NOT LISTED FOR SALE

1113 Penmar Ave SE Roanoke, VA 24013

Morningside Neighborhood
2 Beds
2 Baths
1,666 Sq Ft
4,792 Sq Ft Lot

Last Sold April 11, 2024

Last sale price $130,000 $78 Per Sq Ft

206 Days on Market

Highlights

  • No HOA
  • Ceiling Fan
  • 3-minute walk to Belmont Park

About This Home

As of April 2024

This is a great investment opportunity for the Roanoke Valley. The duplex features two one bedroom one bath units one on entry level and one upper level. The property has a fenced-in back yard and faces Belmont Park. Valley Metro bus service has a pickup spot at end of street. Upstairs unit is currently rented on a one year lease for $700. Downstairs unit last rented for $675. The water and sewer bill are usually about $50 a month based on one tenant in each apartment. The downstairs unit has a new water heater, refrigerator, and gas range.

Last Agent to Sell the Property

Jennifer Wilcox

WAINWRIGHT & CO., REALTORS(r) License #0225183584 Listed on: 08/31/2023

WAINWRIGHT & CO., REALTORS(r)

Last Buyer's Agent

Adam Stephenson

RE/MAX ALL STARS License #0225242154

RE/MAX ALL STARS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,174

Year Built

  • Built in 1925

Lot Details

  • 4,792 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 1,666 Sq Ft Home
  • Ceiling Fan
  • Partial Basement

Parking

  • 2 Parking Spaces
  • On-Street Parking

Schools

  • Morningside Elementary School
  • John P. Fishwick Middle School
  • Patrick Henry High School

Utilities

  • No Cooling
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 4 / 2

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Operating Expense $2,377
  • Gross Income $15,300
  • Net Operating Income $12,923

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,174

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan
  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Partial Basement
  • Cooling System: No Cooling System
  • CondoAssocYN: No
  • Major Area: 01 - City of Roanoke
  • MiscellaneousInfoPaidUtilities: water and sewer
  • MiscellaneousInfoPublicTransport: Yes
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • NumberVehicleSpaces: 2.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 2376.56
  • Water Class: N/A
  • YardSign: Yes
  • 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

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.11
  • Lot: 4

Building Info

  • Year Built: 1925

Tax Info

  • Taxes (6 mo): 1173.56

Multi Family

  • Tenant Pays: Electricity, Gas
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
04/11/2024 04/11/24 Sold $130,000 -16.1% $78 / Sq Ft
03/24/2024 03/24/24 Pending -- -- --
03/11/2024 03/11/24 For Sale $155,000 0.0% $93 / Sq Ft
02/23/2024 02/23/24 Pending -- -- --
01/09/2024 01/09/24 Price Changed $155,000 -4.3% $93 / Sq Ft
01/02/2024 01/02/24 Price Changed $162,000 -3.6% $97 / Sq Ft
10/27/2023 10/27/23 Price Changed $168,000 -5.1% $101 / Sq Ft
08/31/2023 08/31/23 For Sale $177,000 -- $106 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,641 $112,300 $25,700 $86,600
2024 $1,641 $107,100 $20,500 $86,600
2023 $1,574 $89,500 $15,500 $74,000
2022 $1,288 $84,600 $14,100 $70,500
2021 $949 $77,800 $11,300 $66,500
2020 $1,174 $77,800 $11,300 $66,500
2019 $1,174 $77,800 $11,300 $66,500
2018 $1,174 $77,800 $11,300 $66,500
2017 $932 $73,700 $11,300 $62,400
2016 $932 $73,700 $11,300 $62,400
2015 $916 $73,700 $11,300 $62,400
2014 $916 $73,700 $11,300 $62,400
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Wilcox

    Seller's Agent in 2024

    Jennifer Wilcox

    WAINWRIGHT & CO., REALTORS(r)

    (540) 588-0462

    1 in this area

    19 Total Sales

    Jennifer Wilcox
    Section Image
  • Adam Stephenson

    Buyer's Agent in 2024

    Adam Stephenson

    RE/MAX

    (540) 494-7169

    5 in this area

    225 Total Sales

    Adam Stephenson
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 901275

Roanoke Valley Association of REALTORS®

APN: 414-0704

Virginia Roanoke City County Roanoke 24013 Morningside

1113 Penmar Ave SE, Roanoke, VA

Not Listed for Sale

MultiFamily

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