518 Highland Avenue SW is a remodeled historic, 100% occupied, three-unit multifamily located in Roanoke's highly desirable Old Southwest neighborhood. The property offers a functional unit mix within a submarket known for strong tenant demand, limited rental inventory, and consistent occupancy. Situated on a quiet, tree-lined street near downtown Roanoke and Grandin Village, the asset benefits from long-term rental stability and classic architectural character.
For sale
$310,000
518 Highland Ave SW, Roanoke, VA 24016
--beds
--baths
2,508sqft
:
Get pre-qualified$2,048/mo
Multi Family
Built in 1909
-- sqft lot
$-- Zestimate®
$124/sqft
$-- HOA
What's special
Classic architectural character
- 89 days |
- 316 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
DANIEL WICKHAM 540-384-4725,
WALKER REAL ESTATE SOLUTIONS 540-344-6160
Source: RVAR,MLS#: 927046
Facts & features
Interior
Heating
- Forced Air Gas
Cooling
- Central Air
Features
- Has basement: No
Interior area
- Total structure area: 2,508
- Total interior livable area: 2,508 sqft
Property
Parking
- Total spaces: 2
- Parking features: Private (1 - 9)
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: 1121207
- Zoning: RM1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood
Condition
- Completed
- Year built: 1909
Utilities & green energy
- Electric: 3 Phase
- Sewer: Public Sewer
- Utilities for property: Cable
Community & HOA
Community
- Subdivision: Gishland
HOA
- Has HOA: No
Location
- Region: Roanoke
Financial & listing details
- Price per square foot: $124/sqft
- Tax assessed value: $231,900
- Annual tax amount: $3,354
- Date on market: 4/29/2026
- Tenant pays: Electricity, Sewer, Water
Estimated market value
Not available
Estimated sales range
Not available
$1,959/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/29/2026 | Listed for sale | $310,000-3.1%$124/sqft |
Source:  RVAR #927046 Report a problem | ||
| 3/12/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 12/12/2025 | Listed for sale | $320,000$128/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,829 +6.5% | $231,900 +6.5% |
| 2024 | $2,657 +21.4% | $217,800 +21.4% |
| 2023 | $2,189 +3.8% | $179,400 +3.8% |
| 2022 | $2,109 +1.2% | $172,900 +1.2% |
| 2021 | $2,085 -6.9% | $170,900 |
| 2020 | $2,239 +12.3% | $170,900 +4.6% |
| 2019 | $1,993 -9.6% | $163,400 +1.7% |
| 2018 | $2,205 +16.6% | $160,600 +6.6% |
| 2017 | $1,891 +3% | $150,600 +3.1% |
| 2016 | $1,836 +14.5% | $146,100 |
| 2015 | $1,604 | $146,100 +3.3% |
| 2014 | $1,604 | $141,500 +5% |
| 2013 | -- | $134,800 |
| 2012 | -- | $134,800 |
| 2011 | -- | $134,800 |
| 2010 | -- | $134,800 |
| 2009 | -- | $134,800 +2.7% |
| 2008 | -- | $131,300 +0.7% |
| 2007 | -- | $130,400 +29.1% |
| 2005 | -- | $101,000 +15% |
| 2004 | -- | $87,800 +35.1% |
| 2003 | -- | $65,000 +4.8% |
| 2002 | -- | $62,000 +6.9% |
| 2001 | -- | $58,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Old Southwest
Nearby schools
GreatSchools rating
- 8/10Highland Park Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 4/10James Madison Middle SchoolGrades: 6-8Distance: 1.6 mi
- 3/10Patrick Henry High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Elementary: Highland Park
- Middle: James Madison
- High: Patrick Henry
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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