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Listed price in listed location currency (USD).
$498,000

0037839

MLS® 927031

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage 
HOA Fees 
Taxes $4,596
Days Active 1
Approx. Age 1921
MLS® Number 927031

Property Address: 501 Mountain Ave Sw, Roanoke, VA, 24016-3926

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number927031
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1921
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 28, 2026List Date
$498,000List Price
  • Commute

Commute

Starting Address
Destination Address
501 Mountain Ave Sw, Roanoke, VA

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