Historic-District
For Sale
$275,000
1822 Patterson Avenue Southwest, Roanoke, VA 24016
Three-unit residential property with two occupied apartments and one renovated vacancy in Roanoke’s 1822 Historic District.
Property Size664 SF
Price / SF$414.16
Days on Market192
Property Features for 1822 Patterson Avenue Southwest
General Information
Standard status
Active
Size
664 SF
Property subtype
MultiFamily / Triplex
Net Operating Income
$30,340
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,081
Amenities
Central Air, Yes
Heat Pump Electric, Yes
Ceiling Fan(s)
0.0
Yes
No
3.0
Brick
Building Details
Year Built
1900
Listing Agency:
IVY REALTY LLC
(540) 777-3711
Listed By:
MATTHEW JONES · License #0225235411
(540) 777-3711
Source:
Compass
Added: Feb 19
Changed: Aug 29
Last Checked: Aug 29 at 5:53PM
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 IVY REALTY LLC
Investment Insights
Based on property information with market context.
Built in 1900, this brick triplex contains three residential units, including two occupied apartments and one vacant unit that has been renovated. The property combines historic construction with central air, electric heat pumps, and ceiling fans. Exterior improvements include a new roof and metal porch roof, both completed in 2025 in accordance with Historic District guidelines.
The property is located at 1822 Patterson Avenue Southwest in Roanoke’s 1822 Historic District, with Downtown Roanoke, dining, shopping, greenways, and medical facilities nearby. The renovated vacant unit provides a separate leasing position within the existing three-unit configuration.
The property is located at 1822 Patterson Avenue Southwest in Roanoke’s 1822 Historic District, with Downtown Roanoke, dining, shopping, greenways, and medical facilities nearby. The renovated vacant unit provides a separate leasing position within the existing three-unit configuration.
Key Highlights
- Three‑unit property in Roanoke’s 1822 Historic District
- Two units are occupied; one renovated unit is vacant
- New roof installed in 2025
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with two occupied apartments and one renovated vacancy in Roanoke’s 1822 Historic District.
Where is this triplex located?
The property is located at 1822 Patterson Avenue Southwest Roanoke, VA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Three‑unit property in Roanoke’s 1822 Historic District; Two units are occupied; one renovated unit is vacant; New roof installed in 2025
