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Gainsboro Multifamily Homes & Duplexes for Sale

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    $176,000

    • 1,768 Sq Ft

    414 Harrison Ave NW, Roanoke, VA 24016

    Occupied, A - Lease end 2/28/27, B - MTM

    Courtnee Bishop MKB, REALTORS(r)

    414 Harrison Ave NW, Roanoke, VA 24016
  • /2

    $176,000

    • 1,871 Sq Ft

    224 Gilmer Ave NW, Roanoke, VA 24016

    Occupied, A - Lease ends 2/28/26, B - MTM

    Courtnee Bishop MKB, REALTORS(r)

    224 Gilmer Ave NW, Roanoke, VA 24016
  • /2

    $34,900

    • 1,616 Sq Ft

    120 Patton Ave NW, Roanoke, VA 24016

    CALLING ALL INVESTORS! This Could be your DIAMOND in the ROUGH! Priced $25,000 Below Tax Assessed Value! Property is currently uninhabitable and has been vacant for several years. Located a couple blocks from Downtown Roanoke, Transportation, Restaurants and Shops. Great Views! SOLD ''AS-IS'' ''WHERE-IS''

    Kathy Chandler MKB, REALTORS(r)

    120 Patton Ave NW, Roanoke, VA 24016
  • /2

    $170,826

    • 2,000 Sq Ft

    404 Harrison Ave NW, Roanoke, VA 24016

    Income producing property! Tri-Plex. Long-term tenants. Seller pays water/sewer. Close to downtown.

    Courtnee Bishop MKB, REALTORS(r)

    404 Harrison Ave NW, Roanoke, VA 24016

Why Live in Gainsboro

Gainsboro, the oldest neighborhood in Roanoke, is rich in history and cultural significance, particularly as a hub for Black connection and advocacy during segregation. Key historical sites include the Gainsboro Branch Library, Burrell Memorial Hospital, and Hotel Dumas, which hosted legendary musicians like Louis Armstrong and Ella Fitzgerald. Today, the neighborhood remains a focal point for community events and resources, with the Gainsboro Neighborhood Organization actively working to preserve its heritage. Residents enjoy proximity to downtown Roanoke, just a mile south, where they can explore a variety of dining options, including Alejandro's Mexican Grill and Martin’s Downtown, as well as the Roanoke Co+op for local produce. Gainsboro features historic architecture, with homes dating back to the late 1800s and early 1900s, including cottages, American Foursquares, and duplexes. The area is on the city's list for home rehabilitation projects, aiming to boost homeownership. The Gainsboro Library, a community pillar, offers a collection of Black literature and hosts events celebrating Black history. The neighborhood's annual block party, sponsored by Coca-Cola, is a highlight, featuring fashion shows, raffles, and food vendors. Entranceway Park and the Lick Run Greenway provide green spaces, with the latter connecting residents to Washington Park, known for its athletic courts and upcoming pool renovation. Gainsboro Road, the main corridor, is set for pedestrian and cyclist-friendly improvements by 2025. The neighborhood is well-connected, with Valley Metro bus stops and access to Interstate 581. For longer trips, the Roanoke-Blacksburg Regional Airport is 4 miles northwest, and the Roanoke Amtrak station is about half a mile south.

Home Trends in Gainsboro, VA

Housing Trends

Median Sale Price
$125,000
Median Single Family Sale Price
$140,000
Median Townhouse Sale Price
$299,950
Average Price Per Sq Ft
$118
Number of Homes for Sale
8
Last 12 months Home Sales
11
Months of Supply
8.70
Median List Price
$139,950
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-32%
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