$361,000
SOLD AUG 26, 2025

602 Allison Ave SW Roanoke, VA 24016

Old Southwest Neighborhood
-- Bed
-- Bath
2,700 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$134 Per Sq Ft

2% Below List Price

59 Days on Market

Highlights

  • Mountain View
  • Skylights
  • Storage
  • No HOA
  • Walk-In Closet
  • Property is near schools

About This Home

As of August 2025

Well-kept Triplex situated on corner lot in the heart of Old Southwest! One block from Highland Park & close to Greenway, DT & Carilion Med Center. Unit 1 ($1250; mo2mo) 1 BR/1 BA, 1200 SF on entire 1st floor w/ high ceilings & hardwood floors. Kitchen equipped with LVP (2022), dishwasher & pantry. Unit 2 ($1000; mo2mo) 2 BR/2 Full BA includes a primary suite w/ new toilet (Dec 2024). Unit 3 ($950; mo2mo) 1 BR/1 BA plus finished attic space & kitchen with dishwasher. Full walkout bsmt has common use Washer-Dryer (2023) & tons of storage. Updates include: NEW Gas Boiler & Power Vent Water Heater (Dec 2024), Int/Ext Painting (2022, 2025), Deck Repairs (2025). Strong income producer perfect for Investor or Owner Occupant!

Last Agent to Sell the Property

KELLI L EAGLE

PARK PLACE REALTY INC License #0225185762 Listed on: 05/27/2025

Co-Listed By

Brittney Sherry

PARK PLACE REALTY INC License #0225227524

Last Buyer's Agent

Jeremy Phillips

BERKSHIRE HATHAWAY HOMESERVICES DAWSON FORD GARBEE & CO, REALTORS(r) License #0225211875

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,605

Year Built

  • Built in 1914

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x130

Parking

  • On-Street Parking

Home Design

  • Triplex

Interior Spaces

  • Walk-In Closet
  • 2,700 Sq Ft Home
  • Ceiling Fan
  • Skylights
  • Storage
  • Mountain Views

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Location

  • Property is near schools

Schools

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

Utilities

  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 16 / 7 E B & I

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Old Southwest Subdivision

Building Details

  • 3 Leased Units
  • Maintenance Expense $6,280
  • Other Expense $2,500
  • Water Sewer Expense $820
  • New Taxes Expense $3,600
  • Operating Expense $15,000
  • Gross Income $38,400
  • Net Operating Income $23,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,605

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan, Skylight, Storage, Walk-in-Closet
  • Heating System: Radiator Gas Heat
  • Type: Multi-Family
  • Has Basement: Walkout - Full
  • Cooling System: Window A/C
  • Views: Mountain, Sunrise
  • CondoAssocYN: No
  • ExpensesGasExp: 1800.00
  • ExpensesOtherExp: 2500.00
  • ExpensesTaxExp: 3600.00
  • Major Area: 01 - City of Roanoke
  • MiscellaneousInfoPublicTransport: Yes
  • NumberLeasedUnits: 3.00
  • NumberUnfurnished: 3.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 15000.00
  • Water Class: N/A
  • Water Heater Energy: Natural Gas
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Street

Utilities

  • Sewer Description: Public Sewer
  • Expenses Water Exp: 820.00
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Walk to School

Lot Info

  • Lot Dimensions: 50x130
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.15
  • Lot: 16
  • Present Use: Converted
  • ZoningCode: RM-1

Building Info

  • Year Built: 1914

Tax Info

  • Taxes (6 mo): 3605.00

Multi Family

  • Lease Type: Month-to-Month, Renewable Option
  • Tenant Pays: Electricity
  • Units In Building: 3.00
  • Multi Family Type: Triplex

MLS Schools

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

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2025 08/26/25 Sold $361,000 -2.2% $134 / Sq Ft
07/25/2025 07/25/25 Pending -- -- --
05/27/2025 05/27/25 For Sale $369,000 +27.2% $137 / Sq Ft
04/30/2021 04/30/21 Sold $290,000 0.0% $121 / Sq Ft View Prior Sale
03/20/2021 03/20/21 Pending -- -- --
01/28/2021 01/28/21 For Sale $289,950 +23.4% $121 / Sq Ft
05/30/2017 05/30/17 Sold $235,000 0.0% $78 / Sq Ft View Prior Sale
04/13/2017 04/13/17 Pending -- -- --
03/03/2017 03/03/17 For Sale $234,950 -- $78 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2025

    KELLI L EAGLE

    PARK PLACE REALTY INC

    (540) 815-2225

    12 in this area

    47 Total Sales

    KELLI L EAGLE
    Section Image
  • Brittney Sherry

    Seller Co-Listing Agent in 2025

    Brittney Sherry

    PARK PLACE REALTY INC

    (540) 342-1010

    4 in this area

    8 Total Sales

    Brittney Sherry
    Section Image
  • Jeremy Phillips

    Buyer's Agent in 2025

    Jeremy Phillips

    BERKSHIRE HATHAWAY HOMESERVICES DAWSON FORD GARBEE & CO, REALTORS(r)

    (434) 221-8196

    1 in this area

    166 Total Sales

    Jeremy Phillips
    Section Image
  • Derek Hicks

    Seller's Agent in 2021

    Derek Hicks

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 330-6126

    8 in this area

    50 Total Sales

    Derek Hicks
    Section Image
  • Matthew Zimmerman

    Seller Co-Listing Agent in 2021

    Matthew Zimmerman

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 759-1884

    8 in this area

    37 Total Sales

    Matthew Zimmerman
    Section Image

  • T

    Seller's Agent in 2017

    Tracy Davis

    STOVER DAVIS REALTY & ASSOCIATES LLC

    (540) 293-0680

    57 Total Sales

    Tracy Davis
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 917697

Roanoke Valley Association of REALTORS®

APN: 113-1314

Virginia Roanoke City County Roanoke 24016 Old Southwest

602 Allison Ave SW, Roanoke, VA

Sold

MultiFamily

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