626 Elm AVE, Roanoke, VA 24016
$78,500
Property Type:
MultiFamily
Status:
Closed
Current Price:
$78,500
List Date:
5/21/2018
Last Modified:
9/21/2026
Overview
Description
Listing Details MLS# 848641
Location, Tax & Legal
- Area
- 0130 - City of Roanoke - SW
- Street Number
- 626
- Street Name
- Elm
- Street Suffix
- AVE
- State/Province
- VA
- Zip Code
- 24016
- Subdivision
- N/A
- Municipality
- City of Roanoke
- Elementary School
- Highland Park
- Middle School
- James Madison
- High School
- Patrick Henry
- Major Area
- 01 - City of Roanoke
- Phase
- 0
- Subdivision Map
- Lewis Reserve
- Lot
- 9
- Block
- 4
- Tax ID
- 1120708
- Annual Taxes
- 1256
- Section
- No
- POA Y/N
- No
General Property Description
- Multi-Family Type
- Duplex
- Construction Status
- Completed
- Year Built
- 1986
- Number of Units
- 2
- # Unfurnished
- 2
- # Leased Units
- 2
- Gross Bldg SQFT
- 2166
- Lot Dimensions
- 50 x 130
- Basement Y/N
- No
- Parking Description
- Private (1 - 9)
- Operating Expense
- 2696
- Net Operating Income
- 12044
- Gross Income
- 9348
- Water Class
- N/A
- # Furnished
- 0
Status Change Info
- Ratified Contract Dt
- 2018-05-23
- Sold Date
- 2018-06-08
Remarks & Misc
- Public Remarks
- Duplex in SW City historic district, great opportunity for investors! Currently both units rented with full one year leases at $650 and $620 per month for each unit. Each unit has 3 bedrooms and 1.5 baths and a large laundry room. Both units have long term rental history. Property being sold as is. Inspections welcome, informational purposes only, no repairs made by the seller. Both units have newer heat pumps (2016-2017)
- Directions
- 581 to Elm Ave SW, proceed west, house on left. Parking available behind duplex.
Limited Service
- Not Limited Service
- Yes
More Information
Construction
- Vinyl
- Yes
- Wood
- Yes
Basement
- Slab
- Yes
Heating
- Heat Pump Electric
- Yes
Cooling
- Central Air
- Yes
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Water Heater Type
- Tank
- Yes
Water Heater Energy
- Electric
- Yes
Owner Expenses
- Sewer
- Yes
- Water
- Yes
Tenant Expenses
- Cable TV
- Yes
- Electricity
- Yes
- Heating
- Yes
Property Features
Limited Service:
Not Limited Service
Construction:
Vinyl; Wood
Basement:
Slab
Heating:
Heat Pump Electric
Cooling:
Central Air
Water Description:
Public
Sewer Description:
Public Sewer
Water Heater Type:
Tank
Water Heater Energy:
Electric
Owner Expenses:
Water
Tenant Expenses:
Cable TV; Electricity; Heating
Listing Office:
LICHTENSTEIN ROWAN, REALTORS®
Last Updated: September - 21 - 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.
