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    611 Stewart Ave SE Roanoke, VA 24013

    For Sale
    $234,500

    Triplex - Roanoke, VA

    Type:Triplex
    Lot size:
    0.12 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 611 Stewart Ave SE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Parking
    2
    Exterior features
    Current Lease
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1895
    Number of units
    3
    Architectural style
    Other

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

    Listing agent PETER VOLOSIN (540) 793-4095

    Listing date Nov 12, 2025

    MLS# 921340 Listing URL

    Copyright © 2025 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

    Renovated Triplex in Roanoke, VA

    This well-maintained triplex presents an investment opportunity with stable cash flow. Two of the three units are currently rented, providing immediate income, while the third unit is vacant and ready for a new tenant. All units have been recently renovated, featuring fresh paint, new flooring, and essential safety improvements, ensuring a comfortable living environment for tenants. A new roof was installed in 2023, adding long-term value. The property is situated on a 0.12-acre lot in Roanoke, VA. It is ideal for investors looking to expand their portfolio with a move-in ready asset.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Law Firm 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
    -79.93275
    Latitude
    37.269816

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    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex with recent renovations and immediate income potential.
    Where is this triplex located?
    The property is located at 611 Stewart Ave SE Roanoke, VA.
    What is the asking price?
    The asking price for this property is $234,500.
    What are key features of this property?
    This property features: - Stable cash flow with good cap rate due to existing tenants in two of three units.; - Recently renovated units feature fresh paint, new flooring, and essential safety improvements.; - New roof installed in 2023, ensuring long-term value and reduced maintenance.
    (540) 793-4095
    Request Owner's contact information
    611 Stewart Ave SE Roanoke, VA 24013
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    Roanoke, VA 24013
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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
    611 Stewart Ave SE Roanoke, VA 24013
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