1822 Patterson AVE SW, Roanoke, VA 24016 (MLS# 924835)

$275,000

1822 Patterson AVE SW
Roanoke, VA 24016
MLS# 924835

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Property Description
Exceptional investment opportunity located in the desirable 1822 Historic District of Roanoke. This well-maintained triplex blends historic charm with modern capital improvements, making it an attractive addition to any portfolio. Recent exterior updates include a new roof (2025) and new metal porch roof (2025), both completed in accordance with Historic District guidelines, preserving the architectural integrity of the property while providing long-term durability. Two occupied units provide immediate cash flow, while the vacant, renovated unit offers upside at market rent. Located minutes from Downtown Roanoke, dining, shopping, greenways, and medical facilities. A strong opportunity for investors seeking stabilized income with additional value potential

Details

Maps

General Property Description

Multi-Family Type: Triplex

Construction Status: Completed

Total Acreage: 7488

# Furnished: 0

# Unfurnished: 3

# Leased Units: 2

Gross Bldg SQFT: 2324

Basement Y/N: No

Water Class: N/A

Parking Description: Unpaved

Gross Income: 35340

Year Built: 1900

Number of Units: 3

Operating Expense: 5000

Net Operating Income: 30340

Location, Tax & Legal

Major Area: 01 - City of Roanoke

Phase: 0

Lot: 6

Block: 27

Tax ID: 1313603

Annual Taxes: 3081

Section: 0

POA Y/N: No

Area: 0130 - City of Roanoke - SW

Street Number: 1822

Street Name: Patterson

Street Suffix: AVE

Street Direction Sfx: SW

State/Province: VA

Zip Code: 24016

Subdivision: N/A

Municipality: City of Roanoke

Elementary School: Hurt Park

Middle School: James Madison

High School: Patrick Henry

Remarks & Misc

Directions: From Downtown to Patterson Ave SW

Limited Service

Not Limited Service: 1

Construction

Brick: 1

Heating

Heat Pump Electric: 1

Cooling

Central Air: 1

Water Description

Public: 1

Sewer Description

Public Sewer: 1

Water Heater Energy

Electric: 1

Amenities Common

Cable TV: 1

Owner Expenses

Sewer: 1

Trash Disposal: 1

Water: 1

Interior Features

Ceiling Fan(s): 1

Internet Access

Cable: 1

Tenant Expenses

Electricity: 1

Contract Information

Current Price: $275,000

List Price: $275,000

List Date: 2026-02-20

Status: Active

Property Features

Limited Service: Not Limited Service

Construction: Brick

Heating: Heat Pump Electric

Cooling: Central Air

Water Description: Public

Sewer Description: Public Sewer

Water Heater Energy: Electric

Amenities Common: Cable TV

Owner Expenses: Trash Disposal; Water

Interior Features: Ceiling Fan(s)

Internet Access: Cable

Tenant Expenses: Electricity

Listing Office: IVY REALTY LLC

Last Updated: February - 21 - 2026

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