2

Fallon Multifamily Homes & Duplexes for Sale

Section Image Section Image
  • /2

    $120,000

    • 1,512 Sq Ft

    1508 Church Ave SE, Roanoke, VA 24013

    This fully occupied duplex offers a fantastic opportunity for investors looking to expand their portfolio. The property features two units: a spacious 2-bedroom, 1-bath unit and a cozy 1-bedroom, 1-bath unit--both with long-term tenants in place, providing steady rental income from day one.While the units are in need of some TLC, they offer great potential for value-add improvements and increased

    Agent Photo

    Robert Kern

    REAL BROKER LLC - MCLEAN

    (540) 346-3470

    1508 Church Ave SE, Roanoke, VA 24013
  • /38

    $200,000

    • 1,658 Sq Ft

    1304 Dale Ave SE, Roanoke, VA 24013

    Check out this duplex, with a ton of updates! Both units just vacated at the end of their lease, prior to that they were rented outfor $1,100 each! Each unit has 2 bedrooms, 1 bath and a front porch. Whether you are looking to invest and rent out for units or live in one and rent the other oneout, this property has a lot to offer. Convenient to down town Roanoke and easy transportation. Newer

    Claudia Martinez REAL BROKER LLC - MCLEAN

    1304 Dale Ave SE, Roanoke, VA 24013

Why Live in Fallon

Fallon, located in Southeast Roanoke, has faced economic challenges since the closure of the American Viscose plant in the 1950s. Despite these struggles, the neighborhood is undergoing revitalization with the city investing $1.7 million annually until 2025 to improve housing and infrastructure. Habitat for Humanity is also contributing by building new homes. Fallon Park, one of Roanoke’s largest parks, offers numerous things to do, including an Olympic-sized pool, six pickleball courts, and Virginia’s only permanent cyclocross course. The park also features an ADA-accessible playground and a trailhead for the Tinker Creek Greenway, a mile-long trail ideal for walking, biking, and blading. The annual Virginia’s Blue Ridge Go Cross Cyclocross Race attracts cyclists and spectators for a weekend of races and festivities. The Presbyterian Community Center provides essential services such as a food pantry and after-school programs, with plans to expand its facilities by 2025. Housing in Fallon ranges from historical Folk Victorian and American Foursquare homes to newer constructions, though some properties remain abandoned. The neighborhood offers views of the iconic Roanoke Star on Mill Mountain. While shops and restaurants are limited, essentials are accessible at nearby stores like Walmart Neighborhood Market and Dollar General. Fallon is about a mile from both Downtown Roanoke and Vinton, with Valley Metro bus service available.

Home Trends in Fallon, VA

Housing Trends

Median Sale Price
$980,000
Median 1 Bedroom Sale Price
$980,000
Average Price Per Sq Ft
$1,041
Number of Homes for Sale
0
Last 12 months Home Sales
1
Months of Supply
0.00
Median List Price
$980,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-39%
How to Buy a Home How to Finance a Home How to Sell a Home