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602 Allison Ave SW, Roanoke, VA, 24016

$360,000

Home List Price

$4,275*

Closing Credit

0 Baths
2,400 SqFt
$150/SqFt
Multi

Location

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602 Allison Ave SW, Roanoke$360,000

Buyer Closing Credits

$4,275*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingStreet
Year BuiltNew Const., 1914
HeatingOther
CoolingNone
BasementYes
MLS #912537
Lot Size0.15 Acres
StatusActive

About 602 Allison Ave SW

Investment opportunity! Don't miss this incredible opportunity to own a multi-unit property in the heart of Roanoke's historic Old Southwest neighborhood just minutes from downtown! Fully leased!Perfectly positioned at 602 Allison Ave SW, this investment property offers three separate units, each full of character and potential for strong rental income.Unit 1 - 1BR/1BAUnit 2 - 2BR/1.5BAUnit 3 - 1BR/1BA + LoftOn-site laundryInvestment Highlights:- Consistent Cash Flow: With all three units currently occupied, this property offers a reliable and consistent income stream, providing a strong return on investment from the moment of purchase.- High Tenant Demand: The location and quality of this property make it a sought-after rental option for professionals,

Property Details

Property Features

Property Information:

  • Year Built: 1914
  • Living Area: 2,400 SqFt

Listing Office:

  • Office Name: USREALTY.COM LLP - HOUSEPAD

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Street

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: None

Other

Directions Information:

  • Directions: From Downtown Roanoke take Franklin Rd heading south, then right on to Allison Ave. Property will be on your left at the intersection of Alison Ave and 6th St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $360,000
  • Price Per SqFt: $150/SqFt

Tax Information:

  • Annual Amount: $2,320
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Roanoke, VA.

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Roanoke, VA

City

Med. Sold Price

$271.4K

Med. Price/SqFt

$162

Avg. Days On Market

8

# of Sold Homes

165

602 Allison Ave SW vs Roanoke

1 DAY ON ROCKET

-7 Days

$360,000

+$88.5K More

$150/SqFt

-$12 Less

KEY TAKEAWAY

This property is $88.5K more than the Median Sold Price and $12/SqFt less than other homes in Roanoke, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #912537

Listing Office:

  • Office Name: USREALTY.COM LLP - HOUSEPAD

IDXAlthough the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.

All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The unauthorized retrieval or use of this listing data is prohibited.

All information is deemed reliable but not guaranteed, and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 4:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 04, 2021Home Sold
$290,000
May 30, 2017Home Sold
$230,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,320$190,200
2020$2,454$181,000
2019$2,128$173,500
2018$2,128$154,300
2017$1,811$144,000

History based on county public records data.

Payment Calculator

$1,864

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,146

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-185030
6
/10

  • Highland Park Elementary School

  • 1212 5th St SW

  • 0.20 miles

  • Public District Grades PK-5

school-card-donut-185031
5
/10

  • Wasena Elementary School

  • 1125 Sherwood Ave SW

  • 0.86 miles

  • Public District Grades PK-5

school-card-donut-185032
7
/10

  • Crystal Spring Elementary School

  • 2620 Carolina Ave SW

  • 1.12 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,466. Typical income of Roanoke, VA residents is less than $35k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Roanoke›24016›602 Allison Ave SW

This home is located at 602 Allison Ave SW in Roanoke, VA and zip code 24016 in the Old Southwest neighborhood. This 2,400 square foot home, which was built in 1914, sits on a 0.15 acre lot. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $360,000.

In October 2024 more than 50 listings in Roanoke, VA were sold above the asking price. During the same period more than 44 listings were sold at asking price, while more than 71 were sold below. In October 2024 in Roanoke, VA there were 28.6% more homes for sale than in September 2024. Listings spent 8 days on the market in October 2024, and had a median list price of $271,431 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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