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Rare Investment Opportunity in Boone! Two Homes on One Acre for $499,000. Opportunities like this don’t come around often, two separate homes on one acre in Boone, priced well below replacement value. Whether you’re an investor seeking strong cash flow or a parent of an Appalachian State student looking to offset housing costs, this property is tailor-made for you. The main home is a spacious 4-bedroom, 2-bathroom residence currently rented at $2,650/month, providing immediate income. Thoughtful upgrades add character and long-term value, including tongue-and-groove ceilings, a new wood stove (2022), updated ceiling fans (2022), a newer kitchen island, and a bra...nd-new roof (July 2025). Just down the property, you’ll find a second home, a modern 2023 double-wide manufactured home with 2 bedrooms, 2 bathrooms, plus an additional sleeping room. Everything here is new, covered under a transferrable comprehensive warranty until July 2028, and designed for low-maintenance living. Market rent is estimated at $1,800/month, creating strong dual-income potential. Together, these homes could conservatively generate $4,400+ per month in rental income, positioning this property as a high-yield portfolio addition. Parents of college students will also love the flexibility, rent out one home while your student lives affordably in the other, with or without roommates. If sold separately, these homes could likely command closer to $600,000 combined, but subdivision would require acquiring additional land to meet county regulations. At $499,000 for both homes together, this is an investor’s dream: instant income, long-term upside, and built-in flexibility.

High Country MLS, MLS#: 258196
Listed By: Keller Williams High Country, Terri Boyer
Co-listed By: Derek Boyer, derekboyer@kw.com
Sold By: NONMLS, NONMLS MEMBER

No upcoming open house dates. Check back later.

Bedrooms

  • Total Bedrooms: 4

Bathrooms

  • Full bathrooms: 2

Appliances

  • Dryer
  • Dishwasher
  • Electric Range
  • Electric Water Heater
  • Microwave Hood Fan
  • Microwave
  • Refrigerator
  • Washer

Architectural Style

  • Manufactured Home
  • Traditional

Basement

  • Crawl Space
  • Finished

Community Features

  • Long Term Rental Allowed
  • Short Term Rental Allowed

Construction Materials

  • Manufactured
  • Stone
  • Vinyl Siding
  • Wood Siding
  • Wood Frame

Cooling

  • Central Air
  • None

Exterior Features

  • Gravel Driveway
  • Paved Driveway

Fireplace Features

  • None

Foundation Details

  • Basement

Heating

  • Baseboard
  • Electric
  • Heat Pump
  • Space Heater
  • Wood Stove
  • Wall Furnace

Laundry Features

  • Washer Hookup
  • Dryer Hookup
  • In Basement
  • Main Level

Levels

  • Two

Other Structures

  • Living Quarters

Parking Features

  • Asphalt
  • Carport
  • Driveway
  • Gravel
  • Paved
  • Private
  • Shared Driveway

Patio and Porch Features

  • Multiple

Road Responsibility

  • Public Maintained Road

Road Surface Type

  • Paved

Roof

  • Asphalt
  • Shingle

Sewer

  • Other
  • Septic Tank
  • See Remarks

Utilities

  • Cable Available
  • High Speed Internet Available
  • Septic Available

View

  • Trees Woods

WaterSource

  • Shared Well

Rooms

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Listed By:
Keller Williams High Country
Terri Boyer
Derek Boyer, derekboyer@kw.com

Sold By:
NONMLS
NONMLS MEMBER

Data Source: High Country MLS

MLS#: 258196

Data Source Copyright: © 2026 High Country MLS All rights reserved.

© 2026 High Country Association of REALTORS®. All Rights Reserved

This property was listed on 9/22/2025 and last updated as of 10/30/2025 7:21:42 PM. OSI IDX updated the data from High Country MLS on 11/6/2026 at 9:44 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

 

Samantha Benfield Listings