434 Allison AVE SW, Roanoke, VA 24016

New Listing

$324,950

Property Type: MultiFamily Lot Size (sq. ft.): 6,534 Status: Active

Current Price: $324,950 List Date: 8/06/2026 Last Modified: 8/06/2026

Overview

Description

Fully leased, well-maintained triplex located less than one mile from the Carilion Medical Center and vibrant downtown Roanoke, with proximity to Highland Park and the Greenway system. Situated on a corner lot in the Old Southwest Historic District, this property features charming finishes, including high ceilings, French doors, decorative fireplaces, and covered porches. Hardwood floors, tons of natural light, and exceptionally large closets. Additionally, the property is professionally managed, has no-paint aluminum siding, includes a master key system, and offers shared on-site laundry facilities for the tenants. Upgrades include new concrete walkways and stairs, new paint on exterior and in Unit B, and new dryer in common laundry, all in 2026.

Listing Details MLS# 930151

Location, Tax & Legal

Area: 0130 - City of Roanoke - SW
Street Number: 434
Street Name: Allison
Street Suffix: AVE
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24016
Subdivision: Old Southwest
Municipality: City of Roanoke
Elementary School: Highland Park
Middle School: James Madison
High School: Patrick Henry
Major Area: 01 - City of Roanoke
Phase: 0
Lot: Yes
Block: 9
Tax ID: 103-0301
Annual Taxes: 3124
Section: No
POA Y/N: No

General Property Description

Multi-Family Type: Triplex
Construction Status: Completed
Year Built: 1900
Present Use: Converted
Number of Units: 3
# Unfurnished: 3
# Leased Units: 3
Gross Bldg SQFT: 2856
Lot Dimensions: 50 x 130
Total Acreage: 0.15
Basement Y/N: Yes
Parking Description: On Street
Operating Expense: 19068
Net Operating Income: 16231
Gross Income: 35299
Water Class: N/A
# Furnished: 0

Miscellaneous Info

Public Transport: Yes
Paid Utilities: Gas & Water

Remarks & Misc

Directions: From Franklin Rd N, Left on Allison. Home on Left at corner of 5th St.

Limited Service

Not Limited Service: Yes

More Information

Construction

Aluminum: Yes

Basement

Partial: Yes

Views

Mountain(s): Yes

Heating

Radiator Gas Heat: Yes

Misc Features

Current Lease: Yes
Laundry Facility: Yes
Pet Allowed: Yes
Walk to School: Yes

Cooling

Window Unit(s): Yes

Water Description

Public: Yes

Sewer Description

Public Sewer: Yes

Water Heater Type

Tank: Yes

Water Heater Energy

Natural Gas: Yes

Lease Type

One Year: Yes
Month To Month: Yes

Owner Expenses

Gas: Yes
Management Fee: Yes
Water: Yes

Interior Features

Ceiling Fan(s): Yes
Walk-In Closet(s): Yes

Internet Access

Cable: Yes

Tenant Expenses

Cable TV: Yes
Electricity: Yes

Property Features

Limited Service: Not Limited Service Construction: Aluminum Basement: Partial Heating: Radiator Gas Heat Cooling: Window Unit(s) Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Water Heater Energy: Natural Gas Lease Type: One Year; Month To Month Owner Expenses: Gas; Management Fee; Water Interior Features: Ceiling Fan(s); Walk-In Closet(s) Misc Features: Current Lease; Laundry Facility; Pet Allowed; Walk to School Internet Access: Cable Views: Mountain(s) Tenant Expenses: Cable TV; Electricity

Listing Office: PARK PLACE REALTY INC

Last Updated: August - 06 - 2026

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