Investment - Homes for Sale in Roanoke, VA

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  /20

  $135,000

  • 2 Beds
  • 1 Bath
  • 1,064 Sq Ft

  1305 Penmar Ave SE, Roanoke, VA 24013

  Investment property available in Roanoke, Va! Currently rented, this is a home that's has instant income upon purchase. 2 bedroom 1 bath, with an additional room off a bedroom that could be used as an additional bedroom. Dining room and large open living area. High ceilings and wood floors throughout. A full attic that is currently unfinished but could be finished to be usable space. Newer

  Danielle Dillon U/C BLUE RIDGE LAND & AUCTION CO INC- FLOYD

  1305 Penmar Ave SE, Roanoke, VA 24013
• Explore Roanoke

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  /3

  $10,000

  • Land
  • 0.11 Acre
  • $90,909 per Acre

  0 Campbell Ave SE, Roanoke, VA 24013

  0.11-acre residential lot near Downtown Roanoke, the interstate, and Carilion. Located in an active investment area. Zoned RM-1, allowing for single-family, two-family, townhouse, or multifamily development.

  Ashley Canty REAL BROKER LLC - MCLEAN

  0 Campbell Ave SE, Roanoke, VA 24013
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  /28

  $125,000

  • 2 Beds
  • 1 Bath
  • 1,225 Sq Ft

  1622 Aspen St NW, Roanoke, VA 24017

  2-bedroom home on a generous lot -- Solid bones and a flexible floorplan make this a perfect starter home or investment: update the kitchen and baths, add a primary suite, or build out for extra living space. Large yard offers room for gardening, workshop, or future expansion; driveway/garage and mature landscaping complete the package. Great canvas for buyers looking to add value and personalize.

  Damon Gettier REAL BROKER LLC - DGA-SALEM

  1622 Aspen St NW, Roanoke, VA 24017
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  /32

  $254,900

  • 1 Bed
  • 1 Bath
  • 912 Sq Ft

  400 Salem Ave SW Unit 1F, Roanoke, VA 24016

  Welcome to low-maintenance, urban living at its finest! This stylish 1-bedroom, 1-bath condo at 400 Salem Ave Unit 1F offers a modern, industrial feel with sleek concrete floors and an open, one-level layout designed for easy living. The kitchen features stainless steel appliances, perfect for both everyday use and entertaining. Enjoy the convenience of being just steps away from local

  Mitch Jearls MKB, REALTORS(r)

  400 Salem Ave SW Unit 1F, Roanoke, VA 24016
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  /2

  $125,000

  • 3 Beds
  • 1 Bath
  • 1,068 Sq Ft

  1238 Dale Ave SE, Roanoke, VA 24013

  Great investment opportunity for this 3 bed 1 bath. Located in South East Roanoke. Will be vacant by 04/01/2026.

  Clay Jamieson POINT MANAGEMENT LLC

  1238 Dale Ave SE, Roanoke, VA 24013
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  /8

  $105,000

  • 3 Beds
  • 1 Bath
  • 884 Sq Ft

  1102 Tazewell Ave SE, Roanoke, VA 24013

  Great investment opportunity for this 2 bed 1 bath. Located in South East Roanoke and currently occupied by a resident with a lease in place until 01/31/2027.

  Clay Jamieson POINT MANAGEMENT LLC

  1102 Tazewell Ave SE, Roanoke, VA 24013
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  /3

  $189,000

  • 3 Beds
  • 1 Bath
  • 1,174 Sq Ft

  2416 Brandon Ave SW, Roanoke, VA 24015

  The seller is offering a $2,000 allowance towards closing costs and or improvements of the purchasers choice! Don't miss this investment opportunity featuring a 3-bedroom, 1-bath brick and stone home with a basement and strong rental potential. This solid brick home offers classic curb appeal and durability, plus a new roof installed in October 2025 for added peace of mind. The property is

  Tina Friar KELLER WILLIAMS REALTY LYNCHBURG

  2416 Brandon Ave SW, Roanoke, VA 24015
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  /13

  $129,950

  • 3 Beds
  • 1 Bath
  • 1,350 Sq Ft

  3938 Virginia Ave NW, Roanoke, VA 24017

  MOVE IN READY! FRESHLY PAINTED AND REPLACEMENT WINDOWS. NEW LVP FLOORS - FORCED AIR GAS HEAT - THREE BEDROOMS AND ONE FULL BATHROOM - CLOSE TO RESTAURANTS, PUBLIC TRANSPORTATION, AND GROCERY STORES - GREAT FIRST HOME OR INVESTMENT PROPERTY!

  Brad Thomas MOUNTAIN VIEW REAL ESTATE LLC

  3938 Virginia Ave NW, Roanoke, VA 24017
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  /13

  $38,000

  • Land
  • 0.3 Acre
  • $126,667 per Acre

  0 Archbold Ave NE Unit 925036, Roanoke, VA 24012

  3 LOTS ZONED MULTIFAMILY! Outstanding investment and development opportunity in Northeast Roanoke! This offering includes three vacant lots totaling approximately 0.303 acres on Archbold Avenue, each featuring approximately 40 feet of road frontage. Zoned RM-1 (Residential Multi-Family) within Roanoke City, the property presents excellent potential for multifamily construction or long-term

  Brittany Barlow FIRST CHOICE REAL ESTATE LLC - HARDY

  0 Archbold Ave NE Unit 925036, Roanoke, VA 24012
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  /5

  $41,900

  • Land
  • 0.24 Acre
  • $174,583 per Acre

  0 Florist Rd, Roanoke, VA 24012

  ***PRICE IMPROVEMENT*** Price: $41,900 (near tax assessment).$2,000 incentive for buyers with a quick close.Great opportunity to own a 0.24-acre buildable lot (10,569 sq ft) on Florist Rd with an impressive 131 ft of road frontage - offering more space and flexibility than most city lots.R-7 zoning - ideal for residential development. Large, usable lot layout.Located in an established

  Cathy Reynolds BPRE

  0 Florist Rd, Roanoke, VA 24012
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  /3

  $22,400

  • Land
  • 0.15 Acre
  • $149,333 per Acre

  0 Hanover Ave NW, Roanoke, VA 24017

  *** PRICE IMPROVEMENT*** Build your vision on this .15 acre lot conveniently located in Roanoke. Ideal for a custom home, investment, or future development opportunity. Public utilities available nearby (buyer to verify). Convenient to shopping, dining, and major roadways. Seller financing available - inquire for terms. Buyer to verify zoning, utilities, and building requirements. Listing agent

  Cathy Reynolds BPRE

  0 Hanover Ave NW, Roanoke, VA 24017
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  /3

  $21,500

  • Land
  • 0.15 Acre
  • $143,333 per Acre

  917 Lafayette Blvd NW, Roanoke, VA 24017

  ***PRICE IMPROVEMENT*** $1,000 incentive available for a quick close.BUILD YOUR NEXT PROJECT HERE! Prime infill opportunity in N.W. Roanoke.Vacant RM-1 lot offering residential/multi-family development potential with approximately 6,468 SF (50' of road frontage) and public street access. Steps already installed on the property. Ideal for new construction, build-to-rent, or long-term investment in

  Cathy Reynolds BPRE

  917 Lafayette Blvd NW, Roanoke, VA 24017
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  /20

  $174,950

  • 1,864 Sq Ft

  1114 Lafayette Blvd NW, Roanoke, VA 24017

  This turnkey investment property is a fantastic opportunity for house hacking or rental income! The well-maintained duplex features upgraded electrical wiring, freshly painted interiors and exteriors, and new architectural shingles on the main house, complemented by matching white shingles over the charming covered front porch. Both units offer laundry hookups, new vinyl tile, and luxury vinyl

  Brad Thomas MOUNTAIN VIEW REAL ESTATE LLC

  1114 Lafayette Blvd NW, Roanoke, VA 24017
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  /27

  $219,950

  • 3 Beds
  • 1 Bath
  • 1,500 Sq Ft

  4644 Desi Rd NW, Roanoke, VA 24017

  *MOTIVATED SELLER*Here's your chance at affordability and convenience. Check out this great opportunity for a first time buyer, or even possible investment. Enjoy this 3 bedroom home with plenty of storage and work space. The lower level has been converted into a great entertainment area! The other half of the basement could be finished for additional living space, but it's already being used as

  Todd McKee LICHTENSTEIN ROWAN, REALTORS(r)

  4644 Desi Rd NW, Roanoke, VA 24017
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  /21

  $1,795,000

  • 15,676 Sq Ft

  135 Salem Ave SW, Roanoke, VA 24011

  135 W Salem Avenue is an investment opportunity in the heart of Downtown Roanoke. This 10-unit mixed-use asset combines historic Roanoke character with modern livability, offering investors both stability and upside.The property features ground-floor commercial space positioned for strong visibility on the corner of Salem Ave and 2nd Street. Above the commercial space are nine residential units

  Stephen Pendergrass, CCIM, SIOR POE & CRONK REAL ESTATE GROUP

  135 Salem Ave SW, Roanoke, VA 24011
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  /19

  $350,000

  • 1,680 Sq Ft

  1228 Wasena Ave SW, Roanoke, VA 24015

  Solid long-term investment opportunity in the highly desirable Wasena neighborhood, offering strong potential for appreciation amid continued area growth. Located directly across the street from the Wasena Park and walking distance to shops, restaurants and the Roanoke River Greenway. Built as a Duplex this property offers two, 2 bedroom 1 bath units. This home provides the opportunity to keep as

  Kera Moore WAINWRIGHT & CO., REALTORS(r)- LAKE

  1228 Wasena Ave SW, Roanoke, VA 24015
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  /17

  $192,000

  • 3 Beds
  • 1 Bath
  • 1,200 Sq Ft

  1518 Tazewell Ave SE, Roanoke, VA 24013

  ATTENTION INVESTORS...Unique , charming house in perfect convenient location just minutes from downtown. 3 bedrooms 1 bath with finished loft room/attic that adds even more space and character.Patio room off kitchen with large deck overlooking back yard and mountain views as well as Beautiful views of Mill Mountain star from the front of the property. Currently a rental property with tenants. A

  Whitney Smith PMI COMMONWEALTH

  1518 Tazewell Ave SE, Roanoke, VA 24013
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  /10

  $299,000

  • 1,211 Sq Ft

  1621 Brandon Ave SW, Roanoke, VA 24015

  Located in the heart of Roanoke’s desirable Southwest area, 1621 Brandon Ave SW presents a compelling opportunity to own a side-by-side duplex ideal for investors or owner-occupants. This classic duplex offers two separate units with private entrances. The property benefits from a highly walkable and convenient location, just minutes from downtown Roanoke, Carilion Roanoke Memorial Hospital,

  Chad Hanger HANGER & ASSOCIATES

  1621 Brandon Ave SW, Roanoke, VA 24015
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  /27

  $270,000

  • 5 Beds
  • 4.5 Baths
  • 2,220 Sq Ft

  604 Elm Ave SE, Roanoke, VA 24013

  Terrific opportunity in the heart of Roanoke! Large, single-family home with no homes on opposite side. Lots of living space, big bedrooms, excellent kitchen, and a backyard already partially fenced. Investors - great opportunity to get a great return on your investment! 1 minutes from downtown and 5 minutes from Tanglewood mall

  Benjamin Bosse PALMER REALTY GROUP LLC

  604 Elm Ave SE, Roanoke, VA 24013
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  /21

  $174,950

  • 1,728 Sq Ft

  1202 Melrose Ave NW, Roanoke, VA 24017

  GREAT TURN KEY INVESTMENT APTS - UPGRADED ELECTRICAL WIRING - STORAGE IN ATTIC AND BASEMENT - NEWLY PAINTED METAL ROOF - NEW WATER HEATER FOR UPSTAIRS UNIT - FRESH PAINT INSIDE AND OUTSIDE - FRONT AND BACK PORCHES - NEW LUXURY VINYL TILE - NEAR BUS LINE - BLOWN IN INSULATION IN UPSTAIRS AND DOWNSTAIRS WALLS AS WELL AS IN ATTIC - NEW CABINETS IN UNIT TWO - LAUNDRY HOOKUPS IN BOTH UNITS - LEVEL

  Brad Thomas MOUNTAIN VIEW REAL ESTATE LLC

  1202 Melrose Ave NW, Roanoke, VA 24017
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  /6

  $29,950

  • Land
  • 0.95 Acre
  • $31,526 per Acre

  0 Panorama Ave NW Unit 923274, Roanoke, VA 24017

  Great buildable lot, in the area of other duplexes add to or start your investment portfolio now. Ask me about multiple property purchase options. Water and sewer are available, hook up is your responsibility. Owner/Agent

  Kermit Johnson WAINWRIGHT & CO., REALTORS(r)- LAKE

  0 Panorama Ave NW Unit 923274, Roanoke, VA 24017
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  /6

  $34,950

  • Land
  • 1.61 Acres
  • $21,708 per Acre

  0 Panorama Ave NW Unit 923275, Roanoke, VA 24017

  Great oversized buildable lot, in the area of other duplexes add to or start your investment portfolio now. Ask me about multiple property purchase options. Water and sewer are available, hook up is your responsibility. Owner/Agent

  Kermit Johnson WAINWRIGHT & CO., REALTORS(r)- LAKE

  0 Panorama Ave NW Unit 923275, Roanoke, VA 24017
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  /76

  $452,500

  • 2,174 Sq Ft

  1909 Canterbury Rd SW, Roanoke, VA 24015

  This well kept brick duplex in the Raleigh Ct/Wasena area has two tenant occupied units each featuring 2BR/1BA. Each unit features a lower level that could be converted to an additional living space, bedroom or office. Beautiful hardwood floors, fresh interior and exterior paint, updated kitchens, cabinetry, and more. Each unit features washer/dryer. Large backyard that is shared with both units.

  Brittany Barlow FIRST CHOICE REAL ESTATE LLC - HARDY

  1909 Canterbury Rd SW, Roanoke, VA 24015
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  /4

  $11,500

  • Land
  • 0.12 Acre
  • $95,833 per Acre

  0 14th St NW, Roanoke, VA 24017

  Prime infill opportunity in Northwest Roanoke! This level 0.12-acre corner lot at 14th St and Gilmer Ave is zoned RM-1 (Multi-Family Residential), allowing for a single-family home, duplex, or small-scale investment build.Convenient to downtown, shopping, and major routes, with utilities nearby and strong neighborhood growth. Two Habitat for Humanity homes just a block away sold for $235K

  Ashley Canty REAL BROKER LLC - MCLEAN

  0 14th St NW, Roanoke, VA 24017
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  /2

  $55,000

  • Land
  • 0.96 Acre
  • $57,292 per Acre

  0 Yellow Mountain Rd SE, Roanoke, VA 24014

  Don't miss this prime opportunity! This .95-acre parcel is fully prepared for your dream home, complete with city water and sewer available right at the road. Featuring 160 feet of road frontage and the ability to subdivide into up to four lots, this property offers incredible flexibility and investment potential. Build your vision or maximize the value with multiple homes--opportunities like

  Michael Belcher KELLER WILLIAMS REALTY ROANOKE

  0 Yellow Mountain Rd SE, Roanoke, VA 24014
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  /28

  $144,950

  • 1,350 Sq Ft

  605 & 607 6th St SE, Roanoke, VA 24013

  Charming well maintained duplex in the heart of Roanoke City, just steps away from Downtown Roanoke, public transit, restaurants, convenience stores, and Roanoke Memorial Hospital. Perfect for walking or biking! Updated 2019 with new electrical, plumbing, and roof, plus recent upgrades in 2021 including LVT flooring, fresh paint, modern appliances, and refinished hardwoods. Features gas water

  Kayla Mann SHEPHERD REALTY GROUP

  605 & 607 6th St SE, Roanoke, VA 24013
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  /14

  $1,988,880

  • Land
  • 1,336.11 Acres
  • $1,489 per Acre

  0 Honeysuckle Rd Unit 74206, Roanoke, VA 24124

  Great Investment for development potential. Mature hardwoods. Lots of deer, turkey and bear. Convenient to Roanoke and Salem. Additional Acreage available.

  Jeff Davis JEFF DAVIS & ASSOCIATES, LLC

  0 Honeysuckle Rd Unit 74206, Roanoke, VA 24124
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  /9

  $1,649,655

  • 13,903 Sq Ft

  1606 Wayne St NE, Roanoke, VA 24012

  Great Investment Opportunity. Onsite Laundry Facility. 20 1 BR 1 BA units and 4 efficiency units. NEW: Onsite Property Manager effective 7/11/2025.

  Courtnee Bishop MKB, REALTORS(r)

  1606 Wayne St NE, Roanoke, VA 24012
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  /8

  $82,541

  • 2 Beds
  • 1 Bath
  • 672 Sq Ft

  519 Rutherford Ave NW, Roanoke, VA 24016

  Great Investment Opportunity. 2 BR on Level lot, convenient to downtown

  Courtnee Bishop MKB, REALTORS(r)

  519 Rutherford Ave NW, Roanoke, VA 24016
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  /11

  $108,387

  • 3 Beds
  • 1.5 Baths
  • 1,428 Sq Ft

  802 Morrill Ave SE, Roanoke, VA 24013

  Great investment opportunity. 3 BR, 1.5 BA with hardwood floors. Corner Lot.

  Courtnee Bishop MKB, REALTORS(r)

  802 Morrill Ave SE, Roanoke, VA 24013
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  /29

  $3,101,040

  • Land
  • 52.56 Acres
  • $59,000 per Acre

  0 Elm View Rd, Roanoke, VA 24018

  SUPERIOR LOCATION! 52.56 Acres for Sale Zoned R3 (37.34 Acres) and C1 and C2C (15.22 Acres) in the Heart of SW Roanoke County with the convenience of access to and walking distance to Rt. 419, Tanglewood Mall, Shopping, Restaurants, and convenient to Carilion and Lewis-Gale Hospitals. Great Business and Investment Opportunity with SO much potential with R3 Medium Density Multi-family Residential

  Teresa Prillaman WAINWRIGHT & CO., REALTORS(r)- LAKE

  0 Elm View Rd, Roanoke, VA 24018
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  /2

  $135,000

  • 4 Beds
  • 1 Bath
  • 1,260 Sq Ft

  2023 Moorman Ave NW, Roanoke, VA 24017

  Great investment opportunity with residents in place. 4 Bed 1 Bath in North West Roanoke. Month to month lease agreement in place with resident.

  Clay Jamieson POINT MANAGEMENT LLC

  2023 Moorman Ave NW, Roanoke, VA 24017
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  /2

  $8,379

  • Land
  • 0.13 Acre
  • $64,454 per Acre

  530 Patton Ave NW, Roanoke, VA 24016

  Conveniently located lot in Northwest. Build a home or nice investment opportunity! Zoned RM-1.

  Emma Bailey MAC WESTLAND REAL ESTATE GROUP

  530 Patton Ave NW, Roanoke, VA 24016
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  /2

  $54,950

  • Land
  • 0.26 Acre
  • $211,346 per Acre

  2525 Radford Rd NE, Roanoke, VA 24012

  Great opportunity to purchase 1 or 2 lots together on Radford in an area with newer homes and established neighborhood. Second lot is 2517 Radford. Potentially can be subdivided for a total of 4 lots. Great area to build spec homes or investment properties. Public water and sewer available in the area.

  Lisa Martin BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - NORTH

  2525 Radford Rd NE, Roanoke, VA 24012
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  /2

  $54,950

  • Land
  • 0.24 Acre
  • $228,958 per Acre

  2517 Radford Rd NE, Roanoke, VA 24012

  Great opportunity to purchase 1 or 2 lots together on Radford in an area with newer homes and established neighborhood. Second lot is 2525 Radford. Potentially can be subdivided for a total of 4 lots. Great area to build spec homes or investment properties. Public water and sewer available in the area.

  Lisa Martin BERKSHIRE HATHAWAY HOMESERVICES PREMIER, REALTORS(r) - NORTH

  2517 Radford Rd NE, Roanoke, VA 24012
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  /2

  $119,000

  • 4 Beds
  • 2 Baths
  • 1,468 Sq Ft

  705 Stewart Ave SE, Roanoke, VA 24013

  Investor alert! This 4 bedroom, 2 bath home would make a solid investment with stable cash flow. Home has been emptied and ready for update.

  Karin Colozza MKB, REALTORS(r)

  705 Stewart Ave SE, Roanoke, VA 24013
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  /2

  $157,565

  • 4,508 Sq Ft

  336 Tazewell Ave SE, Roanoke, VA 24013

  Close to downtown and public transportation. Great multi-family investment opportunity in downtown Roanoke. Vacant, text LA to schedule showing with property management.

  Courtnee Bishop MKB, REALTORS(r)

  336 Tazewell Ave SE, Roanoke, VA 24013
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  /2

  $125,062

  • 2 Beds
  • 1 Bath
  • 672 Sq Ft

  1905 Eastgate Ave NE, Roanoke, VA 24012

  GREAT INVESTMENT OPPORTUNITY. CURRENT TENANT PAYS $1055/MONTH plus 20/month pet fee. LEASED THRU 4.11.2026. 48 hour notification required for showings - Tenant occupied.

  Courtnee Bishop MKB, REALTORS(r)

  1905 Eastgate Ave NE, Roanoke, VA 24012
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  /2

  $189,000

  • 1,946 Sq Ft

  734 Murray Ave SE, Roanoke, VA 24013

  Great Investment opportunity with tons of potential. Duplex located in Se Roanoke featuring 2 units, both units two bedrooms and one bath. Convenient located close to downtown Roanoke. Recent updates include new roof,. All units are currently rented at $725 each and could possibly rent for more. If you're looking to start investing or wanting to add an income producing unit to your growing

  Andre Palmer PALMER REALTY GROUP LLC

  734 Murray Ave SE, Roanoke, VA 24013
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  /2

  $179,000

  • 1,825 Sq Ft

  706 Jamison Ave SE, Roanoke, VA 24013

  Great Investment opportunity with tons of potential. Duplex located in Se Roanoke featuring 2 units, each with 2 bedrooms and 1 bath. Convenient located close to downtown Roanoke. Recent updates include new maintenance free vinyl siding, new bath and kitchen cabinets in upper unit. replacement windows throughout and fenced in backyard. Both units are currently rented for $900 each and could rent

  Andre Palmer PALMER REALTY GROUP LLC

  706 Jamison Ave SE, Roanoke, VA 24013

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