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Listed by STEPHEN MAXWELL PENDERGRASS I I POE & CRONK REAL ESTATE GROUP
$ 1,595,000
Est. payment /mo
Pending
135 Salem SW AVE Roanoke, VA 24011
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 924529
HOA Y/N No
Year Built 1906
Annual Tax Amount $16,922
Acres 0.08
Lot Dimensions 30 x 140
Property Sub-Type MultiFamily
Source Roanoke Valley Association of REALTORS®
Property Description
135 W Salem Avenue is an investment opportunity in the heart of Downtown Roanoke. This 10-unit mixed-use asset combines historic Roanoke character with modern livability, offering investors both stability and upside.
The property features ground-floor commercial space positioned for strong visibility on the corner of Salem Ave and 2nd Street. Above the commercial space are nine residential units served by an elevator.
135 W Salem delivers immediate and diversified cash flow, supported by a mix of long-term residents and short-term executive tenants. The short-term units cater primarily to executive and traveling healthcare professionals. a tenant base that continues to grow alongside Roanoke's expanding medical and technology sectors.
The property features ground-floor commercial space positioned for strong visibility on the corner of Salem Ave and 2nd Street. Above the commercial space are nine residential units served by an elevator.
135 W Salem delivers immediate and diversified cash flow, supported by a mix of long-term residents and short-term executive tenants. The short-term units cater primarily to executive and traveling healthcare professionals. a tenant base that continues to grow alongside Roanoke's expanding medical and technology sectors.
Location
State VA
County City Of Roanoke
Area 0.08
Zoning D
Direction Located on Salem Ave in Downtown Roanoke's CBD and a short drive from I-581
Interior
Heating Electric Heat Pump, Forced Air - Electric
Cooling Central Air
Fireplace No
Exterior
Garage No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Highland Park
Middle Schools James Madison
High Schools William Fleming
Others
Tax ID 1010404
