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Off market
  • $167,700

    1328 Melrose Ave NW, Roanoke, VA 24017

    5beds
    2baths
    2,043sqft
    SingleFamily
    Built in 1925
    6,988 Square Feet Lot
    $167,700 Zestimate®
    $82/sqft
    $1,886 Estimated rent

    Home value

    $167,700

    $141,000 - $195,000

    $1,886/mo

    Zestimate® history
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    $1,886/mo

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    Rent Zestimate®

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    $1,072/mo

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    $1,072/mo

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    What's special

    ?? FOR SALE – 1328 Melrose Ave NW, Roanoke VA 24017 ?? Turnkey 4BR | 2BA | 2,043 Sq Ft | $2,000/Month Rented Welcome to 1328 Melrose Ave NW — a beautifully updated brick two-story home offering over 2,000 square feet of living space, modern comfort, and reliable cash flow. This classic 1925 home features two brand-new central air and gas heating systems, dual-pane energy-efficient windows, and refinished hardwood floors throughout. The spacious floor plan includes 4 bedrooms, 2 full bathrooms, and a full basement for storage or expansion. Tenants currently pay $2,000 per month and are now in their second lease term, with a 100% on-time payment history — making this property a proven, income-producing investment from day one. The home sits on a 0.16-acre fenced lot with a detached garage, private yard, and off-street parking for up to three vehicles. It’s located close to downtown Roanoke, shopping, and major employers, providing easy access and long-term rental appeal. ? Property Highlights 4 Bedrooms | 2 Full Bathrooms 2,043 sq ft living space Built in 1925 | Brick two-story style Two new central air & gas heating systems Dual-pane replacement windows Refinished hardwood flooring Detached garage + off-street parking Full basement for storage or expansion Public water & sewer | RM-1 zoning Rented for $2,000/month (tenant pays all utilities and lawncare) On-time payment history, 2nd lease term

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Flooring: Tile, Hardwood
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 2,043 sqft

    Property

    Parking
    • Parking features: Garage - Detached, Off-street
    Features
    • Exterior features: Brick
    Lot
    • Size: 6,988 Square Feet
    Details
    • Parcel number: 2222603

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • wood frame
    • Roof: Composition
    Condition
    • Year built: 1925

    Community & HOA

    Location
    • Region: Roanoke

    Financial & listing details

    • Price per square foot: $82/sqft
    • Tax assessed value: $125,900
    • Annual tax amount: $1,536

    Price history

    DateEventPrice
    11/14/2025Listing removed$200,000$98/sqft
    Source: RVAR #921907 Report a problem
    10/16/2025Listed for sale$200,000$98/sqft
    Source: RVAR #921907 Report a problem
    10/15/2025Listing removed--
    Source: Owner Report a problem
    10/9/2025Listed for sale$200,000+90.5%$98/sqft
    Source: Owner Report a problem
    5/9/2024Listing removed--
    Source: Zillow Rentals Report a problem
    4/30/2024Listed for rent$2,000$1/sqft
    Source: Zillow Rentals Report a problem
    6/21/2023Listing removed--
    Source: Zillow Rentals Report a problem
    6/13/2023Price change$2,000-16.7%$1/sqft
    Source: Zillow Rentals Report a problem
    6/1/2023Listed for rent$2,400$1/sqft
    Source: Zillow Rentals Report a problem
    10/26/2022Sold$105,000-4.5%$51/sqft
    Source: RVAR #891422 Report a problem
    9/5/2022Pending sale$109,950$54/sqft
    Source: RVAR #891422 Report a problem
    8/31/2022Listed for sale$109,950$54/sqft
    Source: RVAR #891422 Report a problem
    7/25/2022Pending sale$109,950$54/sqft
    Source: RVAR #891422 Report a problem
    7/19/2022Listed for sale$109,950$54/sqft
    Source: RVAR #891422 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,536 +18%$125,900 +18%
    2024$1,302 +22.1%$106,700 +22.1%
    2023$1,066 +11.1%$87,400 +11.1%
    2022$960 +7.8%$78,700 +7.8%
    2021$891 +493.7%$73,000 +7.4%
    2020$150 -79.2%$68,000 +15.1%
    2019$721 +380.7%$59,100 +10.1%
    2018$150 +177.8%$53,700
    2017$54 $53,700
    2016$54 $53,700
    2015-- $53,700
    2014-- $53,700 -4.6%
    2013-- $56,300 -4.6%
    2012-- $59,000 -6.5%
    2011-- $63,100
    2010-- $63,100
    2009-- $63,100 +35.4%
    2002-- $46,600 +9.9%
    2001-- $42,400
    Find assessor info on the county website

    Neighborhood: Harrison

    Nearby schools

    GreatSchools rating
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    $167,700
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    +$3,354
    With Zillow Showcase(estimated)
    $171,054