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5 Beds
3 Baths
1,875 sqft

$417,500

173 Old Turnpike NW Road, Banner Elk NC, 28604

Price per sqft$222.67
Built in1984
Property size1,875 sqft
Property typeResidential
Listing Courtesy of Client First Of The High Country

Overview

Active

Listed Aug 12, 2026

Updated 3 weeks ago

Take a fresh look! Complete exterior & interior repaint just completed this month!! 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 (recently rented both units for total $3000/month! No lease/ tenants in place now to make it easy to show/ sell), 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, 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. Ready now to move-in!

$2,778/mo

Est. mortgage payment based on a $417,500 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
263737

Interior Features

Bedrooms
5
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.26 Acres

Other Property Details

Taxes
$1,255
Tax Frequency
Annually
Garage
Yes
View
Yes

 

The information from this search is provided by the High Country Association of REALTORS, Inc. Please be aware that not all listings produced from this search will be of this real estate company. All information is deemed reliable, but not guaranteed. Please verify all property information before entering into a purchase. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. This data is up-to-date as of 3:56 AM UTC 9/19/2026. For the most current information please contact Sheena Shaw at [email protected].

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