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2533 Stephenson Ave SW
Roanoke, VA 24014
INVESTMENT OPPORTUNITY IN SOUTH ROANOKE · Multifamily Property For Sale
Investment Highlights
- Combined offering of two multi-family duplex assets in South Roanoke.
- Positioned within a sought-after residential neighborhood with strong rental demand.
- Proximity to major employers including Carilion Clinic and higher education centers.
- Located minutes from U.S. Route 220, providing convenient regional connectivity.
- Properties maintained and situated on separate parcels for ownership flexibility.
- Opportunity to secure consistent cash flow in a growing Western Virginia market.
Executive Summary
This is a rare opportunity to acquire two well-maintained duplex properties located in Roanoke's desirable South Roanoke neighborhood. The portfolio includes one duplex on Stephenson Avenue totaling 3,232 SF on 0.1588 acres, built in 1984, and one duplex on Carolina Avenue totaling 1,890 SF on 0.1381 acres, built in 1974. Each property offers strong rental income potential and stable occupancy within a submarket known for consistent demand and proximity to key employment centers.
Positioned in a neighborhood with quick access to U.S. Route 220 and downtown Roanoke, the properties provide an attractive combination of accessibility and residential appeal. This investment is well-suited for buyers seeking a steady income stream, long-term appreciation, and solid fundamentals in a dynamic market underscored by growth in healthcare, advanced manufacturing, and education sectors. Offered at $850,000 for both properties combined, this portfolio presents streamlined operational performance and the security of assets in one of Roanoke’s most established districts.
Positioned in a neighborhood with quick access to U.S. Route 220 and downtown Roanoke, the properties provide an attractive combination of accessibility and residential appeal. This investment is well-suited for buyers seeking a steady income stream, long-term appreciation, and solid fundamentals in a dynamic market underscored by growth in healthcare, advanced manufacturing, and education sectors. Offered at $850,000 for both properties combined, this portfolio presents streamlined operational performance and the security of assets in one of Roanoke’s most established districts.
Property Facts
| Price / SF | $165.95 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 5,122 SF |
| Status | Active | Total Land Area | 0.30 AC |
| Number of Properties | 2 |
| Price / SF | $165.95 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,122 SF |
| Total Land Area | 0.30 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2533 Stephenson Ave SW, Roanoke, VA 24014 | Multifamily | 3,232 SF | 1984 | - |
| 2219 Carolina Ave SW, Roanoke, VA 24014 | Multifamily | 1,890 SF | 1974 | - |
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