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Old Southwest Multifamily Homes & Duplexes for Sale

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  • /5

    $495,000

    • 4,516 Sq Ft

    433 Albemarle Ave SW, Roanoke, VA 24016

    Looking for an investment opportunity in the ever-popular Old SW community of Roanoke? This 5-unit garden home with carriage house is for you. With great demographics and nearby amenities, this property will always be desirable. Across from a school, walking distance to cafe's and the bus line, and a stones throw from Highland Park, tenants find this location quaint and peaceful. Take advantage

    Daniel Wickham WALKER REAL ESTATE SOLUTIONS

    433 Albemarle Ave SW, Roanoke, VA 24016
  • /2

    $364,952

    • 5,756 Sq Ft

    506 Highland Ave SW, Roanoke, VA 24016

    Good investment property, 2 units are occupied and 2 units are vacant, onsite coin laundry.

    Courtnee Bishop MKB, REALTORS(r)

    506 Highland Ave SW, Roanoke, VA 24016
  • /2

    $518,420

    • 3,869 Sq Ft

    917 1st St SW, Roanoke, VA 24016

    Investment property, conveniently located close to community hospital and downtown.

    Courtnee Bishop MKB, REALTORS(r)

    917 1st St SW, Roanoke, VA 24016

Why Live in Old Southwest

Old Southwest in Roanoke is the largest residential historic district in Virginia, featuring a mix of vintage homes and local dining options with scenic views of the Blue Ridge Mountains. Located just a mile from downtown Roanoke, the neighborhood includes the historic Alexander Gish House, office buildings, and public green spaces. The Old Southwest Neighborhood Association actively organizes community events, such as block parties and holiday light contests, and maintains historic properties. Housing primarily consists of single-family homes, including American Foursquares and Victorian shingle homes from the early 1900s, with some condos and multi-unit apartment buildings also available. The neighborhood is known for its close-knit community and historic charm, with homes often featuring rounded shrubbery and concrete walkways. Highland Park serves as the central hub for outdoor activities, offering a disc golf course, soccer field, basketball courts, tennis courts, playground, skate park, and an off-leash dog park. For dining, residents frequent Albemarle Bakery and Coffee House, Evie’s Bistro and Bakery, and Lews Restaurant. While shopping options within the neighborhood are limited, Sunnyside Market provides grab-and-go conveniences, and larger retailers like Kroger, Walmart, and Target are a short drive away. Children in Old Southwest attend schools with varied ratings, including Highland Park Elementary, James Madison Middle, and Patrick Henry High. Transportation is convenient with nearby bus stops, a passenger train station a mile northeast, and access to Interstate 581 and Interstate 81.

Home Trends in Old Southwest, VA

Housing Trends

Median Sale Price
$392,500
Median Single Family Sale Price
$389,950
Median Townhouse Sale Price
$133,500
Average Price Per Sq Ft
$161
Number of Homes for Sale
5
Last 12 months Home Sales
34
Months of Supply
1.80
Median List Price
$399,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
35%
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