501 Mountain Ave
Roanoke, VA 24016
--
Bed
0
Bath
4,556Sqft
0.12Acre(Lot)
Six-unit multifamily in Roanoke's established Old Southwest neighborhood. Built in 1921, the +/-4,556 SF building features six one-bedroom apartments across two floors, an unfinished basement, multiple units with private porches, and a gas boiler heating system. Currently 100% occupied with in-place rents 10-15% below market, offering immediate cash flow with clear upside as leases roll to market. Located on Mountain Avenue SW with close proximity to Carilion Clinic, downtown Roanoke, and the surrounding Old Southwest community.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Room Information
Has Basement: Yes Basement: Full -
Interior Features
Appliances: Gas Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Radiant
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Building Information
Year Built: 1921 Construction Materials: Brick Private Pool: No
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Lot Information
Lot Size Acres: 0.12Property Information
Subdivision: Old Southwest Source Property Type: Residential Income Property SubType: Multi Family Property Age: 105
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Listing Price Information
Listing Price: $498000
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Tax Information
Parcel Number: 112-0828 Tax Lot: 26 Tax Block: 12 Annual Tax: $4596
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Garage Information
Has Garage: Yes Garage Space: 37833
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School Information
Elementary School: WasenaJunior High School: James MadisonSenior High School: Patrick Henry -
Location Information
Direction: 501 Mountain Ave SW Roanoke, VA 24016
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 917 1st St, Roanoke, VA, 24016 | $487,933 | -- | -- | 3,869 | 3,869 SqFt |
| 224 Gilmer Ave, Roanoke, VA, 24016 | $169,030 | -- | -- | 1,871 | 1,871 SqFt |
| 1215 Franklin Rd, Roanoke, VA, 24016 | $485,962 | -- | -- | 4,365 | 4,365 SqFt |
| 414 Harrison Ave, Roanoke, VA, 24016 | $169,030 | -- | -- | 1,768 | 1,768 SqFt |
| 430 Day Ave, Roanoke, VA, 24016 | $475,000 | -- | -- | 2,952 | 2,952 SqFt |
| 518 Highland Ave, Roanoke, VA, 24016 | $310,000 | -- | -- | 2,508 | 2,508 SqFt |
| 819 Campbell Ave, Roanoke, VA, 24016 | $675,998 | -- | -- | 3,700 | 3,700 SqFt |
| 813 13th St # 821, Roanoke, VA, 24016 | $1,084,705 | -- | -- | 12,306 | 12,306 SqFt |
| 803 King James St, Roanoke, VA, 24016 | $10,750,000 | -- | -- | 127,900 | 127,900 SqFt |
| 1602 Patterson Ave, Roanoke, VA, 24016 | $331,338 | -- | -- | 2,546 | 2,546 SqFt |
Similar Multifamily To 501 Mountain Ave
Nearby For Sale
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ByOwner last updated this listing 06/05/2026 @ 21:57
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