#915253, Listing Office: MKB, REALTORS(r)
518 Elm Ave Roanoke, VA 24016
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
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: 5/3/2025, 11:20:51 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
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Tax history
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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 most common annual income of people living in Roanoke, VA is less than $<35k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
Similar homes for sale
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.
In April 2025 more than 48 listings in Roanoke, VA were sold above the asking price. During the same period more than 51 listings were sold at asking price, while more than 66 were sold below. The number of homes for sale in Roanoke, VA increased by 34.6% between March and April 2025. The median list price of listings available in April 2025 was $283,135, while the average time on the real estate market was 37 days.