135 Salem AVE SW, Roanoke, VA 24011 (MLS# 924529)


$1,795,000
135 Salem AVE SW
Roanoke, VA 24011
MLS# 924529



135 Salem AVE SW, Roanoke, VA 24011
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135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011 135 Salem AVE SW, Roanoke, VA 24011

Property Description
135 W Salem Avenue is an investment opportunity in the heart of Downtown Roanoke. This 10-unit mixed-use asset combines historic Roanoke character with modern livability, offering investors both stability and upside. The property features ground-floor commercial space positioned for strong visibility on the corner of Salem Ave and 2nd Street. Above the commercial space are nine residential units served by an elevator. 135 W Salem delivers immediate and diversified cash flow, supported by a mix of long-term residents and short-term executive tenants. The short-term units cater primarily to executive and traveling healthcare professionals. a tenant base that continues to grow alongside Roanoke's expanding medical and technology sectors.

Details
Contract Information
Current Price: $1,795,000
List Price: $1,795,000
List Date: 2026-02-09
Status: Active
General Property Description
Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1906
Number of Units: 10
# Furnished: 6
# Unfurnished: 4
# Leased Units: 10
Gross Bldg SQFT: 15676
Lot Dimensions: 30 x 140
Total Acreage: 0.08
Basement Y/N: No
Parking Description: Off Site
Operating Expense: 73627
Net Operating Income: 133068
Gross Income: 206695
Water Class: N/A
Location Legal Taxes
Area: 0110 - City of Roanoke - Downtown
Street Number: 135
Street Name: Salem
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
Property Features
Limited Service: Not Limited Service
Construction: Brick
Heating: Forced Air Electric; Heat Pump Electric
Cooling: Central Air
Water Description: Public
Sewer Description: Public Sewer
Owner Expenses: Water
Tenant Expenses: Cable TV; Deposit; Electricity

Listing Office: POE & CRONK REAL ESTATE GROUP

Last Updated: March - 19 - 2026

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