Pending

Price cut: $200K (6/8)

$1,595,000

135 Salem Ave SW, Roanoke, VA 24011

--beds

--baths

15,676sqft

$10,524/mo

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Multi Family

Built in 1906

-- sqft lot

$-- Zestimate^®

$102/sqft

$-- HOA

What's special

135 W Salem Avenue is an investment opportunity in the heart of Downtown Roanoke. This 10-unit mixed-use asset combines historic Roanoke character with modern livability, offering investors both stability and upside.The property features ground-floor commercial space positioned for strong visibility on the corner of Salem Ave and 2nd Street. Above the commercial space are nine residential units served by an elevator.135 W Salem delivers immediate and diversified cash flow, supported by a mix of long-term residents and short-term executive tenants. The short-term units cater primarily to executive and traveling healthcare professionals. a tenant base that continues to grow alongside Roanoke's expanding medical and technology sectors.

171 days

23

1

Facts & features

Interior

Heating

Forced Air Electric, Heat Pump Electric

Cooling

Central Air

Features

Has basement: No

Interior area

Total structure area: 15,676
Total interior livable area: 15,676 sqft

Property

Parking

Parking features: Off Site

Lot

Size: 3,484 Square Feet
Dimensions: 30 x 140

Details

Parcel number: 1010404
Zoning: D

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick

Condition

Completed
Year built: 1906

Utilities & green energy

Electric: 0 Phase
Sewer: Public Sewer

Community & HOA

Community

Subdivision: N/A

HOA

Has HOA: No

Location

Region: Roanoke

Financial & listing details

Price per square foot: $102/sqft
Annual tax amount: $16,922
Date on market: 2/9/2026
Tenant pays: Cable TV, Deposit, Electricity

Estimated market value

Not available

Estimated sales range

Not available

$1,792/mo

Price history

Date	Event	Price
6/29/2026	Pending sale	$1,595,000$102/sqft
Source: RVAR #924529 Report a problem
6/8/2026	Price change	$1,595,000-11.1%$102/sqft
Source: RVAR #924529 Report a problem
2/9/2026	Listed for sale	$1,795,000-0.3%$115/sqft
Source: RVAR #924529 Report a problem
3/16/2024	Listing removed	--
Source: RVAR #896666 Report a problem
3/15/2023	Listed for sale	$1,800,000$115/sqft
Source: RVAR #896666 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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