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Loudon-Melrose Multifamily Homes & Duplexes for Sale

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  • /7

    $138,600

    • 1,817 Sq Ft

    1821 Moorman Ave NW, Roanoke, VA 24017

    One vacant, one occupied (6/5/26 lease ends)

    Courtnee Bishop MKB, REALTORS(r)

    1821 Moorman Ave NW, Roanoke, VA 24017
  • /14

    $159,950

    • 1,848 Sq Ft

    1424 Orange Ave NW Unit & 1422, Roanoke, VA 24017

    One vacant, one occupied (Lease ends 5/31/26), must give 48 hr notice.

    Courtnee Bishop MKB, REALTORS(r)

    1424 Orange Ave NW Unit & 1422, Roanoke, VA 24017
  • /4

    $54,950

    • 2,296 Sq Ft

    1524 Melrose Ave NW, Roanoke, VA 24017

    This duplex is a solid as-is investment property with strong rental potential located in Northwest Roanoke. Featuring two units, this property is perfect for investors looking to add value through renovation and capitalize on Roanoke's growing rental market.Each unit offers spacious layouts and separate entrances, giving you flexibility to rent both or live in one while renting the other.

    Norman Domingo XREALTY.NET LLC

    1524 Melrose Ave NW, Roanoke, VA 24017

Why Live in Loudon-Melrose

Loudon-Melrose, a historic neighborhood in northwest Roanoke, developed around the Salem-Melrose streetcar line in the 1920s, features bungalows and cottages built for working-class families. The area, characterized by its industrial roots, is near the Roanoke Rail Yard and includes businesses like auto parts stores and heating oil suppliers. Residential streets to the north feature small houses from the early to mid-1900s. The community is served by the Melrose Library, which offers practical resources and hosts events such as open mic nights and summer reading programs. Melrose Plaza, currently under development, will soon provide a grocery store, bank, health clinic, and adult high school with childcare services. Dining options are limited but include takeout spots like Island Jerk, China Lite, and Screaming Vegan. Melrose Park, the neighborhood's only public green space, offers basketball courts, a playground, and a shaded picnic pavilion. While sidewalks are inconsistent, residents can drive or use Valley Metro buses for transportation. The neighborhood is about a mile from Washington Park, which connects to the Lick Run Greenway trail. For shopping, Valley View Mall, Walmart, and Target are 4 miles north. The area has a lower income level, and schools such as Roanoke Academy for Math and Science Elementary and Lucy Addison Middle have average ratings, while Patrick Henry High School has a higher rating and offers various career pathways.

Home Trends in Loudon-Melrose, VA

Housing Trends

Median Sale Price
$171,500
Median Single Family Sale Price
$142,475
Average Price Per Sq Ft
$116
Number of Homes for Sale
2
Last 12 months Home Sales
6
Months of Supply
4.00
Median List Price
$147,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
45%
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