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Short-Term Rental Property with Two Units
For Sale
$1,850,000

109 Campbell Ave SW, Roanoke, VA 24011

COMMERCIAL - Roanoke, VA

Property SizeContact for details
Lot Size0.05 Acres
Days on Market229

Property Features for 109 Campbell Ave SW

General Information

Property type Commercial Sale
Property subtype Other
Zoning D
Bathrooms 5
Full bathrooms 4
Half bathrooms 1
Rooms Bathroom 3, Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 4
View City
Directions Franklin Rd to l on 2nd St to r on Campbell
Subdivision 0110 - City of Roanoke - Downtown
Standard status Active
APN 1011027
Lot size 0.05 Acres

Taxes and HOA fees

Tax Description Lot 36 Blk 7 OS SW 1
Tax Annual Amount 2536
Legal Description Lot 36 Blk 7 OS SW 1

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Electric
Water source Public

Amenities

full size kitchen
Wolf gas stove
Cove dishwasher
sub zero fridge
walk in shower
custom made cabinetry
great views

Building Details

Year built 1910
Floors in Building 2
Flooring type Tile
Building materials Brick
Listing Agency: MOUNTAIN TO LAKE REALTY · RE/MAX International
Listed By: BOB PARCELL · License #0225082024
Added: Jan 5 Changed: Aug 4 Last Checked: Aug 22 at 7:06PM
MLS# 923686

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 extensively updated short-term rental property features brick construction and has recently been used as an art gallery and Airbnb, with two dwelling units. The entry-level space reflects the former gallery use and includes a full-size kitchen with surfaces designed for easy artwork hanging. Upstairs, there are two residential units, each arranged as two bedrooms and featuring a large primary suite with walk-in shower and closets. Custom cabinetry is installed throughout.

Renovations include new windows, flooring, HVAC, poplar trim, and electrical and plumbing improvements. Heating is provided by natural gas, with electric cooling. The property also has a rubber roof and is served by public water and public sewer.

Built in 1910 and situated on a 0.05-acre lot, the offering is presented as move-in ready.

Key Highlights

  • Two dwelling units used as art gallery and Airbnb
  • Extensively updated with windows, flooring, HVAC, electrical, and plumbing
  • Brick construction with rubber roof

Property Analytics

Current Use

Alexander / Heath Contemporary Art Gallery Bush-Flora (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Pharmacy Nail Salon Veterinary Clinic Pet Grooming Service Florist Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,760
Businesses Nearby

Demographics for 24011, VA

908
Population
645
Households
1.4
Avg Household Size
32
Median Age
83%
College-Educated
99%
High-School Grad
0.2 sq mi
ZIP Area
4,540
Density / Sq Mi
$55,882
Median Household Income
$50,599
Median Earnings
$1,091
Median Rent
$839,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Extensively updated short-term rental property with brick construction, a rubber roof, and two dwelling units.
Where is this short term rental property located?
The property is located at 109 Campbell Ave SW Roanoke, VA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two dwelling units used as art gallery and Airbnb; Extensively updated with windows, flooring, HVAC, electrical, and plumbing; Brick construction with rubber roof
More about this property
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