520 Riverland RD SE, Roanoke, VA 24014 (MLS# 923348)

$224,950

520 Riverland RD SE
Roanoke, VA 24014
MLS# 923348

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Property Description
Prime investment opportunity just a mile to Carilion Roanoke Memorial Hospital and minutes to South Roanoke, downtown amenities, retail, and the Greenway. This classic up/down duplex offers two vacant 2BR/1BA units with strong income potential and flexible rental strategies. The location creates natural demand for mid-term stays from medical professionals and visitors needing short stays close to the hospital. Simple layouts, low upkeep, and multiple revenue paths give this property a standout upside for a focused investment approach. Income options include mid-term stays, furnished rentals, and Airbnb-style hosting due to location advantages.

Details

Maps

Contract Information

Current Price: $224,950

List Price: $224,950

List Date: 2025-12-10

Status: Active

General Property Description

Multi-Family Type: Duplex

Construction Status: Completed

Year Built: 1924

Number of Units: 2

# Unfurnished: 2

Gross Bldg SQFT: 1506

Total Acreage: 0.16

Basement Y/N: Yes

Parking Description: Other - See Remarks

Water Class: N/A

Location Legal Taxes

Area: 0120 - City of Roanoke - South

Street Number: 520

Street Name: Riverland

Street Suffix: RD

Street Direction Sfx: SE

State/Province: VA

Zip Code: 24014

Subdivision: N/A

Municipality: City of Roanoke

Elementary School: Crystal Spring

Middle School: James Madison

High School: Patrick Henry

Miscellaneous Info

Public Transport: Yes

Property Features

Limited Service: Not Limited Service

Construction: Brick; Vinyl

Basement: Full

Heating: Baseboard Electric; Radiator Gas Heat

Cooling: Window Unit(s)

Water Description: Public

Sewer Description: Public Sewer

Owner Expenses: Other - See Remarks

Interior Features: Breakfast Area; Ceiling Fan(s); Storage

Tenant Expenses: Other - See Remarks

Listing Office: MKB, REALTORS®

Last Updated: December - 12 - 2025

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