USANCBanner Elk173 Old Turnpike Rd
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New
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$415,000

For Sale

4 hours ago

173 Old Turnpike Rd, Banner Elk, NC

House

MLS® 261893

5 Bed

3 Bath

1875 sqft

1 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1875 sqft
Garage Yes
Taxes $1,255
Days Active 0
Lot Size 
Approx. Age 1984
Avg. Price Per Sqft $221
MLS® Number 261893

Property Address: 173 Old Turnpike Rd, Banner Elk, NC, 28604-7680

Average square foot calculated using Size range provided by listing agent.

Description

Rare Opportunity!! Only listing like this in downtown Banner Elk; Set up as a duplex (but could be used as a single family with a rental income apartment (just rented both units for total $3000/month through 11/26), or with the stairs from the main level down to the workshop/garage, it could easily be finished out as a 5/3 home with an extra living/kitchen below) that is walking distance to town!!! It's very rare for any multi-family to come on the market in Downtown Banner Elk on city water/sewer/maintained-paved roads, and this investment has been a great asset for 11 years to the current owner. Easily accessible with paved driveway, and fully remodeled when purchased, including metal roof, paint, new kitchens, new baths, new plumbing, new windows, lvp flooring, etc, the duplex features a 2/1 below, and a 3/2 above, with separate entrances/decks. The basement features a 1-car garage and large workshop area (this is set up to be assessed by either unit, depending on which wants to include it in their lease). There is a small flat yard around the lower unit. Old Turnpike runs next to a noisy creek, and is a quiet, flat street that is great for walking. In past tenants pay all utilities 50/50 between the units; with power on 1 meter. Upper and lower both rented to construction crew on 1 lease at a discount (3k/month) through Nov. Each could be rented for $2000/ up and $1200 down per month.
MLS® Number261893
Laundry LevelMain
Central VacNo
FireplaceYes
Acreage
Exterior
GarageYes
Approx. Age1984
BasementFinished, Partially Finished, Walk Out Access
DrivewayAsphalt, Driveway, Garage, One Car Garage, Paved, Shared Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 12, 2026List Date
$415,000List Price
  • Commute

Commute

Starting Address
Destination Address
173 Old Turnpike Rd, Banner Elk, NC

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