About this home

Investment opportunity in the heart of Boone! Located just a short walk from downtown Boone, King Street, and the campus of Appalachian State University, this income-producing property offers a rare combination of location, flexibility, and long-term rental stability. The property contains approximately 1,415+/- heated square feet and is configured with two separate living areas. The main level consists of an 864+/- square foot residence featuring two bedrooms, one full bath, a living room, kitchen, breakfast area, and a spacious rear entry hallway. The lower level is arranged as an efficiency-style apartment with a living area, kitchen, and full bathroom, providing additional rental income potential. The sellers recently completed approximately $30,000 in capital improvements, including repair and replacement of exterior stucco as needed, complete exterior repainting, and installation of new exterior stairs. Work was completed the week of August 17, 2026. Both units are currently leased through 2027, offering immediate cash flow for investors. The property is situated within the R-1A zoning district and is positioned in one of Boone's most desirable in-town locations, convenient to restaurants, shopping, entertainment, and Appalachian State University. Whether you're seeking an investment property, future owner-occupant opportunity, or a downtown Boone residence with supplemental income potential, 105 Summit Street offers exceptional versatility in a highly sought-after location. Tenant occupied. Minimum 48-hour advance notice required for all showings. All showings are preferred after 12:00 PM whenever possible. No same-day showings.

Facts and features

Schools

• Hardin Park Elementary

  elementary · K-8 · 1.2 mi

  8

• Watauga High

  high · 9-12 · 1.9 mi

  8

• Mountain Pathways School

  elementary · K-5 · 1.7 mi

• Watauga Virtual Academy

  elementary · K-8 · 1.4 mi

  10

• Watauga Innovation Academy

  high · 9-12 · 1.9 mi

  6

• Grace Academy

  elementary · K-12 · 2.1 mi

Price history

• Aug 25, 2026 · Price Changed$399,900
• Jun 12, 2026 · Listed$410,000

Tax history

• 2025$2,098 tax · $232,900 assessed
• 2024$2,660 tax · $232,900 assessed
• 2023$2,590 tax · $232,900 assessed
• 2022$2,497 tax · $232,900 assessed
• 2021$1,098 tax · $120,800 assessed
• 2020$1,062 tax · $120,800 assessed
• 2019$1,062 tax · $120,800 assessed
• 2018$1,001 tax · $120,800 assessed

Home value

$386,200

• Cotality$386,200
• Quantarium$382,940
• Collateral Analytics$396,000

Where it is