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Furnished Duplex
For Sale
$304,000

350 Mountain Ave SW, Roanoke, VA 24016

Residential Income, Roanoke, VA

Property SizeContact for details
Lot Size0.10 Acres
Days on Market55

Property Features for 350 Mountain Ave SW

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Basement
Basement Dirt Floor, Partial
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Elementary school Highland Park
Middle school James Madison
High school Patrick Henry
Directions Elm Street, to L onto Franklin, to R onto Mountain Ave, Duplex is on the left
Subdivision 0130 - City of Roanoke - SW
Standard status Active
APN 102-1409
Lot size 0.10 Acres

Taxes and HOA fees

Tax Annual Amount 2652

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Heat Pump (Heating)
Cooling system Central Air
Water source Public

Building Details

Year built 1939
Number of units 2
Building materials Concrete, Vinyl Siding
Listing Agency: WAINWRIGHT & CO., REALTORS(R)- LAKE
Listed By: JODI STILES · License #0225052873
Added: Aug 23 Changed: Oct 15 Last Checked: Oct 16 at 10:06AM
MLS# 930662

Copyright © 2026 Roanoke Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This duplex, built in 1939, contains two residential units with hardwood floors and furnished interiors. The furnishings convey with the sale. The upper unit is leased annually and includes an upgraded bathroom and a recently replaced water heater. The lower unit operates as an Airbnb.

Located at 350 Mountain Ave SW in Roanoke, the property sits near Jefferson College of Health Sciences, downtown Roanoke, restaurants, shopping, parks, and other area amenities. The property occupies 0.1 acres and is served by public water and public sewer. Heating is provided by electric heat pumps, with central air conditioning.

Key Highlights

  • Two‑unit duplex built in 1939
  • Furnishings convey with the sale
  • Upper unit has a yearly lease

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith Pet Grooming Service Auto Parts Store Wine and Liquor 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

2
Residential units

Location Intelligence

Trade Area within ½ mile

3,297
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?
Duplex - Two-unit residential property with furnished interiors, hardwood floors, public water, and public sewer.
Where is this duplex located?
The property is located at 350 Mountain Ave SW Roanoke, VA.
What is the asking price?
The asking price for this property is $304,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1939; Furnishings convey with the sale; Upper unit has a yearly lease
More about this property
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