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Occupied Two-Unit Duplex
For Sale
$169,030

224 Gilmer Avenue Northwest, Roanoke, VA 24016

Two-unit residential property with one lease running through February 2026 and a second tenancy on a month-to-month arrangement.

Property Size3,049 SF
Price / SF$55.44
Days on Market376

Property Features for 224 Gilmer Avenue Northwest

General Information

Standard status Active
Size 3,049 SF
Property subtype MultiFamily / Duplex

Taxes and HOA fees

Annual Taxes $799

Amenities

None, No
Baseboard Electric, Yes
Partial
0.0
Yes
2.0
Vinyl Siding, Wood Siding

Building Details

Year Built 1890
Listing Agency: MKB, REALTORS
Listed By: COURTNEE BISHOP · License #0225249700
Source: Compass
Added: Aug 22, 2025 Changed: Aug 30 Last Checked: Aug 31 at 10:28PM

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

Investment Insights

Based on property information with market context.

This occupied duplex contains 3,049 square feet and dates to 1890. Exterior materials include vinyl siding and wood siding, while baseboard electric heat is identified among the interior features.

The property includes two residential units with differing lease structures. Unit A is leased through February 28, 2026, and Unit B is occupied under a month-to-month tenancy. The property is located at 224 Gilmer Avenue Northwest in Roanoke, Virginia.

Key Highlights

  • 3,049‑square‑foot duplex with two residential units
  • Built in 1890
  • Both units are occupied

Property Analytics

Current Use

Designer Me Clothing Store

Suggested Use

Top Pick Auto Parts Store Storage Facility Nail Salon Pharmacy Veterinary Clinic Big Box & Wholesale 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.

Location Intelligence

Trade Area within ½ mile

2,456
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

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?
Duplex - Two-unit residential property with one lease running through February 2026 and a second tenancy on a month-to-month arrangement.
Where is this duplex located?
The property is located at 224 Gilmer Avenue Northwest Roanoke, VA.
What is the asking price?
The asking price for this property is $169,030.
What are key features of this property?
This property features: 3,049‑square‑foot duplex with two residential units; Built in 1890; Both units are occupied
More about this property
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