520 Riverland RD SE, Roanoke, VA 24014 (MLS# 923348)


$224,950
520 Riverland RD SE
Roanoke, VA 24014
MLS# 923348



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Property Description
Prime investment opportunity just a mile to Carilion Roanoke Memorial Hospital and minutes to South Roanoke, downtown amenities, retail, and the Greenway. This classic up/down duplex offers two vacant 2BR/1BA units with strong income potential and flexible rental strategies. The location creates natural demand for mid-term stays from medical professionals and visitors needing short stays close to the hospital. Simple layouts, low upkeep, and multiple revenue paths give this property a standout upside for a focused investment approach. Income options include mid-term stays, furnished rentals, and Airbnb-style hosting due to location advantages.

Details
Maps
General Property Description
Multi-Family Type: Duplex
Construction Status: Completed
Total Acreage: 0.16
# Furnished: 0
# Unfurnished: 2
# Leased Units: 0
Gross Bldg SQFT: 1506
Basement Y/N: Yes
Water Class: N/A
Parking Description: Other - See Remarks
Gross Income: 0
Year Built: 1924
Number of Units: 2
Location, Tax & Legal
Major Area: 01 - City of Roanoke
Phase: 0
Subdivision Map: Walnut Hill & Rive
Lot: 5
Block: 7
Tax ID: 4031012
Annual Taxes: 1943
Section: 0
Zoning Code: RM-1
POA Y/N: No
Area: 0120 - City of Roanoke - South
Street Number: 520
Street Name: Riverland
Street Suffix: RD
Street Direction Sfx: SE
State/Province: VA
Zip Code: 24014
Subdivision: N/A
Municipality: City of Roanoke
Elementary School: Crystal Spring
Middle School: James Madison
High School: Patrick Henry
Remarks & Misc
Directions: From Carilion Roanoke Memorial (Belleview Ave SE), to L Laurel, to R on Riverland to Home on Left.
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Vinyl: 1
Basement
Full: 1
Heating
Baseboard Electric: 1
Radiator Gas Heat: 1
Miscellaneous Info
Public Transport: Yes
Cooling
Window Unit(s): 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Owner Expenses
Other - See Remarks: 1
Interior Features
Breakfast Area: 1
Ceiling Fan(s): 1
Storage: 1
Tenant Expenses
Other - See Remarks: 1
Contract Information
Current Price: $224,950
List Price: $224,950
List Date: 2025-12-10
Status: Active
Property Features
Limited Service: Not Limited Service
Construction: Brick; Vinyl
Basement: Full
Heating: Baseboard Electric; Radiator Gas Heat
Cooling: Window Unit(s)
Water Description: Public
Sewer Description: Public Sewer
Owner Expenses: Other - See Remarks
Interior Features: Breakfast Area; Ceiling Fan(s); Storage
Tenant Expenses: Other - See Remarks

Listing Office: MKB, REALTORS®

Last Updated: December - 12 - 2025

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