135 Salem Ave
Roanoke, VA 24011
--
Bed
0
Bath
15,676Sqft
0.08Acre(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Heating & Cooling
Has Heating: Yes Heating: Forced Air, Heat Pump
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Building Information
Year Built: 1906 Construction Materials: Brick Private Pool: No
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Lot Information
Lot Dimensions: 30 x 140 Lot Size Acres: 0.08Property Information
Subdivision: N/A Source Property Type: Residential Income Zoning Description: D Property SubType: Multi Family Property Age: 120
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Listing Price Information
Listing Price: $1795000
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Tax Information
Parcel Number: 1010404 Tax Lot: 5 & 6 Tax Block: 4 Annual Tax: $16922
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Garage Information
Has Garage: Yes Garage Space: 133068
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School Information
Elementary School: Highland ParkJunior High School: James MadisonSenior High School: William Fleming -
Location Information
Direction: Located on Salem Ave in Downtown Roanoke's CBD and a short drive from I-581
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 209 1st St, Roanoke, VA, 24011 | $2,225,000 | -- | -- | 12,260 | 12,260 SqFt |
| 821 Westside Blvd, Roanoke, VA, 24011 | $209,000 | -- | -- | 3,240 | 3,240 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 06/06/2026 @ 21:26
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