$224,950
PENDING

520 Riverland Rd SE Roanoke, VA 24014

Riverland-Walnut Hill Neighborhood

Estimated payment $1,344/month

Total Views 517
-- Bed
-- Bath
1,506 Sq Ft
$149 Price per Sq Ft

Highlights

  • No HOA
  • Breakfast Area or Nook
  • Baseboard Heating
  • Crystal Spring Elementary School Rated A-
  • Storage

About This Home

Prime investment opportunity just a mile to Carilion Roanoke Memorial Hospital and minutes to South Roanoke, downtown amenities, retail, and the Greenway. This classic up/down duplex offers two vacant 2BR/1BA units with strong income potential and flexible rental strategies. The location creates natural demand for mid-term stays from medical professionals and visitors needing short stays close to the hospital. Simple layouts, low upkeep, and multiple revenue paths give this property a standout upside for a focused investment approach. Income options include mid-term stays, furnished rentals, and Airbnb-style hosting due to location advantages.

Listing Agent

Kathy Chandler

MKB, REALTORS(r) License #0225072523 Listed on: 12/10/2025

MKB, REALTORS(r)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,943

Year Built

  • Built in 1924

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1,506 Sq Ft Home
  • Storage
  • Breakfast Area or Nook
  • Basement

Schools

  • Crystal Spring Elementary School
  • James Madison Middle School
  • Patrick Henry High School

Utilities

  • Radiator
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 5 / 7

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,943

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Interior Features: Breakfast Area, Ceiling Fan(s), Storage
  • Heating System: Baseboard Electric, Radiator Gas Heat
  • Type: Multi-Family
  • Has Basement: Full
  • Cooling System: Window Unit(s)
  • CondoAssocYN: No
  • Major Area: 01 - City of Roanoke
  • MiscellaneousInfoPublicTransport: Yes
  • NumberUnfurnished: 2.00
  • Hoa2 Or Poa: No
  • SubdivisionMap: Walnut Hill & Rive
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Other - See Remarks

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.16
  • Lot: 5
  • ZoningCode: RM-1

Building Info

  • Year Built: 1924

Tax Info

  • Taxes (6 mo): 1943.00

Multi Family

  • Tenant Pays: Other - See Remarks
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Crystal Spring
  • HighSchool: Patrick Henry
  • Middle School: James Madison

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
12/16/2025 12/16/25 Pending -- -- --
12/10/2025 12/10/25 For Sale $224,950 -- $149 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Source: Roanoke Valley Association of REALTORS®

MLS Number: 923348

Roanoke Valley Association of REALTORS®

APN: 403-1012

Virginia Roanoke City County Roanoke 24014 Riverland-Walnut Hill

520 Riverland Rd SE, Roanoke, VA

Pending

MultiFamily

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Kathy Chandler
Listing Agent
Kathy Chandler
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MKB, REALTORS(r)
(540) 517-6307