Charming 1915 duplex in the heart of Old Southwest offering walkability, historic character, and instant rental income. This multi family property includes two 2BR/1BA units with long term tenants already in place. Located minutes from downtown, parks, restaurants, and the neighborhood's vibrant amenities, it's an ideal opportunity for investors or owner occupants seeking supplemental income. Priced below tax assessment, add this to your portfolio today.
Sold for $182,500
Tax assessed value
$182,500
349 Elm Ave SW, Roanoke, VA 24016
--beds
--baths
1,586sqft
Multi Family
Built in 1915
-- sqft lot
$-- Zestimate®
$115/sqft
$1,580 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,580/mo
Zestimate® history
Owner options
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$1,580/mo
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$1,580/mo
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$904/mo
Est. payment
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$904/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
KATHERYN PASCAL 540-765-8267,
MOUNTAIN VIEW REAL ESTATE LLC
Bought with:
CHARLENE M JONES, 0225062022
RE/MAX LAKEFRONT REALTY INC
Source: RVAR,MLS#: 924378
Facts & features
Interior
Heating
- Forced Air Gas
Cooling
- Central Air
Features
- Has basement: Yes
Interior area
- Total structure area: 1,586
- Total interior livable area: 1,586 sqft
Property
Parking
- Parking features: Private (1 - 9)
Features
- Has view: Yes
- View description: City, Sunrise, Sunset
Lot
- Size: 3,764 Square Feet
Details
- Parcel number: 1020225
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood
Condition
- Completed
- Year built: 1915
Utilities & green energy
- Electric: 0 Phase
- Sewer: Public Sewer
- Utilities for property: Cable
Community & HOA
Community
- Subdivision: N/A
HOA
- Has HOA: No
Location
- Region: Roanoke
Financial & listing details
- Price per square foot: $115/sqft
- Tax assessed value: $182,500
- Annual tax amount: $1,257
- Date on market: 2/2/2026
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 3/13/2026 | Sold | $182,500-8.7%$115/sqft |
Source:  RVAR #924378 Report a problem | ||
| 2/18/2026 | Pending sale | $199,950$126/sqft |
Source: RVAR #924378 Report a problem | ||
| 2/2/2026 | Listed for sale | $199,950+60%$126/sqft |
Source: RVAR #924378 Report a problem | ||
| 1/4/2022 | Sold | $125,000$79/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,227 +10.3% | $182,500 +10.3% |
| 2024 | $2,018 +28.9% | $165,400 +28.9% |
| 2023 | $1,565 +4.9% | $128,300 +4.9% |
| 2022 | $1,492 +14.1% | $122,300 +14.1% |
| 2021 | $1,308 -11.8% | $107,200 |
| 2020 | $1,483 +17.8% | $107,200 +3.9% |
| 2019 | $1,259 -12.7% | $103,200 +3.4% |
| 2018 | $1,442 +21.8% | $99,800 +5.7% |
| 2017 | $1,184 +8.5% | $94,400 +8.8% |
| 2016 | $1,091 +1.5% | $86,800 |
| 2015 | $1,076 | $86,800 -2% |
| 2014 | $1,076 | $88,600 -2% |
| 2013 | -- | $90,400 -1.7% |
| 2012 | -- | $92,000 -1.9% |
| 2011 | -- | $93,800 |
| 2010 | -- | $93,800 |
| 2009 | -- | $93,800 |
| 2008 | -- | $93,800 +3.9% |
| 2007 | -- | $90,300 +15.9% |
| 2005 | -- | $77,900 +11% |
| 2004 | -- | $70,200 +9.3% |
| 2003 | -- | $64,200 +4.4% |
| 2002 | -- | $61,500 |
| 2001 | -- | $61,500 |
Find assessor info on the county website
Neighborhood: Old Southwest
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Nearby schools
GreatSchools rating
- 8/10Highland Park Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10James Madison Middle SchoolGrades: 6-8Distance: 1.9 mi
- 1/10William Fleming High SchoolGrades: 9-12Distance: 3.5 mi
Schools provided by the listing agent
- Elementary: Highland Park
- Middle: James Madison
- High: William Fleming
Source: RVAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Virginia
- Roanoke City
- Roanoke
- 24016
- Old Southwest
- 349 Elm Ave SW
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