121 Campbell AVE SW, Roanoke, VA 24011

$815,000

Property Type: MultiFamily Lot Size (sq. ft.): 2,178 Status: Closed

Current Price: $815,000 List Date: 5/03/2022 Last Modified: 10/14/2025

Overview

Description

121 Campbell Ave., is a 6,769SF mixed-use building located in the heart of downtown Roanoke, VA. The building is recently renovated and is comprised of 5 individual units, 3 two-bedroom apartments, 1 retail unit and 1 ground-level commercial live/work suite. The building includes an elevator and spacious outdoor decking at the residential apartments. 121 Campbell Ave offers the owner an opportunity to live/work and generate additional income from long- and short-term rentals. This is a great opportunity to own a property and take advantage of the high demand for apartments in downtown Roanoke.

Listing Details MLS# 883468

Location, Tax & Legal

Area: 0110 - City of Roanoke - Downtown
Street Number: 121
Street Name: Campbell
Street Suffix: AVE
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24011
Subdivision: N/A
Municipality: City of Roanoke
Elementary School: Highland Park
Middle School: James Madison
High School: William Fleming

General Property Description

Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1920
Number of Units: 5
# Leased Units: 4
Gross Bldg SQFT: 6769
Lot Dimensions: 1 x 1
Total Acreage: 0.05
Basement Y/N: Yes
Parking Description: Off Site
Operating Expense: 18000
Net Operating Income: 38700
Gross Income: 56700
Water Class: N/A

Status Change Info

Ratified Contract Dt: 2022-05-06
Sold Date: 2022-07-01

More Information

Property Features

Limited Service: Not Limited Service Construction: Brick Basement: Partial Heating: Baseboard Electric; Heat Pump Gas Cooling: Central Air Water Description: Public Sewer Description: Public Sewer Owner Expenses: Water Tenant Expenses: Electricity; Gas

Listing Office: POE & CRONK REAL ESTATE GROUP

Last Updated: October - 14 - 2025

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