611 Stewart Avenue Southeast

Roanoke, VA 24013

$240,000
Price
3
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This well-maintained triplex offer an excellent investment opportunity. Two of the 3 units are currently rented, providing immediate income, while the third is vacant and ready for occupancy. All units have been recently renovated, featuring fresh paint, new flooring, and essential safety improvements, ensuring a comfortable living environment for tenants. A new roof, installed in 2023, adds long-term value and peace of mind for future maintenance. The property is ideal for investors looking to expand...This well-maintained triplex offer an excellent investment opportunity. Two of the 3 units are currently rented, providing immediate income, while the third is vacant and ready for occupancy. All units have been recently renovated, featuring fresh paint, new flooring, and essential safety improvements, ensuring a comfortable living environment for tenants. A new roof, installed in 2023, adds long-term value and peace of mind for future maintenance. The property is ideal for investors looking to expand their portfolio with a move-in-ready asset that requires minimal updates. Don't miss this chance to secure a solid investment with stable cash flow.
  1. Listed by PETER VOLOSIN • LICHTENSTEIN ROWAN, REALTORS®

Property Details for 611 Stewart Avenue Southeast

View
City
Zoning
RM-1
Subdivision Name
Belmont
Covered Spaces
29085.0
Parking Total
2.0
LISTING UPDATED: 10/28/2024 06:11 PM

Property Details for 611 Stewart Avenue Southeast

StatusActive
MLS #912012
Days on Market28
Taxes$1,514 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiFamily
Year Built1895
Lot Size0.12 AC / 5,227 SF
CountyRoanoke Independent City

Building Information for 611 Stewart Avenue Southeast

Stories-Residences3Year Built1895Building Size-Lot Size0.12 AC / 5,227 SF

Property Information for 611 Stewart Avenue Southeast

Summary
Location and General Information
  • Directions: Take the Elm Ave Exit (Exit 6) from I-581. At the end of the exit ramp, turn onto Elm Avenue (heading East). Turn left onto 7th Street SE. turn Left onto Stewart Ave SE.
  • 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: 401-2233
  • Tax Block: 10
  • Tax Lot: 3
  • Tax Tract Or Section: 0
  • Tax Amount: $1,514
  • Location Legal Taxes - Phase: $0
  • Location Legal Taxes - Annual Taxes: $1,514
  • Location Legal Taxes - Section: 0
  • Location Legal Taxes - POA YN: No
School Information
  • Elementary School: Fallon Park
  • Middle Or Junior School: John P. Fishwick
  • High School: William Fleming
Parking
  • Attached Garage: No
  • General Property Description - Parking Description: Private (1 - 9)
Property
Lot Information
  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Dimensions: 40 x 130
  • Lot Size Units: Acres
  • Lot Size Square Feet: 5227.2
  • General Property Description - Total Acreage: 0.12
Property and Assessments
  • Total Bathrooms Source: MLS
  • Property Type: MultiFamily
  • Year Built: 1895
  • Property Type Label: MultiFamily
  • General Property Description - Construction Status: Completed
  • General Property Description - Present Use: Converted
Utilities
  • Miscellaneous Info - Public Transport2: Yes
  • Sewer: Public Sewer
  • 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: Baseboard, Baseboard Electric
  • Basement: Dirt - Full
  • 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: 3.0
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • General Property Description - # Leased Units: 2
Income & Expenses
  • Gross Scheduled Income: $31,560
  • Operating Expense: $2,475
  • General Property Description - Gross Income: $31,560
  • Gross Income: $31,560
  • Net Operating Income: $29,085
  • Expenses - Water Exp: $960
Unit 1
  • Unit Number: Type 1
  • Units Total: 2
  • Beds Total: 1
  • Furnished: 1
  • Parking: Range Electric
  • Rent: Refrigerator
Unit 2
  • Unit Number: Type 2
  • Units Total: 1
  • Beds Total: 2
  • Furnished: 1
  • Parking: Range Electric
  • Rent: Refrigerator
Rental
Rental Information
  • Misc Features - Current Lease: Yes
  • Tenant Expenses - Cable TV: Yes
  • Tenant Expenses - Electricity: Yes
  • Tenant Expenses - Sewer: Yes

Property History for 611 Stewart Avenue 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 611 Stewart Avenue Southeast

Taxable ValueLand$9,100Additions$89,200Total$98,300
Tax Record2024$1,515 ($126 / month)
Home Facts
Total Finished SqFt2,302 SqFtAbove Grade Finished SqFt2,302 SqFtStories2Lot Size5,201 SqFtStyleMulti-Family Dwelling (2-4)Year Built1895ZoningRM-1CountyROANOKE CITYAPN401-2233Fireplace TypeHas Fireplace

Schools near 611 Stewart Avenue 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
Private - PK to 12
Rating
School
Distance
Fallon Park Elementary School
PublicPK to 5

Stonewall Jackson Middle School
Public6 to 8

William Fleming High School
Public9 to 12

Roanoke Catholic School
PrivatePK 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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611 Stewart Avenue Southeast is a multi-family home for sale in Roanoke, VA 24013. This property was listed for sale on October 28, 2024 by LICHTENSTEIN ROWAN, REALTORS®, it's currently listed at $240,000. It has been on the market for a total of 28 days and was last sold on July 21, 2023. This listing's school district is Roanoke City Public Schools. Nearby schools include Fallon Park Elementary School, Stonewall Jackson Middle School and William Fleming High School. 611 Stewart Avenue Southeast is a 3-bed, 0-bath, multi-family home built in 1895.

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 LICHTENSTEIN ROWAN, REALTORS®, PETER VOLOSIN

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.