10
See all 10 photos
$498,000
Est. payment /mo
4,556 SqFt
New
501 Mountain AVE Roanoke, VA 24016
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Key Details
Property Type Multi-Family
Sub Type Apartments
Listing Status Active
Purchase Type For Sale
Square Footage 4,556 sqft
Price per Sqft $109
Subdivision Old Southwest
MLS Listing ID 927031
Construction Status Completed
Year Built 1921
Annual Tax Amount $4,596
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Apartments
Property Description
Six-unit multifamily in Roanoke's established Old Southwest neighborhood. Built in 1921, the +/-4,556 SF building features six one-bedroom apartments across two floors, an unfinished basement, multiple units with private porches, and a gas boiler heating system. Currently 100% occupied with in-place rents 10-15% below market, offering immediate cash flow with clear upside as leases roll to market. Located on Mountain Avenue SW with close proximity to Carilion Clinic, downtown Roanoke, and the surrounding Old Southwest community.
Location
State VA
County City Of Roanoke
Area 0130 - City Of Roanoke - Sw
Interior
Heating Radiator Gas Heat
Cooling Window Unit(s)
Exterior
Parking Features On Street
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status Completed
Schools
Elementary Schools Wasena
Middle Schools James Madison
High Schools Patrick Henry
Others
Tax ID 112-0828
Listed by INVESTORS REAL ESTATE PARTNERS LLC
Nearby Locations
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