1517 Lexington AVE SW, Roanoke, VA 24015

$680,000

Property Type: MultiFamily Lot Size (sq. ft.): 15,682 Status: Closed

Current Price: $680,000 List Date: 1/03/2026 Last Modified: 3/12/2026

Overview

Description

2 buildings 7 unit townhouse style brick apartment complex within walking distance to the desired Grandin area. Most of the units have been remodeled that feature 2 bedroom 1 bath. Baseboard heat with window AC units. Dumpster contract transfers with the sale of the property. Buyers and Buyers agent to satisfy themselves with the accuracy of the information provided. Most of the information was gathered from Roanoke GIS and management company.

Listing Details MLS# 923670

Location, Tax & Legal

Area: 0130 - City of Roanoke - SW
Street Number: 1517
Street Name: Lexington
Street Suffix: AVE
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24015
Subdivision: N/A
Municipality: City of Roanoke
Elementary School: Virginia Heights
Middle School: Woodrow Wilson
High School: Patrick Henry

General Property Description

Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1969
Present Use: Built-As
Number of Units: 7
# Unfurnished: 7
# Leased Units: 5
Gross Bldg SQFT: 6368
Lot Dimensions: 100x225
Total Acreage: 0.36
Basement Y/N: No
Parking Description: Private (1 - 9)
# Vehicle Spaces: 8
Operating Expense: 20138
Net Operating Income: 62422
Gross Income: 82560
Water Class: N/A

Status Change Info

Ratified Contract Dt: 2026-01-18
Sold Date: 2026-03-04

Miscellaneous Info

Public Transport: Yes
Paid Utilities: Water, Sewer, Trash

Expenses

Tax Exp: 8000
Water Exp: 3000

More Information

Property Features

Limited Service: Not Limited Service Construction: Brick; Cement Block Basement: Crawl Space Heating: Baseboard Electric Cooling: Window Unit(s) Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Water Heater Energy: Electric Amenities Common: Cable TV Lease Type: One Year Owner Expenses: Trash Disposal; Water Interior Features: Ceiling Fan(s) Internet Access: Cable Views: Mountain(s) Tenant Expenses: Cable TV; Electricity Slr Pd Fin Concessns: No

Listing Office: KEYSTONE REALTY OF ROANOKE LLC

Last Updated: March - 12 - 2026

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