BEDS0
BATHS
SQUARE FEET15,676
MLS#924529
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
135 W Salem Avenue is an investment opportunity in the heart of Downtown Roanoke. This 10-unit mixed-use asset combines historic Roanoke character with modern livability, offering investors both stability and upside.The property features ground-floor commercial space positioned for strong visibility on the corner of Salem Ave and 2nd Street. Above the commercial space are nine residential units served by an elevator.135 W Salem delivers immediate and diversified cash flow, supported by a mix of long-term residents and short-term executive tenants. The short-term units cater primarily to executive and traveling healthcare professionals. a tenant base that continues to grow alongside Roanoke's expanding medical and technology sectors.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Forced Air Electric, Heat Pump Electric
Lot Size: 0.08 Acres
Taxes: $16,922
Year Built: 1906
Feature Descriptions
Exterior: Brick
Lot Dimensions: 0.08 acre(s)
Parking Notes: Off Site
Sewer: Public Sewer
Units: 10
Water: Public
Local Schools
High School: William Fleming
Middle School: James Madison
Elementary School: Highland Park
Listed By / Shown By
Listed By
Agency Name: POE & CRONK REAL ESTATE GROUP
Agency Phone: (540) 982-2444
Shown By
Agent Name: Stephanie Lawrence
Agent Phone: (540) 400-9350
Agency Title: MKB, REALTORS
Estimate Your Payment
Estimated Payment
$ 5,928.60 per month $3,994.89 Principal & Interest $1,410.17 Property Tax $523.54 Homeowner's InsuranceChange Payment Information
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135 Salem Ave Sw | MLS# 924529
This multi-family property located at 135 Salem Ave Sw, Roanoke, VA 24011 is currently listed for sale with an asking price of $1,795,000. Search Roanoke real estate on slawrence.mkbrealtors.com today.