$357,653

506 Highland Ave SW Roanoke, VA 24016

Old Southwest Neighborhood

Estimated payment $2,171/month

Total Views 4,895
-- Bed
-- Bath
5,756 Sq Ft
$62 Price per Sq Ft

About This Home

Good investment property, 2 units are occupied and 2 units are vacant, onsite coin laundry.

Listing Agent

Courtnee Bishop

MKB, REALTORS(r) License #0225249700 Listed on: 05/02/2025

MKB, REALTORS(r)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,198

Year Built

  • Built in 1924

Lot Details

  • Lot Dimensions are 50 x 130

Home Design

  • 5,756 Sq Ft Home
  • Brick Exterior Construction

Parking

  • 2 Parking Spaces
  • On-Street Parking

Schools

  • Highland Park Elementary School
  • James Madison Middle School
  • Patrick Henry High School

Utilities

  • Window Unit Cooling System
  • Radiator

Additional Features

  • Basement

Listing and Financial Details

  • Legal Lot and Block 12 / 1

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Gishland Subdivision

Building Details

  • 2 Leased Units
  • Operating Expense $5,004
  • Gross Income $17,647
  • Net Operating Income $12,643

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,198

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Heating System: Radiator Gas Heat
  • Type: Multi-Family
  • Has Basement: Other - See Remarks
  • Cooling System: Window A/C
  • CondoAssocYN: No
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 4.00
  • NumberVehicleSpaces: 2.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 5004.00
  • Water Class: N/A
  • 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

Schools

  • Elementary School: Highland Park
  • Middle School: James Madison
  • High School: Patrick Henry

Lot Info

  • Lot Dimensions: 50 x 130
  • Property Group Id: 19990816212116581394000000
  • Lot: 12

Building Info

  • Year Built: 1924

Tax Info

  • Taxes (6 mo): 3197.82
  • FILLTAXID: 1121210

Multi Family

  • Tenant Pays: Electricity
  • Units In Building: 4.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Highland Park
  • HighSchool: Patrick Henry
  • Middle School: James Madison

Map

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
09/03/2025 09/03/25 Price Changed $357,653 -2.0% $62 / Sq Ft
08/08/2025 08/08/25 Price Changed $364,952 -2.0% $63 / Sq Ft
06/20/2025 06/20/25 Price Changed $372,400 -2.0% $65 / Sq Ft
05/02/2025 05/02/25 For Sale $380,000 -- $66 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Source: Roanoke Valley Association of REALTORS®

MLS Number: 916867

Roanoke Valley Association of REALTORS®

APN: 112-1210

Virginia Roanoke City County Roanoke 24016 Old Southwest

506 Highland Ave SW, Roanoke, VA

This home is located at 506 Highland Ave SW, Roanoke, VA 24016 and is currently priced at $357,653, approximately $62 per square foot. This property was built in 1924. 506 Highland Ave SW is a home located in Roanoke City with nearby schools including Wasena Elementary School, James Madison 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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Listing Agent
Courtnee Bishop
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MKB, REALTORS(r)
(540) 501-7909