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!
Sold for $235,000 on 08/22/25
$235,000
1406 Melrose Ave NW, Roanoke, VA 24017
--beds
--baths
2,302sqft
Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$102/sqft
$1,826 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,826/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: August 25, 2025 at 06:12am
Listed by:
ALYSHIA MERCHANT 540-819-2283,
DIVINE FOG REALTY COMPANY LLC- ROANOKE
Bought with:
TONY SEIFRED, 0225082689
MKB, REALTORS(r) - AT THE LAKE
Source: RVAR,MLS#: 918590
Facts & features
Interior
Heating
- Heat Pump Electric
Cooling
- Heat Pump Electric
Features
- Has basement: No
Interior area
- Total structure area: 2,302
- Total interior livable area: 2,302 sqft
Property
Parking
- Parking features: Private (1 - 9)
Lot
- Size: 6,969 sqft
- Dimensions: 50 X 140
Details
- Parcel number: 2222504
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- Completed
- Year built: 1930
Utilities & green energy
- Electric: 0 Phase
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Roanoke
- Subdivision: Melrose
Price history
| Date | Event | Price |
|---|---|---|
| 8/22/2025 | Sold | $235,000+2.2%$102/sqft |
Source:  RVAR #918590 | ||
| 6/30/2025 | Pending sale | $229,950$100/sqft |
Source: RVAR #918590 | ||
| 6/25/2025 | Listed for sale | $229,950+506.7%$100/sqft |
Source: RVAR #918590 | ||
| 12/19/2005 | Sold | $37,900$16/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,124 +12.2% | $92,100 +12.2% |
| 2024 | $1,002 +27.3% | $82,100 +27.3% |
| 2023 | $787 +6.6% | $64,500 +6.6% |
Find assessor info on the county website
Neighborhood: Loudon-Melrose
Nearby schools
GreatSchools rating
- 3/10Roanoke Academy For Math & Science ElementaryGrades: PK-5Distance: 0.8 mi
- 2/10Addison Aerospace Magnet Middle SchoolGrades: 6-8Distance: 0.7 mi
- 3/10Patrick Henry High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- Elementary: Roanoke Academy of Math and Science
- Middle: Lucy Addison
- High: Patrick Henry
Source: RVAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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