508 5th Street Northwest

Roanoke, VA 24016

$119,950
Price
4
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Attention all Investors , great opportunity to add to your portfolio . This duplex has 2 units with 2 bedrooms 1 bathroom each, newer appliances ,LVP and tile floors. Both units rented for $750 each in 2023.Attention all Investors , great opportunity to add to your portfolio . This duplex has 2 units with 2 bedrooms 1 bathroom each, newer appliances ,LVP and tile floors. Both units rented for $750 each in 2023.
  1. Listed by KEVIN WESTLAKE • IVY REALTY OF ROANOKE LLC
  2. Listed by JASON DEBORD • IVY REALTY OF ROANOKE LLC

Property Details for 508 5th Street Northwest

View
City
Subdivision Name
NA
Covered Spaces
11069.0
LISTING UPDATED: 10/11/2024 03:37 PM

Property Details for 508 5th Street Northwest

StatusActive
MLS #910083
Days on Market101
Taxes$507 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiFamily
Year Built1902
Lot Size0.00 AC / 0 SF
CountyRoanoke Independent City

Building Information for 508 5th Street Northwest

Stories-Residences2Year Built1902Building Size-Lot Size0.00 AC / 0 SF

Property Information for 508 5th Street Northwest

Summary
Location and General Information
  • Directions: Elm Ave to 5th St heading towards Orange Ave left onto Patton and park on Patton. Walk to 508 5th
  • MLS Area Major: 0140 - City of Roanoke - NW
  • City: Roanoke
  • State Or Province: VA
  • Postal Code: 24016
  • County Or Parish: City of Roanoke
  • MLS Area Minor: 0140 - City of Roanoke - NW
  • General Property Description - Water Class: N/A
Taxes and HOA
  • Association YN: No
  • Association Fee: $0
  • Parcel Number: 201-0525
  • Tax Block: 15
  • Tax Lot: PT LOTS 19-20
  • Tax Tract Or Section: R F & H
  • Tax Amount: $507
  • Location Legal Taxes - Phase: $0
  • Location Legal Taxes - Annual Taxes: $507
  • Location Legal Taxes - Section: R F & H
  • Location Legal Taxes - POA YN: No
School Information
  • Elementary School: Lincoln Terrace
  • Middle Or Junior School: Lucy Addison
  • High School: Patrick Henry
Parking
  • Attached Garage: No
  • General Property Description - Parking Description: None
Property
Lot Information
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Dimensions: 36x78
  • Lot Size Square Feet: 0.0
Property and Assessments
  • Total Bathrooms Source: MLS
  • Property Type: MultiFamily
  • Year Built: 1902
  • Property Type Label: MultiFamily
  • General Property Description - Construction Status: Completed
Utilities
  • Sewer: True
  • Water Description - Public Water: Yes
  • Internet Access - Cable: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Amenities Common - Cable TV: Yes
Interior Features
  • Water Heater Type - Tank: Yes
  • Water Heater Energy - Electric: Yes
  • Cooling: None
  • Heating: Forced Air Gas
  • Basement: Crawl Space
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: No
  • Heating: Yes
  • General Property Description - Basement: No
  • 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: 0
Income & Expenses
  • Gross Scheduled Income: $15,150
  • Operating Expense: $4,080
  • General Property Description - Gross Income: $15,150
  • Gross Income: $15,150
  • Net Operating Income: $11,069
Unit 1
  • Unit Number: Type 1
  • Units Total: 2
  • Beds Total: 4
  • Furnished: 2
  • Stories: 0
  • Parking: Refrigerator
  • Rent: Range Electric
Rental
Rental Information
  • Tenant Expenses - Cable TV: Yes
  • Tenant Expenses - Electricity: Yes
  • Tenant Expenses - Gas: Yes

Property History for 508 5th Street Northwest

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 508 5th Street Northwest

Taxable ValueLand$7,000Additions$46,800Total$53,800
Tax Record2024$923 ($77 / month)
Home Facts
Total Finished SqFt1,598 SqFtAbove Grade Finished SqFt1,598 SqFtStories2Lot Size2,888 SqFtStyleMulti-Family Dwelling (2-4)Year Built1902ZoningRM-1CountyROANOKE CITYAPN201-0525Fireplace TypeHas Fireplace

Schools near 508 5th Street Northwest

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
Private - 9 to 12
Rating
School
Distance
Lincoln Terrace Elementary School
PublicPK to 5

Addison Aerospace Magnet Middle School
Public6 to 8

Patrick Henry High School
Public9 to 12

Community High School
Private9 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.

Similar Homes

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508 5th Street Northwest is a multi-family home for sale in Roanoke, VA 24016. This property was listed for sale on August 15, 2024 by IVY REALTY OF ROANOKE LLC, it's currently listed at $119,950. It has been on the market for a total of 101 days and was last sold on October 29, 2020. This listing's school district is Roanoke City Public Schools. Nearby schools include Lincoln Terrace Elementary School, Addison Aerospace Magnet Middle School and Patrick Henry High School. 508 5th Street Northwest is a 4-bed, 0-bath, multi-family home built in 1902.

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 IVY REALTY OF ROANOKE LLC, KEVIN WESTLAKE; IVY REALTY OF ROANOKE LLC, JASON DEBORD

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.