$208,000

1027 Ferdinand Ave SW Roanoke, VA 24016

Mountain View Neighborhood

Estimated payment $1,288/month

Total Views 10,139
-- Bed
-- Bath
1,769 Sq Ft
$118 Price per Sq Ft

Highlights

  • City View
  • No HOA
  • Forced Air Heating System

About This Home

Great Investment opportunity with tons of potential. Triplex located in Se Roanoke featuring 3 units, 2 one bedrooms and 1 efficiency all with one bath. Convenient located close to downtown Roanoke. Recent updates include new roof. All units are currently rented, one bedrooms are rented at $750 each and $550 for the efficiency and could possibly rent for more. If you're looking to start investing or wanting to add an income producing unit to your growing portfolio. Look no further. Schedule a tour today.

Listing Agent

Andre Palmer

PALMER REALTY GROUP LLC License #0225207973 Listed on: 03/04/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,384

Year Built

  • Built in 1900

Lot Details

  • 9,583 Sq Ft Lot

Parking

  • On-Street Parking

Property Views

  • City
  • Mountain

Interior Spaces

  • 1,769 Sq Ft Home
  • Partial Basement

Schools

  • Highland Park Elementary School
  • James Madison Middle School
  • Patrick Henry High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 10

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Operating Expense $5,384
  • Gross Income $25,500
  • Net Operating Income $20,116

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,384

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Heating System: Forced Air Gas
  • Type: Multi-Family
  • Has Basement: Partial Basement
  • Cooling System: Window A/C
  • Views: City, Mountain
  • CondoAssocYN: No
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 3.00
  • NumberUnfurnished: 3.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 5384.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Street

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.22
  • Lot: 10

Building Info

  • Year Built: 1900

Tax Info

  • Taxes (6 mo): 2384.18

Multi Family

  • Lease Type: One Year
  • Tenant Pays: Electricity
  • Units In Building: 3.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Highland Park
  • HighSchool: Patrick Henry
  • Middle School: James Madison

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/29/2025 09/29/25 Price Changed $208,000 -1.0% $118 / Sq Ft
03/04/2025 03/04/25 For Sale $210,000 +90.9% $119 / Sq Ft
10/23/2014 10/23/14 Sold $110,000 -7.6% $62 / Sq Ft View Prior Sale
09/29/2014 09/29/14 Pending -- -- --
09/22/2014 09/22/14 For Sale $119,000 +336.7% $67 / Sq Ft
10/25/2012 10/25/12 Sold $27,250 -16.2% $15 / Sq Ft View Prior Sale
09/21/2012 09/21/12 Pending -- -- --
09/04/2012 09/04/12 For Sale $32,500 -- $18 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Source: Roanoke Valley Association of REALTORS®

MLS Number: 914809

Roanoke Valley Association of REALTORS®

APN: 111-3013

Virginia Roanoke City County Roanoke 24016 Mountain View

1027 Ferdinand Ave SW, Roanoke, VA

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Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Andre Palmer
Listing Agent
Andre Palmer
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PALMER REALTY GROUP LLC
(540) 831-3598