$75,000
SOLD MAR 16, 2020

807 Patterson Ave SW Roanoke, VA 24016

West End Neighborhood
-- Bed
-- Bath
2,640 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$28 Per Sq Ft

21% Below List Price

524 Days on Market

About This Home

As of March 2020

This income producing duplex is located in Roanoke's West End, a redeveloping urban neighborhood close to the Jefferson Center, restaurants, breweries and downtown. A new roof in 2017 and large lot size make this a great rehab opportunity, and MX zoning allows for live/work space or up to three apartments. Historic rehabilitation tax credits available. Rents are currently $600 downstairs and $650 upstairs,, with owner paying gas bill.

Last Agent to Sell the Property

James Settle

WAINWRIGHT & CO., REALTORS(r) License #0225237067 Listed on: 09/11/2018

Last Buyer's Agent

Tracy Davis

STOVER DAVIS REALTY & ASSOCIATES LLC License #0225041604

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $887

Year Built

  • Built in 1900

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50x153

Parking

  • 2 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • 2,640 Sq Ft Home
  • Partial Basement

Schools

  • Wasena Elementary School
  • James Madison Middle School
  • Patrick Henry High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 44

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Insurance Expense $400
  • Water Sewer Expense $1,200
  • New Taxes Expense $887
  • Operating Expense $4,820
  • Gross Income $15,600
  • Net Operating Income $10,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$887

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Heating System: Forced Air Gas
  • Type: Multi-Family
  • Has Basement: Partial Basement
  • Cooling System: No Cooling System
  • ExpensesTaxExp: 886.94
  • Major Area: 01 - City of Roanoke
  • MiscellaneousInfoPublicTransport: Yes
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • NumberVehicleSpaces: 2.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2020-02-17
  • SubdivisionMap: Taylor Lands
  • TotalAnnualExpen: 4820.00
  • 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: 1200.00
  • Water Description: Public Water
  • Water Heater Type: Tank

Schools

  • Elementary School: Wasena
  • Middle School: James Madison
  • High School: Patrick Henry

Lot Info

  • Lot Dimensions: 50x153
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.18
  • Lot: 44
  • ZoningCode: MX

Building Info

  • Year Built: 1900

Tax Info

  • Taxes (6 mo): 886.94
  • FILLTAXID: 1112217

Multi Family

  • Lease Type: One Year
  • Tenant Pays: Electricity
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Wasena
  • HighSchool: Patrick Henry
  • Middle School: James Madison

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
06/20/2025 06/20/25 Price Changed $164,709 -2.0% $62 / Sq Ft
05/18/2025 05/18/25 Price Changed $168,070 -2.0% $64 / Sq Ft
04/11/2025 04/11/25 Price Changed $171,500 -2.0% $65 / Sq Ft
03/17/2025 03/17/25 For Sale $175,000 +133.3% $66 / Sq Ft
03/16/2020 03/16/20 Sold $75,000 -21.1% $28 / Sq Ft
02/17/2020 02/17/20 Pending -- -- --
09/11/2018 09/11/18 For Sale $95,000 -- $36 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 852325

Roanoke Valley Association of REALTORS®

APN: 111-2217