179 Hillside Dr, Boone, NC 28607
This meticulously maintained, two-unit duplex in Boone, North Carolina, presents a compelling investment opportunity. Located at 179 Hillside Dr, 28607, this property enjoys a prime location within walking distance of Appalachian State University's campus and downtown Boone, ensuring consistent high demand in the robust student rental market. Currently fully leased, generating a gross annual income of $68,400 (commencing August 2025), this duplex boasts a strong 6.23% cap rate and a net operating income (NOI) of $49,757. Recent upgrades include new flooring, appliances, bathrooms, kitchen cabinets and countertops, interior and exterior paint, gutters, and a roof replacement in 2019. Each unit features a washer/dryer, and ample parking is available for tenants. The property's total square footage is based on appraiser measurements provided by the seller, with unit-specific square footage details available in the provided floor plans. A 24-hour notice is required for showings. Note that photos were taken when the units were vacant. Asking price is $799,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.