1202 MELROSE AVE NW, Roanoke, VA 24017
New Listing
$176,450
Property Type:
MultiFamily
Lot Size (sq. ft.):
7,405
Status:
Active
Current Price:
$176,450
List Date:
12/15/2025
Last Modified:
12/15/2025
Description
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 BACK LAWN - NEWLY REFINISHED CLAWFOOT TUB - HARDWOOD FLOORING - ON THE BUS LINE - VIEW ROANOKE STAR FROM YOUR BALCONY! CAN BE CONVERTED BACK TO A SINGLE FAMILY DWELLING BY REINSTALLING A DOORWAY.
More Information MLS# 923376
General Property Description
Lot Dimensions: 50 X 150
Multi-Family Type: Apartments
Construction Status: Completed
Total Acreage: 0.17
Present Use: Converted
# Furnished: 0
# Unfurnished: 2
# Leased Units: 0
Gross Bldg SQFT: 1728
Basement Y/N: Yes
Water Class: N/A
Parking Description: On Street
Gross Income: 23880
Year Built: 1925
Number of Units: 2
Operating Expense: 4366.14
Net Operating Income: 19649
Location, Tax & Legal
Major Area: 01 - City of Roanoke
Phase: 1
Subdivision Map: MELROSE AVE
Lot: PT 8
Block: 21
Tax ID: 2222808
Annual Taxes: 711.26
Section: 0
POA Y/N: No
Area: 0140 - City of Roanoke - NW
Street Number: 1202
Street Name: MELROSE
Street Suffix: AVE
Street Direction Sfx: NW
State/Province: VA
Zip Code: 24017
Subdivision: N/A
Municipality: City of Roanoke
Elementary School: Roanoke Academy of Math and Science
Middle School: Lucy Addison
High School: Patrick Henry
Remarks & Misc
Directions: FROM CIVIC CENTER - ORANGE AVE WEST, LEFT ON 12TH, RIGHT ON MELROSE, HOME ON LEFT.
Limited Service
Not Limited Service: 1
Construction
Vinyl: 1
Basement
Partial: 1
Heating
Baseboard Electric: 1
Forced Air Gas: 1
Miscellaneous Info
Public Transport: Yes
Cooling
None: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Amenities Common
Cable TV: 1
Owner Expenses
Lawn Care: 1
Sewer: 1
Water: 1
Interior Features
Storage: 1
Internet Access
Cable: 1
Cur'nt Internet Prov: COX
Tenant Expenses
Cable TV: 1
Electricity: 1
Gas: 1
Expenses
Maintenance Exp: 1500
Tax Exp: 666
Insurance Exp: 400
Other Exp: 706
Contract Information
Current Price: $176,450
List Price: $176,450
List Date: 2025-12-14
Status: Active
Property Features
Limited Service: Not Limited Service
Construction: Vinyl
Basement: Partial
Heating: Baseboard Electric; Forced Air Gas
Cooling: None
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank
Water Heater Energy: Electric
Amenities Common: Cable TV
Owner Expenses: Lawn Care; Water
Interior Features: Storage
Internet Access: Cable
Tenant Expenses: Cable TV; Electricity; Gas
Listing Office: MOUNTAIN VIEW REAL ESTATE LLC
Last Updated: December - 15 - 2025
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