$95,000
SOLD NOV 13, 2020

1316 Chapman Ave SW Roanoke, VA 24016

Mountain View Neighborhood
-- Bed
-- Bath
3,284 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$29 Per Sq Ft

17% Below List Price

20 Days on Market

About This Home

As of February 2025

This triplex is a savvy investor's chance to gain an asset that will appreciate AND cash flow! The West End-- Chapman Ave especially-- is experiencing a targeted revitalization that is raising property values year by year. The two lower units are occupied with long-term tenants. The large 3 bedroom upper unit is yours to reinvent, and can add another $750/mo to your gross income. The renovations may even qualify for rehab grants through Roanoke City!

Last Agent to Sell the Property

Jennifer Porter

EMBOLDEN REALTY GROUP License #0225243694 Listed on: 09/17/2020

EMBOLDEN REALTY GROUP

Last Buyer's Agent

Valerie Eagle

PARK PLACE REALTY INC License #0225043304

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $809

Year Built

  • Built in 1905

Lot Details

  • Lot Dimensions are 50x150

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 3,284 Sq Ft Home
  • Partial Basement

Schools

  • Hurt Park Elementary School
  • Woodrow Wilson Middle School
  • Patrick Henry High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 4 / 16

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Leased Units
  • Operating Expense $1,500
  • Gross Income $16,200
  • Net Operating Income $14,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$809

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Heating System: Baseboard Electric, Baseboard Gas
  • Type: Multi-Family
  • Has Basement: Partial Basement
  • Cooling System: No Cooling System, Window A/C
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 3.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2020-10-07
  • SubdivisionMap: West End Land
  • TotalAnnualExpen: 1500.00
  • 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

Schools

  • Elementary School: Hurt Park
  • Middle School: Woodrow Wilson
  • High School: Patrick Henry

Lot Info

  • Lot Dimensions: 50x150
  • Property Group Id: 19990816212116581394000000
  • Lot: 4
  • ZoningCode: RM2

Building Info

  • Year Built: 1905

Tax Info

  • Taxes (6 mo): 809.00
  • FILLTAXID: 1220205

Multi Family

  • Tenant Pays: Cable TV, Electricity
  • Units In Building: 3.00
  • Multi Family Type: Triplex

MLS Schools

  • Elementary School: Hurt Park
  • HighSchool: Patrick Henry
  • Middle School: Woodrow Wilson

Range of Values:

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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 Change Sq Ft Price
02/20/2025 02/20/25 Sold $260,000 +18.7% $79 / Sq Ft
08/16/2024 08/16/24 Pending -- -- --
05/02/2024 05/02/24 Price Changed $219,000 -8.4% $67 / Sq Ft
03/25/2024 03/25/24 For Sale $239,000 +151.6% $73 / Sq Ft
11/13/2020 11/13/20 Sold $95,000 -17.3% $29 / Sq Ft
10/07/2020 10/07/20 Pending -- -- --
09/17/2020 09/17/20 For Sale $114,900 -- $35 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jane Metcalfe

    Seller's Agent in 2025

    Jane Metcalfe

    MKB, REALTORS(r)

    (540) 798-1126

    1 in this area

    40 Total Sales

    Jane Metcalfe
    Section Image

  • J

    Buyer's Agent in 2025

    Jared Herron

    REAL BROKER LLC - DGA-SALEM

    (540) 900-3489

    1 in this area

    92 Total Sales

    Jared Herron
    Section Image

  • J

    Seller's Agent in 2020

    Jennifer Porter

    EMBOLDEN REALTY GROUP

    (540) 397-5259

    1 in this area

    130 Total Sales

    Jennifer Porter
    Section Image
  • Valerie Eagle

    Buyer's Agent in 2020

    Valerie Eagle

    PARK PLACE REALTY INC

    (540) 537-1808

    1 in this area

    65 Total Sales

    Valerie Eagle
    Section Image

  • K

    Buyer Co-Listing Agent in 2020

    KELLI L EAGLE

    PARK PLACE REALTY INC

    (540) 815-2225

    2 in this area

    51 Total Sales

    KELLI L EAGLE
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 873444

Roanoke Valley Association of REALTORS®

APN: 122-0205

Virginia Roanoke City County Roanoke 24016 Mountain View

1316 Chapman Ave SW, Roanoke, VA

This home is located at 1316 Chapman Ave SW, Roanoke, VA 24016 and is currently priced at $95,000, approximately $28 per square foot. This property was built in 1905. 1316 Chapman Ave SW is a home located in Roanoke City with nearby schools including Hurt Park Elementary School, James Madison Middle School, and Patrick Henry High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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