$1,956 Closing Credit¹
#915253, Listing office: MKB, REALTORS(r)
$224,950 List price
518 Elm Ave Roanoke, VA 24016
$2,671
Closing credit¹
3,062 sqft
0.2 acres
$73 / sqft
Multi-Family
Property details
About 518 Elm Ave
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.
Highlights
Home typeDuplex
HeatingForced Air
StatusActive
CoolingWall/Window Unit(s)
Size3,062 sqft
BasementYes
Lot size0.16 Acres
Year builtNew Const., 1921
ParkingStreet
MLS #914811
Summary
- Basement: Yes
- Parking: Street
- Heating: Forced Air
- Cooling: Wall/Window Unit(s)
- List Price: $224,950
- Price/SqFt: $73
- Directions: FRANKLIN RD, TO DOWNTOWN; LEFT ON ELM AVE
- Year Built: 1921
- Living Area: 3,062 SqFt
- Lot Size: 0.16 Acres
- MLS Number: 914811
- Office Name: PALMER REALTY GROUP LLC
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Last updated on: 6/25/2025, 5:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$224,950
518 Elm Ave
$2,671
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
6
Highland Park Elementary School
Public District PK-5
0.3 mi
•1212 5th St SW
2
Hurt Park Elementary School
Public District PK-5
1.0 mi
•1525 Salem Ave SW
5
Wasena Elementary School
Public District PK-5
1.1 mi
•1125 Sherwood Ave SW
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $23,696. The majority of Roanoke, VA residents have income less than $<35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
61%
<35k
28%
35k-100k
9%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
71%
Single, No Kids
13%
Single, with Kids
9%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
5%
12-17 yrs old
34%
18-34 yrs old
43%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Soccer
Continuing Education Courses
Pro Boxing
Where do the neighbors shop?
Forever 21
Express/Express For Men
Burlington
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Popeyes
What do the neighbors drive?
Mazda
Volkswagen
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 518 Elm Ave
The listing price of 518 Elm Ave property is $224,950.
The property 518 Elm Ave is a multi located in Roanoke, Virginia, 24016.
Active Listing: 518 Elm Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 518 Elm Ave are: Highland Park Elementary School (GreatSchools Rating 6/10), Hurt Park Elementary School (GreatSchools Rating 2/10), Wasena Elementary School (GreatSchools Rating 5/10), Lucy Addison Middle School (GreatSchools Rating 2/10), John P. Fishwick Middle School (GreatSchools Rating 3/10), James Madison Middle School (GreatSchools Rating 4/10), Patrick Henry High School (GreatSchools Rating 3/10), William Fleming High School (GreatSchools Rating 2/10), Cave Spring High School (GreatSchools Rating 7/10).
The property 518 Elm Ave is 3,062 SqFt (source: MLS/tax record).
The year of construction for 518 Elm Ave is 1921.
This home is located at 518 Elm Ave in Roanoke, VA and zip code 24016 in the Old Southwest neighborhood. This 3,062 square foot home, which was built in 1921, sits on a 0.16 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since March 4, 2025 and is currently priced at $224,950.
Over 76 listings were sold over their listed price in May 2025 in Roanoke, VA. In the same period over 61 listings were sold below the listed price and 55 listings were sold for the listed price. In May 2025 in Roanoke, VA there were 28.1% more homes for sale than in April. While the average time on the market in May 2025 was 9 days, the median list price was $284,840.
From Rocket Homes Real Estate and based on county public records data.