1501 7th Street Southeast

Roanoke, VA 24013

$220,000
Price
5
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This cash-flowing duplex, conveniently located in Southeast Roanoke, offers a promising investment opportunity. Both units are currently occupied, contributing to a steady income stream. The upper unit comprises three bedrooms and one bathroom, with a current rental rate of $1,150. Meanwhile, the lower unit, featuring two bedrooms and one bathroom, is leased at $1,025.This cash-flowing duplex, conveniently located in Southeast Roanoke, offers a promising investment opportunity. Both units are currently occupied, contributing to a steady income stream. The upper unit comprises three bedrooms and one bathroom, with a current rental rate of $1,150. Meanwhile, the lower unit, featuring two bedrooms and one bathroom, is leased at $1,025.
  1. Listed by MICHAEL BELCHER • KELLER WILLIAMS REALTY ROANOKE

Property Details for 1501 7th Street Southeast

Subdivision Name
N/A
Covered Spaces
26100.0
LISTING UPDATED: 08/29/2024 10:28 AM

Property Details for 1501 7th Street Southeast

StatusActive
MLS #910494
Days on Market118
Taxes$1,299 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiFamily
Year Built1928
Lot Size0.10 AC / 4,356 SF
CountyRoanoke Independent City

Building Information for 1501 7th Street Southeast

Stories-Residences2Year Built1928Building Size-Lot Size0.10 AC / 4,356 SF

Property Information for 1501 7th Street Southeast

Summary
Location and General Information
  • Directions: From 581, Elm(and Bullitt) to Right on 9th, Right on Morehead by the Cito go station, Right on 7th, House on Left.
  • MLS Area Major: 0160 - City of Roanoke - SE
  • City: Roanoke
  • State Or Province: VA
  • Postal Code: 24013
  • County Or Parish: City of Roanoke
  • MLS Area Minor: 0160 - City of Roanoke - SE
  • General Property Description - Water Class: N/A
Taxes and HOA
  • Association YN: No
  • Association Fee: $0
  • Parcel Number: 414-1503
  • Tax Block: 9
  • Tax Lot: 12
  • Tax Tract Or Section: 0
  • Tax Amount: $1,299
  • Location Legal Taxes - Phase: $0
  • Location Legal Taxes - Annual Taxes: $1,299
  • Location Legal Taxes - Section: 0
  • Location Legal Taxes - POA YN: No
School Information
  • Elementary School: Morningside
  • Middle Or Junior School: John P. Fishwick
  • High School: Patrick Henry
Parking
  • Attached Garage: No
  • General Property Description - Parking Description: Street
Property
Lot Information
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Units: Acres
  • Lot Size Square Feet: 4356.0
  • General Property Description - Total Acreage: 0.1
Property and Assessments
  • Total Bathrooms Source: MLS
  • Property Type: MultiFamily
  • Year Built: 1928
  • Property Type Label: MultiFamily
  • General Property Description - Construction Status: Completed
  • General Property Description - Present Use: Converted
Utilities
  • Sewer: Public Sewer
  • Water Description - Public Water: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding
Interior Features
  • Water Heater Type - Tank: Yes
  • Water Heater Energy - Electric: Yes
  • Cooling: None
  • Heating: Baseboard, Baseboard Electric
  • Basement: Partial Basement
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: No
  • Heating: Yes
  • General Property Description - Basement: Yes
  • General Property Description - # Furnished: 0.0
  • General Property Description - # Unfurnished: 2.0
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • General Property Description - # Leased Units: 2
Income & Expenses
  • Gross Scheduled Income: $0
  • Operating Expense: $0
  • General Property Description - Gross Income: $0
  • Gross Income: $0
  • Net Operating Income: $26,100
Unit 1
  • Unit Number: Type 1
  • Units Total: 1
  • Beds Total: 3
  • Furnished: 1
  • Stories: 0
  • Parking: Range Electric
  • Rent: Refrigerator
Unit 2
  • Unit Number: Type 2
  • Units Total: 1
  • Beds Total: 2
  • Furnished: 1
  • Stories: 0
  • Parking: Range Electric
  • Rent: Refrigerator
Rental
Rental Information
  • Lease Term: Month-to-Month, One Year
  • Tenant Expenses - Deposit: Yes
  • Tenant Expenses - Electricity: Yes

Property History for 1501 7th Street Southeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1501 7th Street Southeast

Taxable ValueLand$18,500Additions$113,800Total$132,300
Tax Record2024$1,881 ($157 / month)
Home Facts
Total Finished SqFt1,632 SqFtAbove Grade Finished SqFt1,632 SqFtStories1Lot Size4,208 SqFtStyleMulti-Family Dwelling (2-4)Year Built1928ZoningRM-1CountyROANOKE CITYAPN414-1503Fireplace TypeHas Fireplace

Schools near 1501 7th Street Southeast

This home is within Roanoke City Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Morningside Elementary School
PublicPK to 5

Stonewall Jackson Middle School
Public6 to 8

Patrick Henry High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1501 7th Street Southeast is a multi-family home for sale in Roanoke, VA 24013. This property was listed for sale on August 29, 2024 by KELLER WILLIAMS REALTY ROANOKE, it's currently listed at $220,000. It has been on the market for a total of 118 days and was last sold on January 13, 2023. This listing's school district is Roanoke City Public Schools. Nearby schools include Morningside Elementary School, Stonewall Jackson Middle School and Patrick Henry High School. 1501 7th Street Southeast is a 5-bed, 0-bath, multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS REALTY ROANOKE, MICHAEL BELCHER

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.