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Multifamily Duplex Opportunity 1314 Archbold Ave NE 2 Unit Apartment Building $345,000 ($172,500/Unit) Roanoke, VA 24012
Investment Highlights
- Ample off-street parking
- Cape Cod-style duplex offering flexibility for investors, owner-occupants, or multigenerational living
- Adjoining lot (3220805) provides potential for future expansion and additional income-producing opportunities
- Front and side porch
- Unfinished lower level provides even more storage space
Executive Summary
Rare opportunity to own a spacious, original-owner Cape Cod-style duplex offering flexibility for investors, owner-occupants, or multigenerational living. The front unit features 2 bedrooms, a loft, 1 full bath, and 1 half bath, along with a fully equipped kitchen with all appliances and an unfinished lower level with laundry hookups, providing excellent storage or future expansion potential. The rear unit offers 1 bedroom, 1 large full bath, in-unit washer and dryer, and a second fully equipped kitchen. Additional features include a roof approximately 6 years old, front & side porch, and ample off-street parking. Another unfinished lower level provides even more storage space along with adjoining lot (3220805) potential for future expansion and additional income-producing opportunities.
Property Facts
| Price | $345,000 | Building Class | C |
| Price Per Unit | $172,500 | Lot Size | 0.47 AC |
| Sale Type | Investment | Building Size | 2,060 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1996 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM-1 - Residential Multi-Family-1 | ||
| Price | $345,000 |
| Price Per Unit | $172,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 2,060 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Opportunity Zone |
Yes |
| Zoning | RM-1 - Residential Multi-Family-1 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Basement
- Dining Room
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | - | - |
| 1+1 | 1 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $266,000 | |
| Land Assessment | $53,100 | Total Assessment | $319,100 |
Property Taxes
Parcel Numbers
Land Assessment
$53,100
Improvements Assessment
$266,000
Total Assessment
$319,100
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Multifamily Duplex Opportunity | 1314 Archbold Ave NE