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    2923 Melrose Ave NW Roanoke, VA 24017

    Sponsored
    For Sale
    $211,500

    Duplex - Roanoke, VA

    Type:Duplex
    Lot size:
    0.17 Acres
    Days on Market:
    55
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 2923 Melrose Ave NW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Parking
    2
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1925
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Other

    Lichtenstein Rowan REALTORS (540) 793-4095 [email protected]

    Listing agent PETER VOLOSIN (540) 793-4095

    Listing date Nov 12, 2025

    MLS# 921341 Listing URL

    Copyright © 2026 Roanoke Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Roanoke Duplex with Rental Potential

    This bungalow duplex in Roanoke, VA, presents an opportunity for investors or owner-occupants seeking rental income. The property features a spacious 2-bedroom, 1-bathroom unit and a 1-bedroom, 1-bathroom unit. The location is within walking distance of the new Melrose Plaza, which includes the Market on Melrose grocery store, Melrose library, a post office, and other neighborhood shops. The property is situated on a 0.17-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -79.983138
    Latitude
    37.289107

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    FAQs

    What type of property is this?
    Duplex - Bungalow duplex with strong rental income potential in Roanoke, VA.
    Where is this duplex located?
    The property is located at 2923 Melrose Ave NW Roanoke, VA.
    What is the asking price?
    The asking price for this property is $211,500.
    What are key features of this property?
    This property features: - Excellent rental income potential with two units: a 2BR/1BA and a 1BR/1BA.; - Ideal for investors or owner-occupants seeking steady income and long-term value.; - Convenient location within walking distance to Melrose Plaza, including grocery store, library, and post office.
    (540) 793-4095
    Request Owner's contact information
    2923 Melrose Ave NW Roanoke, VA 24017
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    Roanoke, VA 24017
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2923 Melrose Ave NW Roanoke, VA 24017
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