506 Highland AVE SW, Roanoke, VA 24016
$343,490
Property Type:
MultiFamily
Status:
Active
Current Price:
$343,490
List Date:
5/02/2025
Last Modified:
12/03/2025
Description
Good investment property, 2 units are occupied and 2 units are vacant, onsite coin laundry.
More Information MLS# 916867
General Property Description
Lot Dimensions: 50 x 130
Multi-Family Type: Apartments
Construction Status: Completed
# Furnished: 0
# Unfurnished: 4
# Leased Units: 2
Gross Bldg SQFT: 5756
Basement Y/N: Yes
Water Class: N/A
Parking Description: On Street
# Vehicle Spaces: 2
Gross Income: 17647
Year Built: 1924
Number of Units: 4
Operating Expense: 5004
Net Operating Income: 12643
Location, Tax & Legal
Major Area: 01 - City of Roanoke
Phase: 0
Lot: 12
Block: 1
Tax ID: 1121210
Annual Taxes: 3197.82
Section: 0
POA Y/N: No
Area: 0130 - City of Roanoke - SW
Street Number: 506
Street Name: Highland
Street Suffix: AVE
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24016
Subdivision: Gishland
Municipality: City of Roanoke
Elementary School: Highland Park
Middle School: James Madison
High School: Patrick Henry
Remarks & Misc
Directions: Franklin Rd to Highland Ave, property on the Left just pass 5th st
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Basement
Other - See Remarks: 1
Heating
Radiator Gas Heat: 1
Cooling
Window Unit(s): 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Owner Expenses
Gas: 1
Water: 1
Tenant Expenses
Electricity: 1
Contract Information
Current Price: $343,490
List Price: $343,490
List Date: 2025-05-02
Status: Active
Property Features
Limited Service: Not Limited Service
Construction: Brick
Basement: Other - See Remarks
Heating: Radiator Gas Heat
Cooling: Window Unit(s)
Water Description: Public
Sewer Description: Public Sewer
Owner Expenses: Gas; Water
Tenant Expenses: Electricity
Listing Office: MKB, REALTORS®
Last Updated: December - 03 - 2025
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