237 Queen Street

Boone, NC 28607

$1,299,000
Price
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Beds
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Sq. Ft.
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per Sq. Ft.

Description

This walk-to-campus, recently renovated quadplex with 11 parking spaces and (4) 2 bed/1 bath units is an investor's dream! With leases currently renewing reflecting rent revenue at $106,200 annually, providing an 8.2% gross rent ROI for the Aug. '25 - July '26 lease term, along with recently renovated kitchens and baths, flooring and fixtures, and a new roof in 2023, this quadplex is a tremendous turn-key property for any investor looking in the strong student housing market for App State and CCC&TI...This walk-to-campus, recently renovated quadplex with 11 parking spaces and (4) 2 bed/1 bath units is an investor's dream! With leases currently renewing reflecting rent revenue at $106,200 annually, providing an 8.2% gross rent ROI for the Aug. '25 - July '26 lease term, along with recently renovated kitchens and baths, flooring and fixtures, and a new roof in 2023, this quadplex is a tremendous turn-key property for any investor looking in the strong student housing market for App State and CCC&TI student populations. With on-site parking available to tenants, walk to campus and downtown Boone for shopping, restaurants, and all the town has to offer, this property offers the convenience students are looking for. Tenants pay electric, cable/internet, and heat with units metered separately for electric. Water/sewer and trash service are included in rent. Floor plans in photos with unit square footage provided by the seller. Current gross rent and parking $103,800, increasing to $106,200 for Aug '25 - July '26. 24 hour notice for showing required. Photos were taken previously, when units were unoccupied. Total square footage represented is from appraiser measurements provided by the seller.
  1. Listed by Page Sauder • Baxter Mountain Properties • (828) 263-8924

Property Details for 237 Queen Street

Architectural Style
Traditional
Subdivision Name
None
Zoning Description
B1DC,Historic District
LISTING UPDATED: 12/21/2024 08:15 AM

Property Details for 237 Queen Street

StatusActive
MLS #252975
Days on Market2
Taxes$4,616 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1945
Lot Size0.35 AC / 15,202 SF
CountyWatauga County

Building Information for 237 Queen Street

Stories-Residences4Year Built1945Building Size-Lot Size0.35 AC / 15,202 SF

Property Information for 237 Queen Street

Summary
Location and General Information
  • Directions: King St to N Water St to right on Queen St to property on right.
  • Road Surface Type: Paved
  • Postal Code: 28607
  • Road Responsibility: PublicMaintainedRoad
  • MLS Area Major: 1-Boone, Brushy Fork, New River
Taxes and HOA Information
  • Parcel Number: 2900-89-0578-000
  • Association: No
  • Tax Annual Amount: $4,616
  • Tax Book Number: 2310/085
School Information
  • Elementary School: Hardin Park
  • High School: Watauga
Property
Lot Information
  • Lot Size Acres: 0.349
  • Lot Size Area: 0.349
  • Lot Size Units: Acres
Property and Assessments
  • Year Built: 1945
  • Documents Available: RentRolls
  • Human Modified: Yes
Utilities
  • Sewer: PublicSewer
  • Utilities: SewerAvailable, WaterAvailable, HighSpeedInternetAvailable
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Community Features: LongTermRentalAllowed
  • Construction Materials: Other, SeeRemarks, WoodFrame
  • Roof: Asphalt, Shingle
Interior Features
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total: 0
  • Bedrooms Total: 0
  • Cooling: No
  • Cooling: None
  • Heating: Yes
  • Heating: Baseboard, Electric
Multi Family
Multi-Family Information
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
Unit 1
  • Unit Type Description: One Bath,Kitchen,Living Room,Oven/Range Electric,Refrigerator
  • Unit Type Type: TwoBedroom
Unit 2
  • Unit Type Description: One Bath,Kitchen,Living Room,Oven/Range Electric,Refrigerator
  • Unit Type Type: TwoBedroom
Unit 3
  • Unit Type Description: One Bath,Kitchen,Living Room,Oven/Range Electric,Refrigerator
  • Unit Type Type: TwoBedroom
Unit 4
  • Unit Type Description: One Bath,Kitchen,Living Room,Oven/Range Electric,Refrigerator
  • Unit Type Type: TwoBedroom
Rental
Rental Information
  • Lease Amount Frequency: Monthly

Property History for 237 Queen Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 237 Queen Street

Taxable ValueLand$250,800Additions$244,890Total$495,690
Home Facts
Beds0Total Finished SqFt1,410 SqFtAbove Grade Finished SqFt1,410 SqFtLot Size15,202 SqFtStyleSingle Family ResidenceYear Built1945ZoningBOOICountyWATAUGAAPN2900-89-0578-000

Schools near 237 Queen Street

This home is within Watauga County School District.
Rating
School
Type
Grades
Distance
Hardin Park Elementary
Public - PK to 8
Watauga High
Public - 9 to 12
Watauga Virtual Academy
Public - K to 8
Watauga Innovation Academy
Public - 9 to 12
Rating
School
Distance
Hardin Park Elementary
PublicPK to 8

Watauga High
Public9 to 12

Watauga Virtual Academy
PublicK to 8

Watauga Innovation Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 237 Queen Street, Boone, NC 28607

237 Queen Street is a multi-family home for sale in Boone, NC 28607. This property was listed for sale on December 20, 2024 by Baxter Mountain Properties, it's currently listed at $1,299,000. It has been on the market for a total of 2 days and was last sold on November 29, 2022. This listing's school district is Watauga County School District. Nearby schools include Hardin Park Elementary, Watauga High and Watauga Virtual Academy. 237 Queen Street is a 0-bed, 0-bath, multi-family home built in 1945.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Baxter Mountain Properties

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