$204,000
SOLD DEC 23, 2024

1323 Memphis St SE Roanoke, VA 24013

Morningside Neighborhood
-- Bed
-- Bath
2,156 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$95 Per Sq Ft

3% Above List Price

4 Days on Market

About This Home

As of December 2024

SE Roanoke Duplex on a great street! Excellent Investment Opportunity priced at a 7.15% Cap Rate with a lot of upside potential!Each unit is 3 Bedroom, 1 Bath with laundry hookups. Both top and bottom units are currently rented month-to-month.

Last Agent to Sell the Property

Steve Zegarski

VRC PROPERTIES LLC License #0225245213 Listed on: 09/30/2024

Co-Listed By

Jason Fountain

VRC PROPERTIES LLC License #0225077081

Last Buyer's Agent

Jason Fountain

VRC PROPERTIES LLC License #0225077081

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,163

Year Built

  • Built in 1985

Lot Details

  • 7,841 Sq Ft Lot

Home Design

  • 2,156 Sq Ft Home
  • Duplex
  • Slab Foundation

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 18A / 1

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Insurance Expense $724
  • Maintenance Expense $1,248
  • Manager Expense $1,248
  • Water Sewer Expense $1,200
  • New Taxes Expense $2,163
  • Operating Expense $6,584
  • Gross Income $21,900
  • Net Operating Income $14,221

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,163

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Central Cooling
  • CondoAssocYN: No
  • ExpensesManagementExp: 1248.00
  • ExpensesTaxExp: 2163.00
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2024-10-04
  • TotalAnnualExpen: 6584.00
  • 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
  • Expenses Water Exp: 1200.00
  • Water Description: Public Water
  • Water Heater Type: Tank

Schools

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

Lot Info

  • Lot Dimensions: 60' Frontage, 130' Depth
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.18
  • Lot: 18A

Building Info

  • Year Built: 1985

Tax Info

  • Taxes (6 mo): 2163.22
  • FILLTAXID: 4141306

Multi Family

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

MLS Schools

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

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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
12/23/2024 12/23/24 Sold $204,000 +2.5% $95 / Sq Ft
10/04/2024 10/04/24 Pending -- -- --
09/30/2024 09/30/24 For Sale $199,000 +65.8% $92 / Sq Ft
02/19/2021 02/19/21 Sold $120,000 -2.9% $56 / Sq Ft
12/14/2020 12/14/20 Pending -- -- --
12/01/2020 12/01/20 For Sale $123,600 -- $57 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Zegarski

    Seller's Agent in 2024

    Steve Zegarski

    VRC PROPERTIES LLC

    (540) 309-6738

    1 in this area

    37 Total Sales

    Steve Zegarski
    Section Image
  • Jason Fountain

    Seller Co-Listing Agent in 2024

    Jason Fountain

    VRC PROPERTIES LLC

    (540) 354-6456

    3 in this area

    56 Total Sales

    Jason Fountain
    Section Image
  • Derek Hicks

    Seller's Agent in 2021

    Derek Hicks

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 330-6126

    5 in this area

    48 Total Sales

    Derek Hicks
    Section Image
  • Norm Pullen

    Buyer's Agent in 2021

    Norm Pullen

    KELLER WILLIAMS REALTY ROANOKE

    (540) 330-6906

    4 in this area

    405 Total Sales

    Norm Pullen
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 911367

Roanoke Valley Association of REALTORS®

APN: 414-1306

Virginia Roanoke City County Roanoke 24013 Morningside

1323 Memphis St SE, Roanoke, VA

This home is located at 1323 Memphis St SE, Roanoke, VA 24013 and is currently priced at $204,000, approximately $94 per square foot. This property was built in 1985. 1323 Memphis St SE is a home located in Roanoke City with nearby schools including Morningside Elementary School, John P Fishwick 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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