Elk, NC Multifamily Properties Market Trends and Statistics

Explore 16 multifamily properties for sale in Banner Elk, NC, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 3,302 square feet of properties for sale, with an estimated market value of $3,623,000.

Sale prices for multifamily properties in Banner Elk, NC start at $849,000, averaging $905,750, and reaching up to $1,050,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

List

Map

Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 7,280

Population Growth (5Y) -4.7%

Median Household Income $64,052

College Educated 31.0%

High-Yield Neighborhoods for Investment

Identify Banner Elk submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
28604	$857.7K

Taxes & Financing

Tax Rate (average for all types) 0.40%

Property Tax per SF $7.60 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Avery County

New Delisted

How Realmo verifies these figures

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings

Contact Us

Browse Multifamily properties for Sale Near Banner Elk, NC

Beech Mountain Multifamily properties

Popular Searches in Banner Elk, NC

Popular Categories

Retail space

Most Searched ZIP Codes in Banner Elk, NC

28604

Featured Banner Elk Real Estate Agencies

Realmo connects you with licensed Banner Elk CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

The Summit Group of the Carolinas

P.O. Box 2435 Banner Elk, NC 28604

Phone: (828) 898-3500

www.summitgrouprealestate.com/

High Country Resort Properties

PO Box 1973 Banner Elk, NC 28604

Phone: (828) 963-2342

www.highcountryresortproperties.com/

Bear Real Estate Mountain Property Corporation

PO Box 2498 Banner Elk, NC 28604

Phone: (828) 260-5338

www.bearrealestate.com

Why this one?

Saved