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Gilmer Multifamily Home for Sale

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    $170,000

    • 1,824 Sq Ft

    1012 Loudon Ave NW, Roanoke, VA 24016

    This well-located duplex is ready to be added to your investment portfolio! Conveniently situated to downtown and other amenities, this property offers great rental potential. Unit A (upper unit): 2 beds, 1 bathroom, 912 sq ft - Currently rented at $900 per month. Unit B (lower unit): 1 bed, 1 bathroom, 912 sq ft - Vacant and ready for new tenants! Pictures are of the Upper unit just prior to

    Laura Bachmann REAL BROKER LLC - MCLEAN

    1012 Loudon Ave NW, Roanoke, VA 24016

Why Live in Gilmer

Gilmer, a central neighborhood in Roanoke, emphasizes community connections and services, supported by organizations like the Northwest Neighborhood Environmental Organization and The Hope Center. The Hope Center is a volunteer-led community hub that organizes block parties, food and clothing donations, and educational programs. Historic homes from the late 1800s, built for railroad workers, and mid-1900s duplexes characterize the residential architecture, with single-family homes on small lots. The neighborhood's industrial history is evident with the Norfolk Southern Railroad Yard to the south and various industrial services. While Gilmer lacks extensive retail options, it features Twisted Track Brewpub for dining, and residents often head a mile southeast to downtown Roanoke for a broader restaurant scene, including Jack Brown’s and Alejandro’s Mexican Grill. For shopping, Valley View Mall is about 4 miles north. Loudon Park offers a playground and basketball court, while nearby Washington Park provides access to the Lick Run Greenway for outdoor activities. Schools in the area include Highland Park Elementary, James Madison Middle, and Patrick Henry High, all with decent ratings. Public transportation is accessible via Valley Metro bus routes, and major highways like Interstate 581 and Interstate 81 are nearby. The Roanoke-Blacksburg Regional Airport is approximately 4 miles north, facilitating longer trips.

Home Trends in Gilmer, VA

Housing Trends

Median Sale Price
$190,000
Median Single Family Sale Price
$129,750
Average Price Per Sq Ft
$91
Number of Homes for Sale
3
Last 12 months Home Sales
4
Months of Supply
9.00
Median List Price
$129,750
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
43%
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