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Banner Elk, NC

Multifamily

Banner Elk, NC Multifamily Properties for Sale

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

Fourplex With Efficiency Units

Updated: Apr 6, 2025

Fourplex With Efficiency Units

270 Elk Hill Drive, Banner Elk, NC 28604

$875,000

0.39 AC lot

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
Covered carport area holds 3 cars plus parking pad on a vacant .11‑acre parcel (total acreage with lot and 4‑plex: .39 acre)
Includes a 384' clean space cold room located behind the lower right‑side efficiency

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 1 Active listings in Banner Elk, NC, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 12 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Short-Term Rental Property with Two Homes

Short-Term Rental Property with Two Homes

556/558 Thorncliff Drive, Seven Devils, NC 28604

$1,199,000

3.03 AC lot

Short-term rental property on a 3.03-acre parcel with a main residence and an A-frame guest cottage.

Two Mountain Homes with Rental Cottages

Two Mountain Homes with Rental Cottages

556/558 Thorncliff Drive, Seven Devils, NC 28604

$1,199,000

3.03 AC lot

Own two mountain residences on one parcel, currently used as short-term rentals with reported revenue.

RV Lot with Covered Deck

RV Lot with Covered Deck

55 Sassafras Road, Newland, NC 28657

$197,451

0.12 AC lot

RV lot with outdoor kitchen, entertainment area, and storage.

Recreation Land RV Site

Recreation Land RV Site

158 Trillium Road, Newland, NC 28646

$118,500

0.12 AC lot

Recreation land lot offered as an RV site within Linville Land Harbor, with access to shared resort-style amenities.

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.

Wooded Land in Forest Creek

Wooded Land in Forest Creek

Daisy Place, Collettsville, NC 28611

Contact for pricing

5.45 AC lot

5.45 acres of wooded land; manufactured homes allowed.

Warrensville Land with River Frontage

Warrensville Land with River Frontage

Ed Little Road, Warrensville, NC 28693

$75,000

11.17 AC lot

11+ acre property with river frontage and mountain views.

Abingdon Land Near South Holston

Abingdon Land Near South Holston

1.80 AC Twin Oaks Rd lot: 1, Abingdon, VA 24211

$54,900

1.80 AC lot

1.8-acre building lot near amenities and South Holston Lake.

Abingdon, VA Building Lot

Abingdon, VA Building Lot

1.77 AC Twin Oaks Rd lot: 2, Abingdon, VA 24211

$54,900

1.77 AC lot

1.77-acre building lot near South Holston Lake.

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

Value Estimation by Request

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

Value Estimation by Request

2,040 sqft 0.41 AC lot

95 Eagle Park Cir

CAMPGROUND, RV PARK

95 Eagle Park Cir, Banner Elk, NC 28604

Value Estimation by Request

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

$530,000

Estimated value

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

$705,000

Estimated value

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

$1,260,000

Estimated value

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

Value Estimation by Request

528 sqft 2.87 AC lot

143 Pond Crk Rd

APARTMENT HOUSE (5+ UNITS)

143 Pond Crk Rd, Banner Elk, NC 28604

Value Estimation by Request

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

$510,000

Estimated value

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

$1,195,000

Estimated value

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

Value Estimation by Request

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

$640,000

Estimated value

4,392 sqft 1.08 AC lot

Banner Elk, NC Multifamily Properties Market Trends and Statistics

Explore 13 multifamily properties for sale in Banner Elk, NC on our real estate platform.

Sale prices for multifamily properties in Banner Elk, NC average $875,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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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	$875K

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

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