Historic District
For Sale
$324,950
434 Allison Ave SW, Roanoke, VA 24016
Residential Income, Roanoke, VA
Property SizeContact for details
Lot Size0.15 Acres
Days on Market49
Property Features for 434 Allison Ave SW
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Interior features
Ceiling Fan(s), Walk-In Closet(s)
Basement
Partial
Subdivision
Old Southwest
Elementary school
Highland Park
Middle school
James Madison
High school
Patrick Henry
Directions
From Franklin Rd N, Left on Allison. Home on Left at corner of 5th St.
Standard status
Active
APN
103-0301
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
3124
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Other (Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
covered porches
on-site laundry
Building Details
Year built
1900
Number of units
3
Building materials
Aluminum Siding
Listing Agency:
PARK PLACE REALTY INC
(540) 342-1010
Listed By:
VALERIE S EAGLE
(540) 537-1808
Added: Aug 6
Changed: Sep 11
Last Checked: Sep 23 at 6:06AM
MLS# 930151
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.
Built in 1900, this fully leased triplex occupies a 0.15-acre corner lot in Roanoke’s Old Southwest Historic District. The property features high ceilings, French doors, decorative fireplaces, hardwood floors, covered porches, abundant natural light, and notably large closets. Aluminum siding, window-unit cooling, natural gas heating, public water, and public sewer support the property’s existing configuration. A basement, master key system, and shared on-site laundry facilities are also included.
The property is located less than one mile from Carilion Medical Center and downtown Roanoke, with Highland Park and the Greenway system nearby. Recent work includes concrete walkways and stairs, exterior paint, paint in Unit B, and a replacement dryer in the common laundry, all completed in 2026. Professional management is in place.
The property is located less than one mile from Carilion Medical Center and downtown Roanoke, with Highland Park and the Greenway system nearby. Recent work includes concrete walkways and stairs, exterior paint, paint in Unit B, and a replacement dryer in the common laundry, all completed in 2026. Professional management is in place.
Key Highlights
- Fully leased triplex on a 0.15‑acre corner lot
- Located in the Old Southwest Historic District
- Less than one mile from Carilion Medical Center and downtown Roanoke
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,179
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased three-unit property with covered porches, shared laundry, and professional management near downtown Roanoke.
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: Fully leased triplex on a 0.15‑acre corner lot; Located in the Old Southwest Historic District; Less than one mile from Carilion Medical Center and downtown Roanoke
