Corner-Lot
New
For Sale
$324,950
434 Allison Ave SW, Roanoke, VA 24016
MULTI_FAMILY - Roanoke, VA
Property SizeContact for details
Lot Size0.15 Acres
Days on Market3
Property Features for 434 Allison Ave SW
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Interior features
Ceiling Fan(s), Walk-In Closet(s)
Basement
Partial
Subdivision
Old Southwest
Elementary school
Highland Park
Middle school
James Madison
High school
Patrick Henry
Directions
From Franklin Rd N, Left on Allison. Home on Left at corner of 5th St.
Standard status
Active
APN
103-0301
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
3124
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Other (Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
shared on-site laundry
covered porches
Building Details
Year built
1900
Number of units
3
Building materials
Aluminum Siding
Listing Agency:
PARK PLACE REALTY INC
(540) 342-1010
Listed By:
VALERIE S EAGLE
(540) 342-1010
Added: Aug 6
Last Checked: Aug 8 at 11:06PM
MLS# 930151
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.
Investment Insights
Based on property information with market context.
Built in 1900, this triplex occupies a 0.15-acre corner lot and is fully leased with professional management in place. The property retains period character through high ceilings, French doors, decorative fireplaces, hardwood floors, covered porches, abundant natural light, and oversized closets. No-paint aluminum siding, a master key system, and shared laundry facilities serve the three-unit configuration.
The property is located less than one mile from Carilion Medical Center and downtown Roanoke, within the Old Southwest Historic District and near Highland Park and the Greenway system. Public water and public sewer serve the site. Heating includes natural gas, while cooling is provided by window units.
Recent work completed in 2026 includes concrete walkway and stair replacements, exterior painting, painting in Unit B, and a new dryer for the common laundry area.
The property is located less than one mile from Carilion Medical Center and downtown Roanoke, within the Old Southwest Historic District and near Highland Park and the Greenway system. Public water and public sewer serve the site. Heating includes natural gas, while cooling is provided by window units.
Recent work completed in 2026 includes concrete walkway and stair replacements, exterior painting, painting in Unit B, and a new dryer for the common laundry area.
Key Highlights
- 0.15‑acre corner lot in the Old Southwest Historic District
- Fully leased triplex with professional management
- Less than one mile from Carilion Medical Center and downtown Roanoke
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,179
Businesses Nearby
Explore this area
Business Placement
Demographics for 24016, VA
9,371
Population
5,602
Households
1.7
Avg Household Size
36
Median Age
26%
College-Educated
88%
High-School Grad
3.0 sq mi
ZIP Area
3,124
Density / Sq Mi
$43,727
Median Household Income
$35,936
Median Earnings
$972
Median Rent
$118,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased, professionally managed property with shared laundry, covered porches, and distinctive historic architectural details.
Where is this triplex located?
The property is located at 434 Allison Ave SW Roanoke, VA.
What is the asking price?
The asking price for this property is $324,950.
What are key features of this property?
This property features: 0.15‑acre corner lot in the Old Southwest Historic District; Fully leased triplex with professional management; Less than one mile from Carilion Medical Center and downtown Roanoke
