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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.
| DAYS ON MARKET | -1 | LAST UPDATED | 5/12/2026 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1984 |
| COMMUNITY | 8-Banner Elk | GARAGE SPACES | 1.0 |
| COUNTY | Avery | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Banner Elk |
|---|---|
| High School | Avery County |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Electric Range, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer |
| AREA | 8-Banner Elk |
| BASEMENT | Finished, Partially Finished, Walk-Out Access, Yes |
| CONSTRUCTION | Frame, Wood Siding |
| EXTERIOR | Storage |
| GARAGE | Yes |
| HEAT | Baseboard, Electric, Exhaust Fan |
| INTERIOR | High Speed Internet |
| LOT | 0.26 acre(s) |
| LOT DIMENSIONS | 0.26 |
| PARKING | Asphalt, Driveway, Garage, Paved, Shared Driveway |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Cottage, Traditional |
| SUBDIVISION | None |
| TAXES | 1255 |
| UTILITIES | Cable Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s), Pasture |
| WATER | Public |
| ZONING | Residential |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Benjamin Ray, Client First Of The High Country, (704) 287-2760
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