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Furnished Duplex Rental Property
For Sale
$315,000

350 Mountain Ave SW, Roanoke, VA 24016

Residential Income, Roanoke, VA

Property SizeContact for details
Lot Size0.10 Acres
Days on Market10

Property Features for 350 Mountain Ave SW

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Basement
Basement Dirt Floor, Partial
View City
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 Last Checked: Sep 1 at 8:06AM
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.

Investment Insights

Based on property information with market context.

This duplex at 350 Mountain Ave SW in Roanoke, Virginia, contains two residential units with recently furnished interiors, and the furnishings convey with the sale. The upper unit is occupied under a yearly lease and includes an upgraded bathroom plus a recently replaced water heater. The lower unit is operated as an Airbnb, providing a different rental format within the same property.

Built in 1939 on 0.1 acres, the property features hardwood floors, concrete and vinyl siding construction, central air, and electric heat pump systems. Public water and public sewer serve the building. Jefferson College of Health Sciences, downtown Roanoke, restaurants, shopping, parks, and other area amenities are identified nearby, with the property positioned within the city’s medical and downtown corridor.

Key Highlights

  • Two‑unit duplex at 350 Mountain Ave SW, Roanoke, VA 24016
  • 0.1‑acre residential income property built in 1939
  • Upper unit leased on a yearly term

Property Analytics

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

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 residential units combine established rental arrangements with recently furnished interiors and an upgraded bathroom.
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 $315,000.
What are key features of this property?
This property features: Two‑unit duplex at 350 Mountain Ave SW, Roanoke, VA 24016; 0.1‑acre residential income property built in 1939; Upper unit leased on a yearly term
More about this property
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