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Triplex with Shared Laundry

434 Allison AVE SW, Roanoke, VA 24016

For Sale
$324,950
Pending

All three residences are leased, and tenants have access to a shared laundry area.

Property SizeContact for details
Days on Market96

Property Features for 434 Allison AVE SW

General Information

Standard status Pending
Property subtype Triplex
Occupancy 100%

Additional Details

Multifamily Units 3
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $3,124

Amenities

high ceilings
French doors
decorative fireplaces
covered porches
hardwood floors
natural light
exceptionally large closets
shared on-site laundry facilities

Building Details

Year Built 1900
Buildings 1
Tenancy Multi
Listing Agency: PARK PLACE REALTY INC
Listed By: VALERIE S EAGLE
Source: Westlandsells
Added: Aug 6 Changed: Nov 7 Last Checked: Nov 8 at 10:46AM

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 PARK PLACE REALTY INC

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Investment Insights

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Built in 1900, this three-unit property features high ceilings, French doors, decorative fireplaces, hardwood floors, and covered porches. Large closets and abundant natural light are also part of the interior. The building has no-paint aluminum siding and a master key system, with shared laundry on site. It is professionally managed and fully leased.

The property occupies a corner lot in the Old Southwest Historic District, less than one mile from Carilion Medical Center and downtown Roanoke. Highland Park and the Greenway system are also nearby.

Work completed in 2026 included new concrete walkways and stairs, exterior paint and paint in Unit B, and a new dryer for the shared laundry area.

Key Highlights

  • Three‑unit property, built in 1900
  • Fully leased and professionally managed
  • Located on a corner lot in the Old Southwest Historic District

Property Analytics

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Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,179
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
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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?
Triplex - All three residences are leased, and tenants have access to a shared laundry area.
Where is this triplex located?
The property is located at 434 Allison AVE SW Roanoke, VA.
What is the asking price?
The asking price for this property is $324,950.
What are key features of this property?
This property features: Three‑unit property, built in 1900; Fully leased and professionally managed; Located on a corner lot in the Old Southwest Historic District
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