Ranch-Style Duplex with Month-to-Month
For Sale
Contact for pricing
Pending
1012 Palmetto AVE NW & 1014, Roanoke, VA 24017
Two 1-bed, 1-bath ranch units with occupied month-to-month leases and tenant-paid utilities and lawn care.
Property Size2,236 SF
Days on Market61
Property Features for 1012 Palmetto AVE NW & 1014
General Information
Standard status
Pending
Size
2,236 SF
Property subtype
Special Purpose
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1953
Tenancy
Multi
Listing Agency:
Coldwell Banker Townside Realtors
(540) 814-1883
Listed By:
Alla Scott · License #VA 225215407
Source:
Crexi
Added: Jun 13
Changed: Aug 8
Last Checked: Jul 24 at 11:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Townside Realtors
Investment Insights
Based on property information with market context.
This low-maintenance, ranch-style duplex offers two separate living units. Each unit includes 1 bedroom and 1 bathroom, and both are currently occupied. The larger unit is leased at $750 per month, while the smaller unit is leased at $400 per month. Tenants are responsible for all utilities, and lawn care is also tenant responsibility, which helps reduce ongoing owner maintenance. Both units are on month-to-month leases, with a 48-hour notice required for all showings.
The property is located at 1012 Palmetto AVE NW & 1014 in Roanoke, VA 24017.
For buyers or operators looking for an easy-to-manage duplex layout, this asset provides two compact, same-format units (1 bed/1 bath each) with rent already established. The month-to-month terms may offer flexibility for tenant moves while maintaining current occupancy, subject to local lease and legal requirements. With tenant-paid utilities and lawn care, the day-to-day operating responsibilities are limited compared to properties where utilities and exterior maintenance are handled by the owner.
The property is located at 1012 Palmetto AVE NW & 1014 in Roanoke, VA 24017.
For buyers or operators looking for an easy-to-manage duplex layout, this asset provides two compact, same-format units (1 bed/1 bath each) with rent already established. The month-to-month terms may offer flexibility for tenant moves while maintaining current occupancy, subject to local lease and legal requirements. With tenant-paid utilities and lawn care, the day-to-day operating responsibilities are limited compared to properties where utilities and exterior maintenance are handled by the owner.
Key Highlights
- 1953‑built ranch duplex with two separate 1‑bed, 1‑bath units
- Current rents: $750/month for the larger unit and $400/month for the smaller unit
- Both units are occupied with month‑to‑month leases
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
333
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two 1-bed, 1-bath ranch units with occupied month-to-month leases and tenant-paid utilities and lawn care.
Where is this duplex located?
The property is located at 1012 Palmetto AVE NW & 1014 Roanoke, VA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1953‑built ranch duplex with two separate 1‑bed, 1‑bath units; Current rents: $750/month for the larger unit and $400/month for the smaller unit; Both units are occupied with month‑to‑month leases
