$395,000

5522 Crestwood Dr Unit 5524 Roanoke, VA 24018

Cave Spring Neighborhood

Estimated payment $2,278/month

Total Views 4,541
-- Bed
-- Bath
2,100 Sq Ft
$188 Price per Sq Ft

About This Home

Investor opportunity in Southwest Roanoke! This well-kept duplex offers two spacious 2BR/1.5BA units, each featuring in-unit laundry, private driveway parking, and back patios. Both units are tenant-occupied, providing immediate rental income with strong occupancy history. The property sits on a 0.26-acre lot in a quiet cul-de-sac. Located near Starkey Rd, Electric Rd, and Tanglewood Mall for shopping, dining, and major commuter routes. Located in the desirable Cave Spring school district, this property combines steady cash flow with long-term growth potential.

Listing Agent

Jason Fountain

VRC PROPERTIES LLC License #0225077081 Listed on: 09/27/2025

Co-Listing Agent

Steve Zegarski

VRC PROPERTIES LLC License #0225245213

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,485

Year Built

  • Built in 1999

Home Design

  • 2,100 Sq Ft Home
  • Duplex
  • Brick Exterior Construction
  • Slab Foundation

Schools

  • Penn Forest Elementary School
  • Cave Spring Middle School
  • Cave Spring High School

Additional Features

  • 0.26 Acre Lot
  • Heat Pump System

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Insurance Expense $1,025
  • Maintenance Expense $2,304
  • New Taxes Expense $2,485
  • Operating Expense $6,560
  • Gross Income $24,000
  • Net Operating Income $16,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,485

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Central Air
  • CondoAssocYN: No
  • ExpensesTaxExp: 2485.00
  • Major Area: 02 - Roanoke County
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 6560.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.26
  • ZoningCode: R-2

Building Info

  • Year Built: 1999

Tax Info

  • Taxes (6 mo): 2485.00

Multi Family

  • Tenant Pays: All Utilities
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Penn Forest
  • HighSchool: Cave Spring
  • Middle School: Cave Spring

Map

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,641 $256,400 $40,000 $216,400
2024 $2,485 $238,900 $40,000 $198,900
2023 $2,369 $223,500 $40,000 $183,500
2022 $2,140 $196,300 $36,000 $160,300
2021 $2,047 $187,800 $36,000 $151,800
2020 $1,985 $182,100 $35,500 $146,600
2019 $1,948 $178,700 $35,500 $143,200
2018 $1,876 $173,700 $35,500 $138,200
2017 $1,876 $172,100 $35,500 $136,600
2016 $1,876 $172,100 $35,500 $136,600
2015 $1,857 $170,400 $35,500 $134,900
2014 $1,856 $170,300 $35,500 $134,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/22/2025 10/22/25 Price Changed $395,000 -4.8% $188 / Sq Ft
09/27/2025 09/27/25 For Sale $415,000 +96.2% $198 / Sq Ft
09/22/2020 09/22/20 Sold $211,500 -6.0% $101 / Sq Ft View Prior Sale
07/31/2020 07/31/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $225,000 -- $107 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $211,500 Virginia Title Center
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $158,625 New Conventional
Source: Public Records

Source: Roanoke Valley Association of REALTORS®

MLS Number: 921443

Roanoke Valley Association of REALTORS®

APN: 087.14-06-02

Virginia Roanoke County Roanoke 24018 Cave Spring

5522 Crestwood Dr Unit 5524, Roanoke, VA

For Sale

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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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Jason Fountain
Listing Agent
Jason Fountain
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VRC PROPERTIES LLC
(540) 660-7112