518 Highland AVE SW, Roanoke, VA 24016 (MLS# 927046)
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$310,000
518 Highland AVE SW Roanoke, VA 24016 MLS# 927046
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Property Description 518 Highland Avenue SW is a remodeled historic, 100% occupied, three-unit multifamily located in Roanoke's highly desirable Old Southwest neighborhood. The property offers a functional unit mix within a submarket known for strong tenant demand, limited rental inventory, and consistent occupancy. Situated on a quiet, tree-lined street near downtown Roanoke and Grandin Village, the asset benefits from long-term rental stability and classic architectural character.
Details
Maps
General Property Description
Multi-Family Type: Triplex
Construction Status: Completed
Total Acreage: 0.15
# Furnished: 0
# Unfurnished: 1
# Leased Units: 3
Gross Bldg SQFT: 2508
Basement Y/N: No
Water Class: N/A
Parking Description: Private (1 - 9)
# Vehicle Spaces: 2
Gross Income: 24900
Year Built: 1909
Number of Units: 3
Operating Expense: 5913
Net Operating Income: 17741
Location, Tax & Legal
Major Area: 01 - City of Roanoke
Phase: 3
Lot: 9
Block: 1
Tax ID: 112-1207
Annual Taxes: 3354
Section: 1
Zoning Code: RM1
POA Y/N: No
Area: 0130 - City of Roanoke - SW
Street Number: 518
Street Name: Highland
Street Suffix: AVE
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24016
Subdivision: Gishland
Municipality: City of Roanoke
Elementary School: Highland Park
Middle School: James Madison
High School: Patrick Henry
Remarks & Misc
Directions: From northbound on Franklin Rd SW, turn left onto Highland Ave SW and drive 2.5 blocks. Property on your left.
Limited Service
Not Limited Service: 1
Construction
Wood: 1
Basement
Crawl Space: 1
Heating
Forced Air Gas: 1
Cooling
Central Air: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Lease Type
Month To Month: 1
Owner Expenses
Gas: 1
Internet Access
Cable: 1
Tenant Expenses
Electricity: 1
Sewer: 1
Water: 1
Contract Information
Current Price: $310,000
List Price: $310,000
List Date: 2026-04-29
Status: Active
Property Features
Limited Service: Not Limited Service
Construction: Wood
Basement: Crawl Space
Heating: Forced Air Gas
Cooling: Central Air
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank
Water Heater Energy: Electric
Lease Type: Month To Month
Owner Expenses: Gas
Internet Access: Cable
Tenant Expenses: Electricity; Sewer; Water
Listing Office: WALKER REAL ESTATE SOLUTIONS
Last Updated: April - 29 - 2026
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