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Smith Mountain Lake Real Estate for Sale

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1111 1st ST SW, Roanoke, VA 24016 (MLS# 932364)

1111 1st ST SW, Roanoke, VA 24016

New Listing
$330,000
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Property Type: MultiFamily Lot Size (sq. ft.): 6,970 Status: Active
Current Price: $330,000 List Date: 10/14/2026 Last Modified: 10/15/2026

Overview

Description

Charming historic duplex in Old SW with incredible income or office flexibility! This spacious two-story home offers the perfect house-hacking opportunity - live in one unit and rent out the upstairs to cover your mortgage. Thanks to the zoning you can also use this versatile building as an office space. Why you'll love this property: *Historic Character: Enjoy the timeless architectural features like classic pocket doors, cozy fireplaces, an inviting first-floor wrap around porch and a private second floor enclosed porch and deck. *Modern Upgrades: Move right in with total peace of mind thanks to fully updated kitchens and bathrooms, brand new central heating and air conditioning and new water heaters. *Expansion potential: A massive, open walk-up attic with built in closets stand ready to be converted into expansive new living area. Both apartments are generously sized, completely turn-key and ready for you, your tenant or your business. Informal parking space accessible from the all ... (Read more) Charming historic duplex in Old SW with incredible income or office flexibility! This spacious two-story home offers the perfect house-hacking opportunity - live in one unit and rent out the upstairs to cover your mortgage. Thanks to the zoning you can also use this versatile building as an office space. Why you'll love this property: *Historic Character: Enjoy the timeless architectural features like classic pocket doors, cozy fireplaces, an inviting first-floor wrap around porch and a private second floor enclosed porch and deck. *Modern Upgrades: Move right in with total peace of mind thanks to fully updated kitchens and bathrooms, brand new central heating and air conditioning and new water heaters. *Expansion potential: A massive, open walk-up attic with built in closets stand ready to be converted into expansive new living area. Both apartments are generously sized, completely turn-key and ready for you, your tenant or your business. Informal parking space accessible from the alley next to garage. This is a LSA, please call owner at 804-350-8610.

Listing Details MLS# 932364

Location, Tax & Legal

Area
0130 - City of Roanoke - SW
Street Number
1111
Street Name
1st
Street Suffix
ST
Street Direction Sfx
SW
State/Province
VA
Zip Code
24016
Subdivision
Old Southwest
Municipality
City of Roanoke
Elementary School
Highland Park
Middle School
James Madison
High School
Patrick Henry
Major Area
01 - City of Roanoke
Phase
0
Lot
9
Block
12
Tax ID
1023209
Annual Taxes
3241
Section
No
Zoning Code
MX (mixed use)
POA Y/N
No

General Property Description

Multi-Family Type
Duplex
Construction Status
Completed
Year Built
1900
Present Use
Converted
Number of Units
2
# Unfurnished
2
Gross Bldg SQFT
2318
Lot Dimensions
50' x 141'
Total Acreage
0.16
Basement Y/N
Yes
Parking Description
Other - See Remarks
Operating Expense
3941
Net Operating Income
3941
Gross Income
30000
Water Class
N/A
# Furnished
0
# Leased Units
0

Miscellaneous Info

Public Transport
Yes

Remarks & Misc

Public Remarks
Charming historic duplex in Old SW with incredible income or office flexibility! This spacious two-story home offers the perfect house-hacking opportunity - live in one unit and rent out the upstairs to cover your mortgage. Thanks to the zoning you can also use this versatile building as an office space. Why you'll love this property: *Historic Character: Enjoy the timeless architectural features like classic pocket doors, cozy fireplaces, an inviting first-floor wrap around porch and a private second floor enclosed porch and deck. *Modern Upgrades: Move right in with total peace of mind thanks to fully updated kitchens and bathrooms, brand new central heating and air conditioning and new water heaters. *Expansion potential: A massive, open walk-up attic with built in closets stand ready to be converted into expansive new living area. Both apartments are generously sized, completely turn-key and ready for you, your tenant or your business. Informal parking space accessible from the alley next to garage. This is a LSA, please call owner at 804-350-8610.
Directions
From downtown, head south on Franklin Rd. SW, left on Highland, right on 1st Street.

Construction

Wood
Yes

More Information

Basement

Full
Yes

Heating

Forced Air Gas
Yes

Cooling

Central Air
Yes

Fireplace

Masonry
Yes

Water Description

Public
Yes

Sewer Description

Public Sewer
Yes

Water Heater Type

Tank
Yes

Water Heater Energy

Natural Gas
Yes

Owner Expenses

Sewer
Yes
Water
Yes

Interior Features

Ceiling Fan(s)
Yes
Storage
Yes

Tenant Expenses

Electricity
Yes

Property Features

Construction: Wood Basement: Full Heating: Forced Air Gas Cooling: Central Air Fireplace: Masonry Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Water Heater Energy: Natural Gas Owner Expenses: Water Interior Features: Ceiling Fan(s); Storage Tenant Expenses: Electricity
Listing Office: REALSTAR, REALTORS® LLC
Last Updated: October - 15 - 2026
All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.

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Deborah F. Beran Inc.
dba Deb Beran Properties
6655 Scruggs Road
Moneta, VA 24121
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540-529-4229 Cell

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