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6-Unit Apartment Building with Balconies
For Sale
$339,950

1802 Patterson AVE SW, Roanoke, VA 24016

Remodeled property with vinyl siding, replacement windows, flooring, and baseboard electric heat.

Property SizeContact for details
Days on Market435

Property Features for 1802 Patterson AVE SW

General Information

Standard status Active
Property subtype Apartment

Additional Details

Multifamily Units 6

Amenities

balcony
Baseboard Electric

Building Details

Year Built 1900
Buildings 1
Listing Agency: KELLER WILLIAMS REALTY ROANOKE
Listed By: Eric Gilliard · License #0225183249
Source: Kw
Added: Jul 3, 2025 Changed: Sep 9 Last Checked: Sep 9 at 8:47PM

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 KELLER WILLIAMS REALTY ROANOKE

Investment Insights

Based on property information with market context.

This 6-unit apartment building, constructed in 1900, has undergone a full remodel. Improvements include vinyl siding, a new roof, replacement windows, updated flooring, and baseboard electric heating. Each apartment includes a balcony, while one unit also has an additional porch along the side of the building.

The property is located at 1802 Patterson AVE SW in Roanoke, Virginia. Its six-unit configuration and documented building improvements provide a clear overview of the existing residential income asset and its physical features.

Key Highlights

  • 6‑unit apartment building constructed in 1900
  • Full remodel with vinyl siding, new roof, replacement windows, and flooring
  • Balcony provided for every unit

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Dental Office Pharmacy (Bike/Boat/Book/etc) 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.

Lease Details

6
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Remodeled property with vinyl siding, replacement windows, flooring, and baseboard electric heat.
Where is this apartment building located?
The property is located at 1802 Patterson AVE SW Roanoke, VA.
What is the asking price?
The asking price for this property is $339,950.
What are key features of this property?
This property features: 6‑unit apartment building constructed in 1900; Full remodel with vinyl siding, new roof, replacement windows, and flooring; Balcony provided for every unit
More about this property
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