135 Salem Ave SW Roanoke, VA 24011

Building Details

Year Built

1906

Listing agency Poe & Cronk Real Estate s***@poecronk.com Show Phone

Listed by Stephen Pendergrass, SIOR, CCIM · License #0225020834 Show Phone

Source Tcnworldwide

Added: Mar 6 Updated: Jul 6 at 10:56AM Checked: Jul 21 at 4:15AM

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Investment Insights

Based on property information with market context.

Located in the heart of Downtown Roanoke, 135 W Salem Avenue presents an investment opportunity. This 10-unit mixed-use asset combines historic Roanoke character with modern livability, offering investors both stability and upside. Situated on Salem Avenue at the corner of Salem Ave and 2nd Street, the property benefits from a prime downtown location, close to major employers, restaurants, and cultural destinations. The property offers a strong income stream derived from a mix of long-term and short-term tenants. The short-term units experience consistent leasing demand from executive and traveling healthcare professionals.

Key Highlights

• Prime Downtown Location: close to major employers, restaurants, and cultural destinations
• Strong Income Stream: diverse income from long‑term and short‑term tenants
• Proven Tenant Demand: short‑term units consistently leased to executive and traveling healthcare professionals

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FAQs

What type of property is this?

Apartment building - 10-unit property in prime downtown location with income streams.

Where is this apartment building located?

The property is located at 135 Salem Ave SW Roanoke, VA.

What is the asking price?

The asking price for this property is $1,595,000.

What are key features of this property?

This property features: Prime Downtown Location: close to major employers, restaurants, and cultural destinations; Strong Income Stream: diverse income from long‑term and short‑term tenants; Proven Tenant Demand: short‑term units consistently leased to executive and traveling healthcare professionals