$1,795,000

135 Salem AVE, Roanoke, VA 24011

  • 15,676 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1906
  • Property Lot Size Icon3,485sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $115/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Date Added:
February 9, 2026
Data Last Updated:
April 5, 2026 at 4:21AM
Listing Office:
POE & CRONK REAL ESTATE GROUP : (540) 982-2444
MLS ID:
924529
  • Parking: Parking spaces: 10
  • County: City of Roanoke
  • Zoning: D1010404

This listing courtesy of POE & CRONK REAL ESTATE GROUP

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Highland Park Elementary School

1212 5th St SW, Roanoke, VA, 24016

Grades PK-5

0.76 miles away

J

James Madison Middle School

1160 Overland Rd SW, Roanoke, VA, 24015

Grades 6-8

2.32 miles away

W

William Fleming High School

3649 Ferncliff Ave NW, Roanoke, VA, 24017

Grades 9-12

3.31 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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