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Smith Mountain Lake Real Estate for Sale

540-721-1488 | 540-529-4229 Cell
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306 & 308 Troy AVE NE, Roanoke, VA 24012 (MLS# 931038)

306 & 308 Troy AVE NE, Roanoke, VA 24012

$246,000
01-MIB02229-R5 02-MIB02163 03-MIB02169 04-MIB02175 06-MIB02181 07-MIB02172 08-MIB02190 09-MIB02193 10-MIB02187 11-MIB02184 12-MIB02196 13-MIB02199 14-MIB02202 15-MIB02205 16-MIB02208 17-MIB02211 19-MIB02223 20-MIB02220 21-MIB02217 24-MIB02235-R5 25-MIB02226 Floorplan 2 Floorplan-2
Property Type: MultiFamily Lot Size (sq. ft.): 6,970 Status: Pending
Current Price: $246,000 List Date: 9/03/2026 Last Modified: 9/18/2026

Overview

Description

EXCELLENT INCOME OPPORTUNITY! Whether you're looking for an income opportunity you can simply step right into, or looking to convert this property into a single family residence with an in-law suite, this property has everything! The property features two separate units, each offering 2 bedrooms and 1 bathroom, providing flexible living arrangements and multiple streams of rental potential. Unit 308 has been recently updated, offering a fresh, modern feel for its occupants. With two units under one roof and plenty of potential for continued rental income and long-term appreciation, this is a property you will not want to miss! Just a short drive into the heart of Roanoke to all of the shopping and entertainment you could need! All information to be independently verified by a buyer and buyer's agent.

Listing Details MLS# 931038

Location, Tax & Legal

Area
0150 - City of Roanoke - NE
Street Number
306 & 308
Street Name
Troy
Street Suffix
AVE
Street Direction Sfx
NE
State/Province
VA
Zip Code
24012
Subdivision
William Fleming Court
Municipality
City of Roanoke
Elementary School
Monterey
Middle School
James Madison
High School
William Fleming
Major Area
01 - City of Roanoke
Phase
0
Lot
217 B
Block
No
Tax ID
3180117
Annual Taxes
2344
Section
No
POA Y/N
No

General Property Description

Multi-Family Type
Duplex
Construction Status
Completed
Year Built
1984
Number of Units
2
# Unfurnished
2
# Leased Units
2
Gross Bldg SQFT
1868
Lot Dimensions
0.16
Total Acreage
0.16
Basement Y/N
No
Parking Description
None
Water Class
N/A
# Furnished
0
Gross Income
0

Status Change Info

Ratified Contract Dt
2026-09-17

Remarks & Misc

Public Remarks
EXCELLENT INCOME OPPORTUNITY! Whether you're looking for an income opportunity you can simply step right into, or looking to convert this property into a single family residence with an in-law suite, this property has everything! The property features two separate units, each offering 2 bedrooms and 1 bathroom, providing flexible living arrangements and multiple streams of rental potential. Unit 308 has been recently updated, offering a fresh, modern feel for its occupants. With two units under one roof and plenty of potential for continued rental income and long-term appreciation, this is a property you will not want to miss! Just a short drive into the heart of Roanoke to all of the shopping and entertainment you could need! All information to be independently verified by a buyer and buyer's agent.
Directions
Williamson RD North- Right on Oakland- Right on Wentworth-Right on Troy- Duplex is on the left.

Limited Service

Not Limited Service
Yes

More Information

Construction

Brick
Yes
Wood
Yes

Heating

Heat Pump Electric
Yes

Cooling

Central Air
Yes

Water Description

Public
Yes

Sewer Description

Public Sewer
Yes

Owner Expenses

Management Fee
Yes
Trash Disposal
Yes

Interior Features

Storage
Yes

Tenant Expenses

Deposit
Yes
Electricity
Yes
Water
Yes

Property Features

Limited Service: Not Limited Service Construction: Brick; Wood Heating: Heat Pump Electric Cooling: Central Air Water Description: Public Sewer Description: Public Sewer Owner Expenses: Management Fee; Trash Disposal Interior Features: Storage Tenant Expenses: Deposit; Electricity; Water
Listing Office: VIRGINIA REALTY GROUP
Last Updated: September - 18 - 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
540-721-1488 Office
540-529-4229 Cell

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  • Licensed in the Commonwealth of Virginia
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