Sold for $224,000

$224,000

518 Elm Ave SW, Roanoke, VA 24016

2beds

0baths

--sqft

Duplex

Built in 1921

-- sqft lot

$-- Zestimate^®

$--/sqft

$1,261 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,261/mo

Zestimate^® history

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$1,478/mo

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$1,478/mo

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What's special

Metal roof

Great Investment opportunity with tons of potential. Duplex located in Se Roanoke featuring 2 units, each with 2 bedrooms and 1 bath. Convenient located close to downtown Roanoke. Recent updates include new metal roof. Both units are currently, upstairs unit rented for $800 and downstairs unit rented for $900 and could rent for more. If you're looking to start investing or wanting to add an income producing unit to your growing portfolio. Look no further. Schedule a tour today.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 0

Heating

Forced Air Electric

Cooling

Window Unit(s)

Features

Basement: Full

Property

Parking

Total spaces: 20633
Parking features: Carport
Carport spaces: 3677
Covered spaces: 20633

Lot

Size: 6,969 Square Feet

Details

Parcel number: 1120809

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Wood Siding

Condition

Year built: 1921

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Lewis

HOA

Has HOA: No

Location

Region: Roanoke

Financial & listing details

Tax assessed value: $161,200
Annual tax amount: $2,177
Date on market: 4/30/2025
Cumulative days on market: 149 days
Lease term: One Year

Price history

Date	Event	Price
11/10/2025	Sold	$224,000-0.4%
Source: RVAR #914811 Report a problem
8/23/2025	Pending sale	$224,950
Source: RVAR #914811 Report a problem
4/30/2025	Price change	$224,9500%
Source: RVAR #914811 Report a problem
4/5/2025	Pending sale	$225,000
Source: RVAR #914811 Report a problem
3/4/2025	Listed for sale	$225,000+257.1%
Source: RVAR #914811 Report a problem
4/5/2019	Sold	$63,000-21.3%
Source: Public Record Report a problem
10/16/2017	Sold	$80,000+33.6%
Source: Public Record Report a problem
4/3/2015	Sold	$59,900-14.4%
Source: Public Record Report a problem
10/23/2014	Sold	$70,000
Source: RVAR #806781 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,967 +5.6%	$161,200 +5.6%
2024	$1,862 +9.5%	$152,600 +9.5%
2023	$1,699 +5.4%	$139,300 +5.4%
2022	$1,613 +10.7%	$132,200 +10.7%
2021	$1,457 -12%	$119,400
2020	$1,655 +18.4%	$119,400 +4.2%
2019	$1,398 -11.1%	$114,600 +6.2%
2018	$1,573 +19.2%	$107,900 +4.9%
2017	$1,320 +111.5%	$102,900 +6.1%
2016	$624 -43.8%	$97,000
2015	$1,110	$97,000
2014	$1,110	--
2013	--	$93,300
2012	--	$93,300
2011	--	$93,300
2010	--	$93,300
2009	--	$93,300
2008	--	$93,300 +4%
2007	--	$89,700 +15.7%
2005	--	$77,500 +11%
2004	--	$69,800 +10.1%
2003	--	$63,400 +12%
2002	--	$56,600 +3.5%
2001	--	$54,700