$234,000

831 Hanover Ave NW Roanoke, VA 24016

$2,779
Closing credit¹
5 beds
2 full
2,300 sqft
0.1 acres
$102 / sqft
House

Property details

About 831 Hanover Ave NW

PERFECT LONG TERM INCOME OPPORTUNITY! This gorgeous 5-bedroom, 2-bath single-family home is currently converted into a duplex with one tenant in place. This property provides an excellent chance to generate consistent rental income or easily revert back to a spacious family home. Located in the heart of Roanoke, it's just minutes from downtown and Orange Avenue, offering easy access to shopping, dining, and local amenities. Whether you're an investor looking for a property with immediate rental income or someone seeking future potential, this home is ideal. Don't miss out on this rare opportunity to own a piece of Roanoke with both immediate income and long-term value!

Highlights

Home typeSingle Family Residence
HeatingHeat Pump, Zoned
StatusActive
CoolingCentral Air, Heat Pump
Size2,300 sqft
BasementYes
Lot size0.14 Acres
Year builtNew Const., 1925
ParkingNot Applicable, N/A
MLS #913372

Summary

  • MLS Number: 913372
  • Office Name: VIRGINIA REALTY GROUP

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Last updated on: 3/15/2025, 8:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of property featuring covered porch and a front lawn

$234,000

831 Hanover Ave NW

$2,779

closing credit¹

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0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2024$127,500$1,761
2023$124,900$1,523
2022$38,700$472
2021$37,700$459
2020$37,700$620
2019$37,700$609
2018$37,700$609
2017$37,100$506

History based on county public records data.

Nearby schools

3

Lincoln Terrace Elementary School

Public District PK-5

0.5 mi

1802 Liberty Rd NW

3

Round Hill Elementary School

Public District PK-5

1.0 mi

2020 Oakland Blvd NW

2

Hurt Park Elementary School

Public District PK-5

1.0 mi

1525 Salem Ave SW

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $18,529. The most common annual income of people living in Roanoke, VA is less than $<35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.

How much money do the neighbors make?

72%
<35k
26%
35k-100k
3%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

46%
Single, No Kids
40%
Single, with Kids
8%
Married, No Kids
6%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

24%
<11 yrs old
11%
12-17 yrs old
23%
18-34 yrs old
34%
35-64 yrs old
8%
65+ yrs old

What do the neighbors do for fun?

  • UFCUFC
  • Pro WrestlingPro Wrestling
  • Pro BoxingPro Boxing

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • BurlingtonBurlington
  • Big LotsBig Lots

Where do the neighbors go to eat?

  • Burger KingBurger King
  • Cicis PizzaCicis Pizza
  • PopeyesPopeyes

What do the neighbors drive?

  • BuickBuick
  • PontiacPontiac
  • DodgeDodge

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Adult StandardsAdult Standards
  • JazzJazz
All data provided by Home Junction and Claritas

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Frequently asked questions

About 831 Hanover Ave NW

This home is located at 831 Hanover Ave NW in Roanoke, VA and zip code 24016 in the Washington Park neighborhood. This 2,300 square foot home, which was built in 1925, sits on a 0.14 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 3, 2025 and is currently priced at $234,000.

In February 2025 more than 25 listings in Roanoke, VA were sold above the asking price. During the same period more than 24 listings were sold at asking price, while more than 51 were sold below. In February 2025 in Roanoke, VA there were 23.7% more homes for sale than in January.

From Rocket Homes Real Estate and based on county public records data.

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