Quadplex with Coin
For Sale
$329,888
506 Highland Avenue Southwest, Roanoke, VA 24016
Four-unit residential property with brick construction, radiator gas heat, and window air-conditioning units.
Property SizeContact for details
Days on Market502
Property Features for 506 Highland Avenue Southwest
General Information
Standard status
Active
Total Parking Spaces
2
Property subtype
MultiFamily / Apartment
Net Operating Income
$12,643
Taxes and HOA fees
Annual Taxes
$3,198
Amenities
onsite coin laundry
True
Window Unit(s), Yes
Radiator Gas Heat, Yes
Other - See Remarks
0.0
Yes
4.0
Brick
Building Details
Year Built
1924
Listing Agency:
MKB, REALTORS
(540) 797-4432
Listed By:
COURTNEE BISHOP · License #0225249700
(540) 797-4432
Source:
Compass
Added: Apr 16, 2025
Changed: Aug 30
Last Checked: Aug 30 at 4:10AM
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.
Built in 1924, this four-unit quadplex features brick construction and an existing coin-operated laundry area. The property includes radiator gas heat and window air-conditioning units, providing established building systems across the residential configuration.
Occupancy currently includes one occupied unit and three vacant units. The property is located at 506 Highland Avenue Southwest in Roanoke, Virginia.
Occupancy currently includes one occupied unit and three vacant units. The property is located at 506 Highland Avenue Southwest in Roanoke, Virginia.
Key Highlights
- Four‑unit quadplex built in 1924
- One unit occupied and three units vacant
- On‑site coin laundry
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,121
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with brick construction, radiator gas heat, and window air-conditioning units.
Where is this quadplex located?
The property is located at 506 Highland Avenue Southwest Roanoke, VA.
What is the asking price?
The asking price for this property is $329,888.
What are key features of this property?
This property features: Four‑unit quadplex built in 1924; One unit occupied and three units vacant; On‑site coin laundry
