$176,500
SOLD OCT 29, 2025

1501 7th St SE Roanoke, VA 24013

Morningside Neighborhood
-- Bed
-- Bath
1,632 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$108 Per Sq Ft

5% Below List Price

4 Days on Market

About This Home

As of October 2025

This cash-flowing duplex, conveniently located in Southeast Roanoke, offers a promising investment opportunity. The upper unit comprises three bedrooms and one bathroom, currently rented at $1,150. Meanwhile, the lower unit features two bedrooms and one bathroom, most recently leased at $1,025. With a motivated seller, this property is an excellent chance for investors to step into a strong income-producing asset.

Last Agent to Sell the Property

Payne Bowen

KELLER WILLIAMS REALTY ROANOKE License #0225260551 Listed on: 09/08/2025

KELLER WILLIAMS REALTY ROANOKE

Co-Listed By

Michael Belcher

KELLER WILLIAMS REALTY ROANOKE License #0225259605

Last Buyer's Agent

Grant Cockrell

RE/MAX ALL STARS License #0225175737

RE/MAX ALL STARS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,881

Year Built

  • Built in 1928

Lot Details

  • 4,356 Sq Ft Lot

Home Design

  • 1,632 Sq Ft Home
  • Duplex

Schools

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Electric Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 12 / 9

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • Gross Income $13,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,881

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Heating System: Forced Air Gas
  • Type: Multi-Family
  • Has Basement: Partial
  • Cooling System: None
  • CondoAssocYN: No
  • Major Area: 01 - City of Roanoke
  • MiscellaneousInfoPublicTransport: Yes
  • NumberLeasedUnits: 1.00
  • NumberUnfurnished: 2.00
  • Hoa2 Or Poa: No
  • 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: On Street

Utilities

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

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.10
  • Lot: 12
  • Present Use: Converted

Building Info

  • Year Built: 1928

Tax Info

  • Taxes (6 mo): 1881.00

Multi Family

  • Lease Type: One Year
  • 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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Prior Sale
10/29/2025 10/29/25 Sold $176,500 -4.6% $108 / Sq Ft
09/12/2025 09/12/25 Pending -- -- --
09/08/2025 09/08/25 For Sale $185,000 +86.9% $113 / Sq Ft
12/10/2020 12/10/20 Sold $99,000 +16.5% $61 / Sq Ft View Prior Sale
11/24/2020 11/24/20 Pending -- -- --
11/17/2020 11/17/20 For Sale $85,000 +246.9% $52 / Sq Ft
02/12/2016 02/12/16 Sold $24,500 -43.0% $15 / Sq Ft View Prior Sale
01/30/2016 01/30/16 Pending -- -- --
11/26/2015 11/26/15 For Sale $43,000 -- $26 / 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 $2,149 $154,000 $23,100 $130,900
2024 $2,149 $132,300 $18,500 $113,800
2023 $1,881 $106,500 $15,500 $91,000
2022 $1,486 $100,800 $14,100 $86,700
2021 $815 $66,800 $11,200 $55,600
2020 $989 $62,700 $11,200 $51,500
2019 $917 $56,800 $11,200 $45,600
2018 $917 $56,800 $11,200 $45,600
2017 $679 $53,000 $11,200 $41,800
2016 $679 $53,000 $11,200 $41,800
2015 $657 $53,000 $11,200 $41,800
2014 $657 $53,000 $11,200 $41,800
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2025

    Payne Bowen

    KELLER WILLIAMS REALTY ROANOKE

    (276) 768-6830

    2 in this area

    14 Total Sales

    Payne Bowen
    Section Image
  • Michael Belcher

    Seller Co-Listing Agent in 2025

    Michael Belcher

    KELLER WILLIAMS REALTY ROANOKE

    (540) 314-5855

    6 in this area

    235 Total Sales

    Michael Belcher
    Section Image
  • Grant Cockrell

    Buyer's Agent in 2025

    Grant Cockrell

    RE/MAX

    (540) 580-8232

    3 in this area

    194 Total Sales

    Grant Cockrell
    Section Image

  • J

    Seller's Agent in 2020

    Jason Roggensee

    THE GRANDIN AGENCY

    (540) 243-6940

    1 in this area

    53 Total Sales

    Jason Roggensee
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Jacob Price

    EXP REALTY LLC - STAFFORD

    (540) 798-2303

    1 in this area

    29 Total Sales

    Jacob Price
    Section Image

  • J

    Buyer's Agent in 2020

    Jenn Fountain

    NEST REALTY ROANOKE

    (540) 314-0029

    67 Total Sales

    Jenn Fountain
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 920802

Roanoke Valley Association of REALTORS®

APN: 414-1503

Virginia Roanoke City County Roanoke 24013 Morningside

1501 7th St SE, Roanoke, VA

Sold

MultiFamily

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