518 Highland AVE SW, Roanoke, VA 24016
$275,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
6,534
Status:
Pending
Current Price:
$275,000
List Date:
4/29/2026
Last Modified:
9/23/2026
Overview
Description
Listing Details MLS# 927046
Location, Tax & Legal
- Area
- 0130 - City of Roanoke - SW
- Street Number
- 518
- Street Name
- Highland
- Street Suffix
- AVE
- Street Direction Sfx
- SW
- State/Province
- VA
- Zip Code
- 24016
- Subdivision
- Gishland
- Municipality
- City of Roanoke
- Elementary School
- Highland Park
- Middle School
- James Madison
- High School
- Patrick Henry
- Major Area
- 01 - City of Roanoke
- Phase
- 3
- Lot
- 9
- Block
- Yes
- Tax ID
- 112-1207
- Annual Taxes
- 3354
- Section
- Yes
- Zoning Code
- RM1
- POA Y/N
- No
General Property Description
- Multi-Family Type
- Triplex
- Construction Status
- Completed
- Year Built
- 1909
- Number of Units
- 3
- # Unfurnished
- Yes
- # Leased Units
- 3
- Gross Bldg SQFT
- 2508
- Total Acreage
- 0.15
- Basement Y/N
- Yes
- Parking Description
- Private (1 - 9)
- # Vehicle Spaces
- 2
- Operating Expense
- 5913
- Net Operating Income
- 25287
- Gross Income
- 31200
- Water Class
- N/A
- # Furnished
- 0
Status Change Info
- Ratified Contract Dt
- 2026-09-15
Remarks & Misc
- Public Remarks
- 518 Highland Avenue SW is a remodeled historic, 100% occupied, three-unit multifamily located in Roanoke's highly desirable Old Southwest neighborhood. a short walk to Highland Park, the property offers a functional unit mix within a submarket known for strong tenant demand, limited rental inventory, and consistent occupancy. Situated on a quiet, tree-lined street near downtown Roanoke and Grandin Village, the asset benefits from long-term rental stability and classic architectural character.
- Directions
- From northbound on Franklin Rd SW, turn left onto Highland Ave SW and drive 2.5 blocks. Property on your left.
Limited Service
- Not Limited Service
- Yes
More Information
Construction
- Wood
- Yes
Basement
- Dirt Floor
- Yes
Heating
- Radiator Gas Heat
- Yes
Misc Features
- Current Lease
- Yes
Cooling
- Window Unit(s)
- Yes
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Water Heater Type
- Tank
- Yes
Water Heater Energy
- Electric
- Yes
Lease Type
- Month To Month
- Yes
Owner Expenses
- Gas
- Yes
- Sewer
- Yes
- Water
- Yes
Internet Access
- Cable
- Yes
Tenant Expenses
- Electricity
- Yes
Property Features
Limited Service:
Not Limited Service
Construction:
Wood
Basement:
Dirt Floor
Heating:
Radiator Gas Heat
Cooling:
Window Unit(s)
Water Description:
Public
Sewer Description:
Public Sewer
Water Heater Type:
Tank
Water Heater Energy:
Electric
Lease Type:
Month To Month
Owner Expenses:
Gas; Water
Misc Features:
Current Lease
Internet Access:
Cable
Tenant Expenses:
Electricity
Listing Office:
WALKER REAL ESTATE SOLUTIONS
Last Updated: September - 23 - 2026
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