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Occupied Duplex Near Hospital Campus
New
For Sale
$299,500

617 Riverland Rd Se, Roanoke, VA 24014

Two occupied units with tenants responsible for electric and water.

Property SizeContact for details
Days on Market5

Property Features for 617 Riverland Rd Se

General Information

Standard status Active
Property subtype Residential Income
Occupancy 100%

Units

Unit Mix 1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,326

Building Details

Tenancy Multi
Listing Agency: EDWIN C HALL ASSOCIATES INC
Listed By: SEAN RANDALL REIMAN
Source: Exprealty
Added: Sep 15 Changed: Sep 18 Last Checked: Sep 19 at 1:28PM

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 EDWIN C HALL ASSOCIATES INC

Investment Insights

Based on property information with market context.

This duplex at 617 Riverland Rd SE includes two distinct residences. One unit offers 3 bedrooms and 2 full bathrooms, with the primary bedroom and its bathroom located on the second level alongside an open loft. The lower residence has 2 bedrooms and 1 bathroom.

Both units are currently occupied, and tenants pay the electric and water services. The property is near Roanoke Memorial Hospital and the VT Carilion Campus, with Mill Mountain and the Greenway trail system also nearby.

Key Highlights

  • Two‑unit duplex with 3‑bedroom/2‑bath and 2‑bedroom/1‑bath residences
  • Both units currently occupied
  • Tenants pay electric and water

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Barber Shop (Bike/Boat/Book/etc) Store Catering Service Nail Salon Home Appliance 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
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,942
Businesses Nearby

Demographics for 24014, VA

16,869
Population
8,508
Households
2
Avg Household Size
45
Median Age
39%
College-Educated
90%
High-School Grad
27.3 sq mi
ZIP Area
618
Density / Sq Mi
$65,089
Median Household Income
$46,225
Median Earnings
$949
Median Rent
$260,300
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 - Two occupied units with tenants responsible for electric and water.
Where is this duplex located?
The property is located at 617 Riverland Rd Se Roanoke, VA.
What is the asking price?
The asking price for this property is $299,500.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom/2‑bath and 2‑bedroom/1‑bath residences; Both units currently occupied; Tenants pay electric and water
More about this property
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