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Income-Producing Duplex in Roanoke, VA

1021 Penmar Avenue Southeast Roanoke, VA 24013

1021 Penmar Avenue Southeast, Roanoke, VA, 24013
$189,000
For Sale
$189,000

Duplex in Roanoke, VA, generating immediate rental income.

Property Size958 SF
Price / SF$197.29
Days on Market201

Property Features for 1021 Penmar Avenue Southeast

General Information

Standard status
Active
Size
958 SF
Property subtype
MultiFamily / Duplex

Building Details

Year Built
1925
Listing Agency U/C BLUE RIDGE LAND & AUCTION CO INC- FLOYD
Listed by DANIELLE DILLON · License #0225245589
Source Compass
Added: Dec 28, 2025 Checked: Jul 17 at 4:03 am

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 U/C BLUE RIDGE LAND & AUCTION CO INC- FLOYD


Investment Insights

Based on property information with market context.

This income-producing duplex is located in Roanoke, Virginia. The property features two units. The downstairs unit has two bedrooms and one bathroom and is currently rented for $745. The second unit includes one bedroom and one bathroom and is rented for $855. Both leases are set to renew on August 26th. The property includes a large backyard. The building has a property size of 958 square feet.

Key Highlights

  • Income‑producing duplex provides instant rental income.
  • Both units are currently rented, ensuring immediate cash flow.
  • Downstairs unit features 2 bedrooms, 1 bath, currently rented for $745.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Spa & Massage Center Hair Salon Pharmacy Nail Salon Restaurant HVAC Service Skin Care Clinic (Bike/Boat/Book/etc) Store Storage Facility

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

FAQs

What type of property is this?
Duplex - Duplex in Roanoke, VA, generating immediate rental income.
Where is this duplex located?
The property is located at 1021 Penmar Avenue Southeast Roanoke, VA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Income‑producing duplex provides instant rental income.; Both units are currently rented, ensuring immediate cash flow.; Downstairs unit features 2 bedrooms, 1 bath, currently rented for $745.
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