Updated Turn-Key
For Sale
$174,950
1202 Melrose Ave NW, Roanoke, VA 24017
MULTI_FAMILY - Roanoke, VA
Property SizeContact for details
Lot Size0.17 Acres
Days on Market52
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
Forced Air, Natural Gas, Baseboard, Electric (Heating)
Water source
Public
Building Details
Year built
1925
Number of units
2
Building materials
Vinyl Siding
Additional Structures
Storage
Listing Agency:
MOUNTAIN VIEW REAL ESTATE LLC
(540) 904-5424
Listed By:
BRADLEY VICTOR THOMAS · License #0225188833
(540) 815-4161
Added: Jun 22
Changed: Aug 3
Last Checked: Aug 12 at 9:06AM
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 updated duplex offers a two-unit setup with interior fresh paint and improvements throughout. Recent upgrades include upgraded electrical wiring, new luxury vinyl tile, newly refinished clawfoot tub, and new cabinets in unit two. The property also has storage in both the attic and basement, laundry hookups in both units, and blown-in insulation in the upstairs and downstairs walls as well as in the attic. Exterior finishes include front and back porches, a newly painted metal roof, and a new water heater for the upstairs unit.
Located in the City of Roanoke near a bus line, the property provides convenient access for residents and visitors. A level back lawn adds usable outdoor space, complementing the porches and the unit’s balcony for outdoor enjoyment.
For tenants, the layout supports independent living with in-unit laundry hookups and substantial storage options. For owner-occupants or investors, the turnkey condition and documented updates make it easier to bring the property online with less near-term work. The duplex can also be converted back to a single-family dwelling by reinstalling a doorway, offering flexibility for future ownership needs.
Located in the City of Roanoke near a bus line, the property provides convenient access for residents and visitors. A level back lawn adds usable outdoor space, complementing the porches and the unit’s balcony for outdoor enjoyment.
For tenants, the layout supports independent living with in-unit laundry hookups and substantial storage options. For owner-occupants or investors, the turnkey condition and documented updates make it easier to bring the property online with less near-term work. The duplex can also be converted back to a single-family dwelling by reinstalling a doorway, offering flexibility for future ownership needs.
Key Highlights
- Built in 1925 with storage and hardwood flooring
- Upgraded electrical wiring, plus natural gas and electric baseboard/forced‑air heating
- Newly painted metal roof and newly installed water heater for the upstairs unit
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
255
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 - Turn-key duplex with newly painted finishes, upgraded electrical, and laundry hookups in both units.
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 $174,950.
What are key features of this property?
This property features: Built in 1925 with storage and hardwood flooring; Upgraded electrical wiring, plus natural gas and electric baseboard/forced‑air heating; Newly painted metal roof and newly installed water heater for the upstairs unit
