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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 Sugar Mountain, NC Lenoir, NC Linville, NC Seven Devils, NC Sugar Grove, NC Newland, NC

Renovated Four-Unit Mountain Quadplex

Updated: Sep 1

Renovated Four-Unit Mountain Quadplex

270 Elk Hill Drive, Banner Elk, NC 28604

$875,000

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

Mixed-Use Property with Guest Quarters

Updated: Feb 28

Mixed-Use Property with Guest Quarters

1644 Broadstone Road, Banner Elk, NC 28604

$995,000

2.91 AC lot

5,100 SQ FT mixed‑use property on approximately 2.91 acres
Separate living quarters provide additional accommodation or rental functionality
12+ parking spaces plus two outbuildings
Outdoor brick terrace with stone fireplace
Multiple HVAC systems and tankless gas water heater

Four-Residence Short-Term Rental Estate

Four-Residence Short-Term Rental Estate

164 Apple Blossom Ln, Banner Elk, NC

$1,145,000

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

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

Mountain-View Quadplex

Mountain-View Quadplex

2730 Tynecastle Hwy, Banner Elk, NC 28604

$875,000

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

Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 4 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 2 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.

Four-Bedroom Duplex

Four-Bedroom Duplex

323 Mountain Aire Ln, Boone, NC 28607

$725,000

Fully leased two-unit property with decks, on-site laundry, and municipal water and sewer service.

Student Housing with Retail Parking

Student Housing with Retail Parking

850 Blowing Rock Road, Boone, NC 28607

Contact for pricing

200-unit, 560-bed student housing complex with two retail spaces available and 62 parking spaces dedicated to retailers.

5 Acres with Rental Units

5 Acres with Rental Units

9980 HWY 412 S, Trade, TN 37691

$265,000

5.00 AC lot

5 acres with multiple rental units near Boone, North Carolina.

Lots/Land

Lots/Land

1929/1993 Bulldog Road, Trade, TN 37691

$389,000

Recreation land

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

22,215 sqft 0.50 AC lot

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

Abingdon Land Near South Holston

Abingdon Land Near South Holston

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

$48,900

1.80 AC lot

1.8-acre building lot near amenities and 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

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.

Sale prices for multifamily properties in Banner Elk, NC start at $875,000, averaging $972,500, and reaching up to $1,145,000 — 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	$905K

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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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: 18288983500

www.summitgrouprealestate.com/