NOT LISTED FOR SALE

1502 Gilmer Ave NW Roanoke, VA 24017

Loudon-Melrose Neighborhood
6 Beds
3 Baths
2,030 Sq Ft
4,792 Sq Ft Lot

Last Sold June 02, 2022

Last sale price $160,000 $79 Per Sq Ft

7 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • 4-minute walk to Melrose Park
  • Central Air

About This Home

As of June 2022

WONDERFUL INVESTMENT TRI-PLEX OR LIVE IN ONE AND RENT TWO OUT...ALL UNIT'S FEATURE 2BRs, 1BA WITH LAUNDRY. TWO UNITS CURRENTLY RENTED - APT B AT $508/MO AND APT C (REAR) AT $558/MO. UNIT A NEEDS COSMETIC WORK & IS UNOCCUPIED. TENANTS PAY ELECTRIC AND $8 TRASH FEE...OWNER PAYS WATER/ SEWER/LAWN.

Last Agent to Sell the Property

Jerry Cohen

PARK PLACE REALTY INC License #0225049016 Listed on: 04/25/2022

Last Buyer's Agent

Derek Duncan

EXP REALTY LLC - STAFFORD License #0225245678

EXP REALTY LLC - STAFFORD

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $710

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 40 x 120

Parking

  • 4 Parking Spaces

Home Design

  • 2,030 Sq Ft Home
  • Triplex
  • Brick Exterior Construction

Schools

  • Roanoke Academy Of Math And Science Elementary School
  • Lucy Addison Middle School
  • Patrick Henry High School

Utilities

  • Central Air
  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Basement

Listing and Financial Details

  • Tenant pays for electricity, heating, trash disposal
  • Legal Lot and Block 18 / 27

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Leased Units
  • Maintenance Expense $360
  • Water Sewer Expense $960
  • Operating Expense $1,320
  • Gross Income $18,888
  • Net Operating Income $17,568

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$710

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Heating System: Baseboard Electric
  • Type: Multi-Family
  • Has Basement: Other - See Remarks
  • Cooling System: Central Cooling
  • CondoAssocYN: No
  • Internet Access: Cable
  • Major Area: 01 - City of Roanoke
  • MiscellaneousInfoPublicTransport: Yes
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 3.00
  • NumberVehicleSpaces: 4.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2022-05-02
  • TotalAnnualExpen: 1320.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Expenses Water Exp: 960.00
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Current Lease

Schools

  • Elementary School: Roanoke Academy of Math and Science
  • Middle School: Lucy Addison
  • High School: Patrick Henry

Lot Info

  • Lot Dimensions: 40 X 120
  • Property Group Id: 19990816212116581394000000
  • Lot: 18

Building Info

  • Year Built: 1920

Tax Info

  • Taxes (6 mo): 710.00
  • FILLTAXID: 2211510

Multi Family

  • Tenant Pays: Electricity, Heating, Trash Disposal
  • Units In Building: 3.00
  • Multi Family Type: Triplex

MLS Schools

  • Elementary School: Roanoke Academy of Math and Science
  • HighSchool: Patrick Henry
  • Middle School: Lucy Addison

Range of Values:

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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
06/02/2022 06/02/22 Sold $160,000 +18.5% $79 / Sq Ft
05/02/2022 05/02/22 Pending -- -- --
04/25/2022 04/25/22 For Sale $135,000 -- $67 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jerry Cohen

    PARK PLACE REALTY INC

    (540) 520-8698

    1 in this area

    87 Total Sales

    Section Image

  • D

    Buyer's Agent in 2022

    Derek Duncan

    EXP REALTY LLC - STAFFORD

    (540) 793-0482

    1 in this area

    46 Total Sales

    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 888880

Roanoke Valley Association of REALTORS®

APN: 221-1510

Virginia Roanoke City County Roanoke 24017 Loudon-Melrose

1502 Gilmer Ave NW, Roanoke, VA

This home is located at 1502 Gilmer Ave NW, Roanoke, VA 24017 since 25 April 2022. This property was built in 1920. 1502 Gilmer Ave NW is a home located in Roanoke City with nearby schools including Roanoke Academy for Math & Science Elementary School, Lucy Addison 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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