$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 - FREDERICKSBURG 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

Similar Home in Roanoke, VA

  • 2415 Longview Ave SW Unit 1, Roanoke, VA 24014

    $115,000

    • 1 Bed
    • 1 Bath
    • 550 Sq Ft
    • 2415 Longview Ave SW
    • Unit 1
    • Roanoke, VA

    Condo in South Roanoke. One bedroom, one bath, recent heat pump, recent wood floors, updated kitchen and bath. Parking in rear of building. Enter from the rear.

    Paul Dotson WAINWRIGHT & CO., REALTORS(r)

    Section Image
See All Homes in Roanoke

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
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

    170 Total Sales

    Michael Belcher
    Section Image

  • J

    Seller's Agent in 2020

    Jason Roggensee

    THE GRANDIN AGENCY

    (540) 243-6940

    2 in this area

    61 Total Sales

    Jason Roggensee
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Jacob Price

    EXP REALTY LLC - FREDERICKSBURG

    (540) 798-2303

    2 in this area

    42 Total Sales

    Jacob Price
    Section Image

  • J

    Buyer's Agent in 2020

    Jenn Fountain

    NEST REALTY ROANOKE

    (540) 314-0029

    1 in this area

    79 Total Sales

    Jenn Fountain
    Section Image

  • B

    Seller's Agent in 2016

    Bonnie Hall

    GRACIOUS LIVING REALTY

    (540) 309-7565

    3 in this area

    112 Total Sales

    Bonnie Hall
    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.

Nearby Homes