$235,000
SOLD AUG 7, 2025

1028 Ray Rd SE Roanoke, VA 24014

Garden City Neighborhood
-- Bed
-- Bath
1,680 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$140 Per Sq Ft

2% Below List Price

70 Days on Market

About This Home

As of August 2025

Attention Investors..Duplex located convenient to Downtown. Up and Down Duplex, lower unit is vacant. Renters pay all utilities, Siding and Roof replaced and Heatpumps in 2006. Nice Decks on lower and upper unit. Nestled near the end of the road on a serene gentle lot. Lower Unit-Dishwasher replaced in 2025,Upper Unit Dishwasher 2019, 2025 bath light and cabinet replaced Seller pays Taxes 2230.00 and insurance. Upper unit rent $985 monthly,washer and dryer in upper unit, dryer in lower unit. All Appliances sold as is. 10% management fee by Lawson Realty. If both units leased it was bringing in $23,640 - 10% management fee -taxes and insurance

Last Agent to Sell the Property

Glenda McDaniel

LONG & FOSTER - SMITH MTN LAKE License #0225154920 Listed on: 04/24/2025

LONG & FOSTER - SMITH MTN LAKE

Co-Listed By

Steven McDaniel

LONG & FOSTER - SMITH MTN LAKE License #0225102154

Last Buyer's Agent

Glenda McDaniel

LONG & FOSTER - SMITH MTN LAKE License #0225154920 Listed on: 04/24/2025

LONG & FOSTER - SMITH MTN LAKE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,230

Year Built

  • Built in 1987

Lot Details

  • 6,970 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Slab Foundation

Interior Spaces

  • 1,680 Sq Ft Home
  • Ceiling Fan

Schools

  • Garden City Elementary School
  • John P. Fishwick Middle School
  • Patrick Henry High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, insurance
  • Tax Lot B

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • Insurance Expense $780
  • Manager Expense $2,364
  • New Taxes Expense $2,230
  • Operating Expense $5,374
  • Gross Income $23,640
  • Net Operating Income $18,266

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,230

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan
  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Heat Pump Electric
  • CondoAssocYN: No
  • ExpensesManagementExp: 2364.00
  • ExpensesTaxExp: 2230.00
  • InternetAccessCurntInternetProv: Cox
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 1.00
  • NumberUnfurnished: 2.00
  • NumberVehicleSpaces: 2.00
  • Hoa2 Or Poa: No
  • SubdivisionMap: LOT B HB Clark
  • TotalAnnualExpen: 5374.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

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

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.16
  • Lot: B
  • Present Use: Built-As
  • ZoningCode: R5

Building Info

  • Year Built: 1987

Tax Info

  • Taxes (6 mo): 2230.00

Multi Family

  • Lease Type: One Year
  • Tenant Pays: All Utilities, Cable TV, Insurance
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Garden City
  • HighSchool: Patrick Henry
  • Middle School: John P. Fishwick

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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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
08/07/2025 08/07/25 Sold $235,000 -2.0% $140 / Sq Ft
07/03/2025 07/03/25 Pending -- -- --
06/05/2025 06/05/25 For Sale $239,900 0.0% $143 / Sq Ft
05/27/2025 05/27/25 Pending -- -- --
04/24/2025 04/24/25 For Sale $239,900 -- $143 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2025

    Glenda McDaniel

    LONG & FOSTER - SMITH MTN LAKE

    (540) 797-2247

    1 in this area

    165 Total Sales

    Glenda McDaniel
    Section Image
  • Steven McDaniel

    Seller Co-Listing Agent in 2025

    Steven McDaniel

    LONG & FOSTER - SMITH MTN LAKE

    (540) 797-5498

    1 in this area

    117 Total Sales

    Steven McDaniel
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 916581

Roanoke Valley Association of REALTORS®

APN: 429-0111

Virginia Roanoke City County Roanoke 24014 Garden City

1028 Ray Rd SE, Roanoke, VA

Sold

MultiFamily

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