For Sale
$799,000

179 Hillside Dr Boone, NC 28607

Turn-key duplex, walk to App State

Overview

Added:
Jan 24
Days on market:
94
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.

Highlights

  • $799,000 asking price for a multifamily investment property.
  • 6.23% cap rate with a $49,757 Net Operating Income (NOI).
  • Two-unit duplex located in Boone, NC, within walking distance of Appalachian State University.
  • Currently fully leased, generating $68,400 in annual gross rent.
  • Recently updated with new flooring, appliances, bathrooms, and kitchen upgrades.

Property Details for 179 Hillside Dr

Property type
Dormitories, Student housing
Units
2

Location Insight

City
Boone
County
Watauga
State
North Carolina
Latitude
36.2152302
Longitude
-81.6704255

FAQs

What type of property is this?
Dormitory - Turn-key duplex, walk to App State
Where is the dormitory located?
The property is located at 179 Hillside Dr Boone, NC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: $799,000 asking price for a multifamily investment property.; 6.23% cap rate with a $49,757 Net Operating Income (NOI).; Two-unit duplex located in Boone, NC, within walking distance of Appalachian State University.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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179 Hillside Dr
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