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2-Unit Duplex with Laundry Hookups
New
For Sale
$179,950

515 Albemarle Ave SE, Roanoke, VA 24013

Residential Income, Roanoke, VA

Property SizeContact for details
Lot Size0.14 Acres
Days on Market5

Property Features for 515 Albemarle Ave SE

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Basement
Basement Partial
Elementary school Morningside
Middle school John P. Fishwick
High school Patrick Henry
Directions From 581, take 24E, Right on 6th Street, Right on Albemarle, house on Left.
Subdivision 0160 - City of Roanoke - SE
Standard status Active
APN 402-2404
Lot size 0.14 Acres

Taxes and HOA fees

Tax Annual Amount 1298

Utilities

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

Building Details

Year built 1925
Number of units 2
Building materials Vinyl Siding
Listing Agency: MOUNTAIN VIEW REAL ESTATE LLC
Listed By: BRADLEY VICTOR THOMAS · License #0225188833
Added: Oct 1 Changed: Oct 2 Last Checked: Oct 5 at 2:06PM
MLS# 931900

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 1925, this duplex contains two residences, each arranged with three bedrooms and one full bath. Washer and dryer connections are available in both units; appliances are not included. The entry-level residence has an accessible shower. Interior finishes include LVP and hardwood flooring, and the property also features replacement insulated windows, added insulation, and a new roof.

The 0.14-acre level lot includes off-street parking and outdoor space. The building has vinyl siding, electric heat pump systems for heating and cooling, public water, and public sewer. A basement is also present.

Key Highlights

  • Two units, each with 3 bedrooms and 1 full bath
  • 0.14‑acre level lot with off‑street parking
  • Washer and dryer hookups in both units; appliances are not included

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Home Appliance Store Florist (Bike/Boat/Book/etc) Store Pet Grooming Service Carpet & Flooring Store Tanning Salon

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

2,722
Businesses Nearby

Demographics for 24013, VA

7,835
Population
3,334
Households
2.4
Avg Household Size
37
Median Age
13%
College-Educated
85%
High-School Grad
2.2 sq mi
ZIP Area
3,561
Density / Sq Mi
$53,070
Median Household Income
$29,394
Median Earnings
$1,017
Median Rent
$111,500
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
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Frequently Asked Questions

What type of property is this?
Duplex - Both residences offer three bedrooms, one full bath, and washer/dryer connections.
Where is this duplex located?
The property is located at 515 Albemarle Ave SE Roanoke, VA.
What is the asking price?
The asking price for this property is $179,950.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 full bath; 0.14‑acre level lot with off‑street parking; Washer and dryer hookups in both units; appliances are not included
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