Great Investment opportunity with tons of potential. Duplex located in Se Roanoke featuring 2 units, each with 2 bedrooms and 1 bath. Convenient located close to downtown Roanoke. Recent updates include new metal roof. Both units are currently, upstairs unit rented for $800 and downstairs unit rented for $900 and could rent for more. If you're looking to start investing or wanting to add an income producing unit to your growing portfolio. Look no further. Schedule a tour today.
Sold for $224,000 on 11/10/25
$224,000
518 Elm Ave SW, Roanoke, VA 24016
--beds
--baths
3,062sqft
Multi Family
Built in 1921
-- sqft lot
$-- Zestimate®
$73/sqft
$2,280 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,280/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 10, 2025 at 09:59am
Listed by:
ANDRE PALMER 540-793-0095,
PALMER REALTY GROUP LLC
Bought with:
ANDRE PALMER, 0225207973
PALMER REALTY GROUP LLC
Source: RVAR,MLS#: 914811
Facts & features
Interior
Heating
- Forced Air Electric
Cooling
- Has cooling: Yes
Features
- Has basement: Yes
Interior area
- Total structure area: 3,062
- Total interior livable area: 3,062 sqft
Property
Parking
- Total spaces: 4
Lot
- Size: 6,969 sqft
Details
- Parcel number: 1120809
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood
Condition
- Completed
- Year built: 1921
Utilities & green energy
- Electric: 0 Phase
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Roanoke
- Subdivision: Lewis
Price history
| Date | Event | Price |
|---|---|---|
| 11/10/2025 | Sold | $224,000-0.4%$73/sqft |
Source:  RVAR #914811 | ||
| 8/23/2025 | Pending sale | $224,950$73/sqft |
Source: RVAR #914811 | ||
| 4/30/2025 | Price change | $224,9500%$73/sqft |
Source: RVAR #914811 | ||
| 4/5/2025 | Pending sale | $225,000$73/sqft |
Source: RVAR #914811 | ||
| 3/4/2025 | Listed for sale | $225,000+257.1%$73/sqft |
Source: RVAR #914811 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,967 +5.6% | $161,200 +5.6% |
| 2024 | $1,862 +9.5% | $152,600 +9.5% |
| 2023 | $1,699 +5.4% | $139,300 +5.4% |
Find assessor info on the county website
Neighborhood: Old Southwest
Nearby schools
GreatSchools rating
- 5/10Wasena Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 2/10James Madison Middle SchoolGrades: 6-8Distance: 1.7 mi
- 3/10Patrick Henry High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Hurt Park
- Middle: James Madison
- High: Patrick Henry
Source: RVAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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