1406 Melrose AVE NW, Roanoke, VA 24017 (MLS# 918590)


$235,000
1406 Melrose AVE NW
Roanoke, VA 24017
MLS# 918590



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Property Description
Calling all investors or home hackers! Don't miss the chance to discover this unique duplex investment opportunity in the heart of Roanoke! This updated duplex features two spacious 2-bedroom 1 bath units with fantastic cash flow potential! Located in a convenient growing area, this is the perfect chance to secure strong rental income with minimal effort. This property is tenant occupied (month to month) and is ideal for any investor looking to add to their portfolio. This is a rare opportunity to generate immediate cash flow or live in one unit while offsetting your mortgage with rental income from the other. Whether you're a first-time investor or growing your portfolio, this duplex checks every box. Schedule your private showing today!

Details
Maps
General Property Description
Lot Dimensions: 50 X 140
Multi-Family Type: Duplex
Construction Status: Completed
Total Acreage: 0.16
# Furnished: 0
# Unfurnished: 0
# Leased Units: 2
Gross Bldg SQFT: 2302
Basement Y/N: No
Water Class: N/A
Parking Description: Private (1 - 9)
Gross Income: 0
Year Built: 1930
Number of Units: 2
Location, Tax & Legal
Major Area: 01 - City of Roanoke
Phase: 0
Lot: 7
Block: 37
Tax ID: 2222504
Annual Taxes: 1431
Section: 0000
POA Y/N: No
Area: 0140 - City of Roanoke - NW
Street Number: 1406
Street Name: Melrose
Street Suffix: AVE
Street Direction Sfx: NW
State/Province: VA
Zip Code: 24017
Subdivision: Melrose
Municipality: City of Roanoke
Elementary School: Roanoke Academy of Math and Science
Middle School: Lucy Addison
High School: Patrick Henry
Remarks & Misc
Directions: Orange Avenue to Right on 14th Street to Right on Melrose.
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Basement
Crawl Space: 1
Heating
Heat Pump Electric: 1
Cooling
Heat Pump Electric: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Owner Expenses
Water: 1
Tenant Expenses
Electricity: 1
Slr Pd Fin Concessns
Not Disclosed: 1
Contract Information
Current Price: $235,000
Sold Price: $235,000
List Date: 2025-06-24
Status: Closed
Status Change Info
Ratified Contract Dt: 2025-06-29
Sold Date: 2025-08-22
Sold Price: $235,000
Property Features
Limited Service: Not Limited Service
Construction: Brick
Basement: Crawl Space
Heating: Heat Pump Electric
Cooling: Heat Pump Electric
Water Description: Public
Sewer Description: Public Sewer
Owner Expenses: Water
Tenant Expenses: Electricity
Slr Pd Fin Concessns: Not Disclosed

Listing Office: DIVINE FOG REALTY COMPANY LLC- ROANOKE

Last Updated: February - 20 - 2026

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