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Updated Duplex with Porches
For Sale
$172,450

1202 Melrose Ave NW, Roanoke, VA 24017

Residential Income, Roanoke, VA

Property SizeContact for details
Lot Size0.17 Acres
Days on Market106

Property Features for 1202 Melrose Ave NW

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Basement
Interior features Storage
Basement Partial
Elementary school Roanoke Academy of Math and Science
Middle school Lucy Addison
High school Patrick Henry
Directions FROM CIVIC CENTER - ORANGE AVE WEST, LEFT ON 12TH, RIGHT ON MELROSE, HOME ON LEFT.
Subdivision 0140 - City of Roanoke - NW
Standard status Active
APN 222-2808
Lot size 0.17 Acres

Taxes and HOA fees

Tax Annual Amount 1925

Utilities

Sewer type Public Sewer
Heating system Baseboard, Forced Air, Electric (Heating), Natural Gas
Water source Public

Amenities

storage in attic and basement
front and back porches
laundry hookups
balcony
level back lawn

Building Details

Year built 1925
Number of units 2
Building materials Vinyl Siding
Additional Structures Storage
Listing Agency: MOUNTAIN VIEW REAL ESTATE LLC
Listed By: BRADLEY VICTOR THOMAS · License #0225188833
Added: Jun 22 Changed: Oct 2 Last Checked: Oct 5 at 12:06PM
MLS# 928726

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 1925 duplex in Roanoke includes two residential units with laundry hookups in each unit, attic and basement storage, and front and rear porches. Improvements include updated electrical wiring, a refinished clawfoot tub, new cabinetry in the second unit, luxury vinyl tile, hardwood flooring, fresh interior and exterior paint, and a recently painted metal roof. The upstairs unit also has a new water heater, while blown-in insulation has been added to the walls and attic.

The property sits on a 0.17-acre lot with a level rear lawn and is located on the bus line at 1202 Melrose Ave NW. Public water and public sewer serve the property. The upper-level balcony offers a view of the Roanoke Star. The layout can be converted to a single-family dwelling by reinstalling a doorway, according to the property information.

Key Highlights

  • Duplex built in 1925 on a 0.17‑acre lot
  • Updated electrical wiring and painted metal roof
  • Laundry hookups in both units

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Kitchen & Bath Showroom Skin Care Clinic Hair Salon Electrical Service

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

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

415
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Duplex - Two-unit property with separate laundry hookups, storage areas, and public water and sewer service.
Where is this duplex located?
The property is located at 1202 Melrose Ave NW Roanoke, VA.
What is the asking price?
The asking price for this property is $172,450.
What are key features of this property?
This property features: Duplex built in 1925 on a 0.17‑acre lot; Updated electrical wiring and painted metal roof; Laundry hookups in both units
More about this property
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