Watauga County, NC Multifamily properties for sale

$6,800,000

Student Housing Redevelopment Opportunity

380 W King St, Boone, NC 28607

Prime real estate near Appalachian State University with redevelopment potential.

Prime real estate location in downtown Boone, NC, across from Appalachian State University.
Student housing with redevelopment potential on just under an acre of land.
Seven separate buildings with 54 apartment units and 61 total bedrooms.
Currently at 100% occupancy with additional income from parking and laundry.
Projected Potential Gross Income (PGI) of $570,300 per year starting August 2025.

Updated: Jul 3, 2025

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$799,000

Renovated Commercial/Residential Property on Highway 321

3453 Us Hwy 321 Hwy S, Blowing Rock, NC 28605

Dual-purpose property with commercial space and renovated apartment.

Prime location on Highway 321 between Boone and Blowing Rock with high visibility.
Dual‑purpose property: renovated commercial space and a separate 2‑bedroom apartment.
Income‑generating potential from commercial space and/or apartment rental (long‑term or Airbnb).
Renovated 2‑bedroom apartment with separate entrance and deck overlooking the New River.
Versatile commercial space suitable for retail, office, studio, or showroom.

Updated: Apr 21, 2025

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Updated Condo Near Blowing Rock

Light-filled, updated 2-bedroom condo near Blowing Rock Country Club.

123 Pinnacle Ave, Blowing Rock, NC 28605

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$997,000

3,110 SF

High Country Multifamily Investment

Blowing Rock, NC apartment building, great potential.

3385 Us Highway 321, Blowing Rock, NC 28605

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Explore Off-Market Properties in Watauga County, NC

Consider similar Off-Market properties in Watauga County, 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.

211 Spi Dr

MOBILE HOME PARK, TRAILER PARK • 5.73 Acres

Value Estimation by Request

211 Spi Dr, Deep Gap, NC 28618-9508

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130 Birch St

APARTMENT HOUSE (5+ UNITS) • 6,231 SF

Value Estimation

$2,295,000

130 Birch St, Boone, NC 28607-5074

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2158 Blowing Rock Rd

APARTMENT HOUSE (5+ UNITS) • 5,250 SF

Value Estimation

$2,700,000

2158 Blowing Rock Rd, Boone, NC 28607-6154

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575 Grn St

APARTMENT HOUSE (5+ UNITS) • 3,712 SF

Value Estimation

$2,235,000

575 Grn St, Boone, NC 28607

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287 Hardin St

APARTMENT HOUSE (5+ UNITS) • 10,440 SF

Value Estimation

$4,890,000

287 Hardin St, Boone, NC 28607-4409

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375 Hwy 105th Ext

APARTMENT HOUSE (5+ UNITS) • 3,128 SF

Value Estimation

$1,925,000

375 Hwy 105th Ext, Boone, NC 28607-6254

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326 Howard St

APARTMENT HOUSE (5+ UNITS) • 3,696 SF

Value Estimation

$2,265,000

326 Howard St, Boone, NC 28607-4018

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165 Robin Ln

APARTMENT HOUSE (5+ UNITS) • 19,808 SF

Value Estimation

$1,925,000

165 Robin Ln, Boone, NC 28607-4313

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135 Straight St

APARTMENT HOUSE (5+ UNITS) • 3,696 SF

Value Estimation

$1,905,000

135 Straight St, Boone, NC 28607-3590

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2588 Us Hwy 321st S

APARTMENT HOUSE (5+ UNITS) • 3,520 SF

Value Estimation

$1,505,000

2588 Us Hwy 321st S, Boone, NC 28607-8448

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828 Blowing Rock Rd

APARTMENT HOUSE (5+ UNITS) • 12,187 SF

Value Estimation

$47,405,000

828 Blowing Rock Rd, Boone, NC 28607-4872

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158 Lot Estes Dr

APARTMENT HOUSE (5+ UNITS) • 7,128 SF

Value Estimation

$700,000

158 Lot Estes Dr, Blowing Rock, NC 28605-6151

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201 Edgecliff Ln

APARTMENT HOUSE (5+ UNITS) • 1,650 SF

Value Estimation

$1,105,000

201 Edgecliff Ln, Boone, NC 28607-7691

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692 Fallview Ln

APARTMENT HOUSE (5+ UNITS) • 1,350 SF

Value Estimation

$910,000

692 Fallview Ln, Boone, NC 28607-0557

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768 Fallview Ln

APARTMENT HOUSE (5+ UNITS) • 1,350 SF

Value Estimation

$910,000

768 Fallview Ln, Boone, NC 28607-0558

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680 Fallview Ln

APARTMENT HOUSE (5+ UNITS) • 1,350 SF

Value Estimation

$910,000

680 Fallview Ln, Boone, NC 28607-0557

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500 Fallview Ln

APARTMENT HOUSE (5+ UNITS) • 1,350 SF

Value Estimation

$910,000

500 Fallview Ln, Boone, NC 28607-0556

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928 Fallview Ln

APARTMENT HOUSE (5+ UNITS) • 1,832 SF

Value Estimation

$910,000

928 Fallview Ln, Boone, NC 28607-0560

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Watauga County, NC Multifamily Properties Investment Opportunities Market Analysis

Explore 349 multifamily properties for sale in Watauga County, NC, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 9,038,651 square feet of properties for sale, with an estimated market value of $143,652,000.

Sale prices for multifamily properties in Watauga County, NC start at $100,000, averaging $748,187, and reaching up to $7,600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Watauga County, NC Multifamily Properties for Sale

Student Housing Redevelopment Opportunity

Prime real estate near Appalachian State University with redevelopment potential.