Roanoke, VA Residential Income Properties for Sale

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Updated: Aug 26

Brick Duplex with Basements

3645 Oaklawn Ave NW, Roanoke, VA 24019

$335,000

0.28 AC lot

Two fully rented units, each with 2 bedrooms and 1 full bathroom
0.28‑acre duplex property at 3645 Oaklawn Ave NW, Roanoke, VA 24019
Brick construction with a 1964 build date
Finished basement living areas plus unfinished laundry and storage sections
Central air and forced‑air natural gas heating in both units

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Updated: Jul 24

Single-Level Duplex with Fenced Yard

126 & 128 Troy Ave NE, Roanoke, VA 24012

$215,000

0.24 AC lot

Two single‑level residences configured as a side‑by‑side duplex
0.24‑acre lot with a flat, mostly fenced yard
Built in 1946 with vinyl siding
Pull‑down attic at 126 Troy Ave NE provides additional storage
Electric baseboard heating

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Updated Duplex with Porches

1202 Melrose Ave NW, Roanoke, VA 24017

$172,450

0.17 AC lot

Two-unit property with refreshed interiors, separate laundry hookups, storage areas, and access to public water and sewer.

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Renovated Quadplex with Upscale Finishes

819 Campbell Avenue Southwest, Roanoke, VA 24016

$675,998

5,227 sqft

Renovated multifamily property with spa-style bathrooms, updated systems, and flexible residential or short-term rental use potential.

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Corner-Lot Triplex

434 Allison Ave SW, Roanoke, VA 24016

$324,950

0.15 AC lot

Fully leased multifamily property with shared laundry, covered porches, and professionally managed operations.

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Furnished Duplex Rental Property

350 Mountain Ave SW, Roanoke, VA 24016

$315,000

0.10 AC lot

Two residential units combine established rental arrangements with recently furnished interiors and an upgraded bathroom.

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Short-Term Rental Property with Two Units

109 Campbell Ave SW, Roanoke, VA 24011

$1,850,000

0.05 AC lot

Extensively updated short-term rental property with brick construction, a rubber roof, and two dwelling units.

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Two-Unit Duplex with Off-Street Parking

515 Albemarle Avenue Southeast, Roanoke, VA 24013

$179,950

888 sqft

Two-unit duplex with off-street parking and washer/dryer hookups in each unit.

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Zoned C-2 Residential Income Property

2925-2941 Leslie Ln, Roanoke, VA 24018

$850,000

2.11 AC lot

Two residential brick structures are included on Leslie Lane, zoned C-2, with septic and well.

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Two-Unit Duplex with Off-Street Parking

515 Albemarle Ave SE, Roanoke, VA 24013

$179,950

0.14 AC lot

Both residences offer private laundry hookups, updated flooring, and access to a level outdoor area.

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Historic Duplex with Wraparound Porch

430 Day Avenue Southwest, Roanoke, VA 24016

$435,000

1,444 sqft

One apartment is leased while the other is available, offering flexible occupancy for an income-producing residential property.

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Brick Duplex with Storage

3228 Greenland Ave NW, Roanoke, VA 24012

$199,000

0.15 AC lot

Two configured units provide kitchens, living areas, and distinct bedroom-bath layouts for residential income use.

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Two-Unit Mixed-Use Building

22 Campbell Ave SE, Roanoke, VA 24011

$799,000

0.05 AC lot

Brick building combines street-level retail with an updated residential floor.

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12-Unit Apartment Building

4622 Grandin Road Southwest, Roanoke, VA 24018

$1,795,000

44,866 sqft

Brick construction, two-bedroom layouts, and central air define this 1977 multifamily asset in Roanoke’s Southwest corridor.

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Brick Duplex with Two Units

1228 Wasena Ave SW, Roanoke, VA 24015

$299,000

0.14 AC lot

Two residences share basement laundry and feature new hot water heaters and dishwashers.

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Updated Duplex with Private Deck

2502 WESTOVER Ave SW, Roanoke, VA 24015

$349,950

Updated duplex configured with a basement apartment and separate side entrance, plus central air and ductless systems.

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Duplex With One Vacant Unit

2414 Delaware Avenue Northwest, Roanoke, VA 24017

$193,200

10,018 sqft

Two-unit residential property with one occupied apartment and one currently vacant unit.

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Historic Brick Duplex with Porches

376 Allison Ave SW, Roanoke, VA 24016

$355,000

0.15 AC lot

Historic brick duplex featuring spacious units, front porches, a back deck, and public utilities.

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Historic-District Triplex

1822 Patterson Avenue Southwest, Roanoke, VA 24016

$275,000

664 sqft

Three-unit residential property with two occupied apartments and one renovated vacancy in Roanoke’s 1822 Historic District.

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Renovated Duplex with Parking

1210 13th ST, Roanoke, VA 24017

$194,950

0.19 AC lot

Two residential units feature an occupied upper level and refreshed finishes in the lower residence.

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Duplex with Two Units

1228 Wasena Avenue Southwest, Roanoke, VA 24015

$299,000

840 sqft

Brick duplex with shared basement laundry, central air, and alley access near Wasena Park and the Roanoke River Greenway.

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Duplex with Hardwood Floors and Fenced Yard

1614 Rorer Ave SW, Roanoke, VA 24016

$174,950

Duplex zoned RM-1 featuring hardwood floors, fenced yard, and off-street parking with public water and sewer.

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Duplex with Vacant and MTM Unit

716 McDowell Avenue Northwest, Roanoke, VA 24016

$129,600

568 sqft

Duplex offers one vacant unit and one month-to-month occupied unit.

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8-Unit Apartment Building

813 FERDINAND AVE SW, Roanoke, VA 24016

Contact for pricing

6,568 sqft

Eight one-bedroom residences offer a consistent unit layout with shared coin-operated laundry equipment.

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Roanoke, VA Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Roanoke, VA, showcased through 51 active listings on our real estate platform. These investment opportunities span a total of 228,427 square feet of properties for sale, with an estimated market value of $18,433,947.

Sale prices for residential income properties in Roanoke, VA start at $126,491, averaging $498,214, and reaching up to $1,995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 171K

Population Growth (5Y) +9.4%

Median Household Income $66,063

College Educated 10.0%

High-Yield Neighborhoods for Investment

Identify Roanoke submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
24017	$176.4K
24013	$177.1K
24012	$257.3K
24016	$334.3K
24019	$335K

Taxes & Financing

Tax Rate (average for all types) 1.05%

Property Tax per SF $16.57 per SF

Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Roanoke fall within the 100,000+ square foot range.

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