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$ 1,795,000
Est. payment /mo
Active
135 Salem AVE Roanoke, VA 24011
15,676 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartments
Listing Status Active
Purchase Type For Sale
Square Footage 15,676 sqft
Price per Sqft $114
MLS Listing ID 924529
Construction Status Completed
Year Built 1906
Annual Tax Amount $16,922
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Apartments
Property Description
135 W Salem Avenue is an investment opportunity in the heart of Downtown Roanoke. This 10-unit mixed-use asset combines historic Roanoke character with modern livability, offering investors both stability and upside.The property features ground-floor commercial space positioned for strong visibility on the corner of Salem Ave and 2nd Street. Above the commercial space are nine residential units served by an elevator.135 W Salem delivers immediate and diversified cash flow, supported by a mix of long-term residents and short-term executive tenants. The short-term units cater primarily to executive and traveling healthcare professionals. a tenant base that continues to grow alongside Roanoke's expanding medical and technology sectors.
Location
State VA
County City Of Roanoke
Area 0110 - City Of Roanoke - Downtown
Zoning D
Interior
Heating Forced Air Electric, Heat Pump Electric
Cooling Central Air
Exterior
Parking Features Off Site
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Construction Status Completed
Schools
Elementary Schools Highland Park
Middle Schools James Madison
High Schools William Fleming
Others
Tax ID 1010404
Listed by POE & CRONK REAL ESTATE GROUP
NEARBY SCHOOL & BUSINESS
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