Oversized Duplex Investment
For Sale
$34,375
Panorama Ave NW, Roanoke, VA 24017
Land, Roanoke, VA
Property SizeContact for details
Lot Size1.61 Acres
Days on Market261
Property Features for Panorama Ave NW
General Information
Property type
Land
Property subtype
Other
Zoning
RM-2
Lot features
Varied, Varied
Elementary school
Fairview
Middle school
Woodrow Wilson
High school
William Fleming
Directions
From I-581, W on Orange Ave, to Salem Turnpike to Right on Fairview Rd Property is on the corner with Panorama.
Subdivision
0140 - City of Roanoke - NW
Standard status
Active
APN
274-0301
Lot size
1.61 Acres
Taxes and HOA fees
Tax Annual Amount
523
Utilities
Sewer type
Public Sewer
Water source
Public
Listing Agency:
WAINWRIGHT & CO., REALTORS(R)- LAKE
(540) 719-5222
Listed By:
KERMIT JOHNSON · License #0225105309
(540) 387-5800
Added: Dec 8, 2025
Changed: Aug 21
Last Checked: Aug 26 at 7:06AM
MLS# 923275
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.
This offering is for an oversized, buildable residential lot well suited to multi-family investment planning. The property is located in an RM-2 zoning area where other duplexes exist, making it a practical fit for an owner looking to add to a rental portfolio or start a new one. Water and sewer are available, with hook-up being the buyer’s responsibility.
Situated in the City of Roanoke on Panorama Ave NW, the lot offers room to design and site a new improvement on a property size of 1.61 acres. The seller encourages buyers to ask about multiple property purchase options.
For investors or owner-operators, this lot provides an opportunity to build within a duplex-oriented environment under RM-2 zoning. Buyers who are prepared to manage the utility hook-up and the buildout can use the site to support a long-term rental strategy, taking advantage of the existing multi-family context and buildable character of the parcel.
Situated in the City of Roanoke on Panorama Ave NW, the lot offers room to design and site a new improvement on a property size of 1.61 acres. The seller encourages buyers to ask about multiple property purchase options.
For investors or owner-operators, this lot provides an opportunity to build within a duplex-oriented environment under RM-2 zoning. Buyers who are prepared to manage the utility hook-up and the buildout can use the site to support a long-term rental strategy, taking advantage of the existing multi-family context and buildable character of the parcel.
Key Highlights
- Buildable lot suitable for adding to a duplex area or starting an investment portfolio
- Public water available; hookup is the buyer’s responsibility
- Public sewer available; hookup is the buyer’s responsibility
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 24017, VA
23,902
Population
11,263
Households
2.1
Avg Household Size
38
Median Age
17%
College-Educated
87%
High-School Grad
9.0 sq mi
ZIP Area
2,656
Density / Sq Mi
$45,954
Median Household Income
$30,345
Median Earnings
$966
Median Rent
$139,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Build a duplex or expand your portfolio on a sizable, buildable lot in an RM-2 area.
Where is this land located?
The property is located at Panorama Ave NW Roanoke, VA.
What is the asking price?
The asking price for this property is $34,375.
What are key features of this property?
This property features: Buildable lot suitable for adding to a duplex area or starting an investment portfolio; Public water available; hookup is the buyer’s responsibility; Public sewer available; hookup is the buyer’s responsibility
