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501 Mountain Ave Sw, Roanoke, VA 24016

Roanoke
Local realty services provided by:CENTURY 21 Wampler Realty
501 Mountain Ave Sw,Roanoke, VA 24016
$498,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jason noel fountain, steven jude zegarski
Office: investors real estate partners llc.
MLS#:927031
Source:VA_RVAR

Price summary

  • Price:$498,000

About this home

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.

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Home facts

  • Year built:1921
  • Listing ID #:927031
  • Added:1 day(s) ago
  • Updated:April 28, 2026 at 09:04 PM

Heating and cooling

  • Heating:Radiator Gas Heat

Structure and exterior

  • Year built:1921
  • Lot area:0.12 Acres
  • Construction Materials:Brick

Schools

  • High school:Patrick Henry
  • Middle school:James Madison
  • Elementary school:Wasena

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$498,000
  • Tax amount:$4,596

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