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Triplex with Two Occupied Units
For Sale
$331,338

1602 Patterson AVE SW, Roanoke, VA 24016

The three-unit property combines two occupied apartments with one vacant unit.

Property Size2,546 SF
Price / SF$130.14
Days on Market403

Property Features for 1602 Patterson AVE SW

General Information

Standard status Active
Size 2,546 SF
Property subtype Triplex

Additional Details

Multifamily Units 3
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $2,011

Building Details

Building Size 2,546 SF
Year Built 1920
Listing Agency: MKB, REALTORS(r)
Listed By: COURTNEE W BISHOP · License #0225249700
Source: Westlandsells
Added: Sep 26, 2025 Changed: Nov 2 Last Checked: Nov 1 at 3:04PM

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 MKB, REALTORS(r)

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Investment Insights

Based on property information with market context.

This triplex was built in 1920 and has two occupied units alongside one vacant unit, offering a three-unit residential configuration.

Key Highlights

  • Two units are occupied; one unit is vacant
  • Built in 1920

Property Analytics

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Open Analytics

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

508
Businesses Nearby

Demographics for 24016, VA

9,371
Population
5,602
Households
1.7
Avg Household Size
36
Median Age
26%
College-Educated
88%
High-School Grad
3.0 sq mi
ZIP Area
3,124
Density / Sq Mi
$43,727
Median Household Income
$35,936
Median Earnings
$972
Median Rent
$118,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Triplex - The three-unit property combines two occupied apartments with one vacant unit.
Where is this triplex located?
The property is located at 1602 Patterson AVE SW Roanoke, VA.
What is the asking price?
The asking price for this property is $331,338.
What are key features of this property?
This property features: Two units are occupied; one unit is vacant; Built in 1920
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