$99,000
SOLD DEC 10, 2020

1501 7th St SE Roanoke, VA 24013

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

Recently Sold

$61 Per Sq Ft

16% Above List Price

7 Days on Market

About This Home

As of December 2020

Cash flowing duplex in SE Roanoke. Both units are occupied on 12-month leases and have performing tenants. Upper unit is a 3 bed 1 bath and is currently rented at $649 The lower unit is a 2 bed 1 bath and is currently rented at $599.

Last Agent to Sell the Property

Jason Roggensee

THE GRANDIN AGENCY License #0225217008 Listed on: 11/17/2020

Co-Listed By

Jacob Price

EXP REALTY LLC - STAFFORD License #0225234352

Last Buyer's Agent

Jenn Fountain

NEST REALTY ROANOKE License #0225206250

NEST REALTY ROANOKE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $693

Year Built

  • Built in 1928

Lot Details

  • Lot Dimensions are 40x105

Parking

  • On-Street Parking

Home Design

  • Duplex

Interior Spaces

  • 1,632 Sq Ft Home
  • Partial Basement

Schools

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

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

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Operating Expense $1,797
  • Gross Income $14,976
  • Net Operating Income $13,179

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$693

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Heating System: Forced Air Gas
  • Type: Multi-Family
  • Has Basement: Partial Basement
  • Cooling System: Window A/C
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 2.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2020-11-24
  • SubdivisionMap: RIV DEV CORP
  • TotalAnnualExpen: 1797.12
  • 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: Street

Utilities

  • Sewer Description: Public Sewer
  • 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: 40x105
  • Property Group Id: 19990816212116581394000000
  • Lot: 12

Building Info

  • Year Built: 1928

Tax Info

  • Taxes (6 mo): 692.96
  • FILLTAXID: 4141503

Multi Family

  • Lease Type: One Year
  • 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:

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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 Change Sq Ft Price
08/01/2025 08/01/25 Price Changed $195,000 -9.3% $119 / Sq Ft
07/04/2025 07/04/25 Price Changed $214,999 -2.3% $132 / Sq Ft
03/05/2025 03/05/25 For Sale $220,000 +122.2% $135 / Sq Ft
12/10/2020 12/10/20 Sold $99,000 +16.5% $61 / Sq Ft
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
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

Agents Affiliated with this Home

  • Michael Belcher

    Seller's Agent in 2025

    Michael Belcher

    KELLER WILLIAMS REALTY ROANOKE

    (540) 314-5855

    4 in this area

    185 Total Sales

    Section Image

  • J

    Seller's Agent in 2020

    Jason Roggensee

    THE GRANDIN AGENCY

    (540) 243-6940

    2 in this area

    58 Total Sales

    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Jacob Price

    EXP REALTY LLC - STAFFORD

    (540) 798-2303

    2 in this area

    39 Total Sales

    Section Image

  • J

    Buyer's Agent in 2020

    Jenn Fountain

    NEST REALTY ROANOKE

    (540) 314-0029

    1 in this area

    74 Total Sales

    Section Image

  • B

    Seller's Agent in 2016

    Bonnie Hall

    GRACIOUS LIVING REALTY

    (540) 309-7565

    2 in this area

    104 Total Sales

    Section Image

  • N

    Buyer's Agent in 2016

    Non Member Transaction Agent

    Non-Member Transaction Office

See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 875160

Roanoke Valley Association of REALTORS®

APN: 414-1503

Virginia Roanoke City County Roanoke 24013 Morningside

1501 7th St SE, Roanoke, VA

This home is located at 1501 7th St SE, Roanoke, VA 24013 and is currently priced at $99,000, approximately $60 per square foot. This property was built in 1928. 1501 7th 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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