1195 Fairmont DR, Vinton, VA 24179
$349,500
Property Type:
MultiFamily
Lot Size (sq. ft.):
9,148
Status:
Active
Current Price:
$349,500
List Date:
10/07/2025
Last Modified:
10/13/2025
Description
Excellent investment opportunity in a prime Vinton location, right outside of Roanoke! This duplex is in wonderful condition with each unit featuring 2 bedrooms and 1.5 bathrooms. Both units are wheelchair accessible with single-level living. Property provides steady rental income with two tenants currently paying $800/month but market could potentially support raising rent prices. Located just off 24 behind Carter Bank and Trust, this property is in a prime location near grocery stores, restaurants, banks, pharmacies, WE Cundiff Elementary, and William Byrd High School.
More Information MLS# 921563
General Property Description
Multi-Family Type: Duplex
Construction Status: Completed
Total Acreage: 0.21
# Furnished: 0
# Unfurnished: 2
# Leased Units: 2
Gross Bldg SQFT: 1792
Basement Y/N: No
Water Class: N/A
Parking Description: Private (1 - 9)
Gross Income: 18300
Year Built: 1996
Number of Units: 2
Operating Expense: 4125
Net Operating Income: 14174
Location, Tax & Legal
Major Area: 02 - Roanoke County
Phase: 0
Lot: 0
Block: 0
Tax ID: 061.13-04-25.01-0000
Annual Taxes: 2216.12
Section: 0
Zoning Code: R2
POA Y/N: No
Area: 0221 - Roanoke County - Town of Vinton
Street Number: 1195
Street Name: Fairmont
Street Suffix: DR
State/Province: VA
Zip Code: 24179
Subdivision: N/A
Municipality: Town of Vinton
Elementary School: W. E. Cundiff
Middle School: William Byrd
High School: William Byrd
Remarks & Misc
Directions: From 24, L on Bush Dr, R on Fairmont, last property on L before Preston.
Limited Service
Not Limited Service: 1
Construction
Aluminum: 1
Brick: 1
Vinyl: 1
Basement
Slab: 1
Heating
Heat Pump Electric: 1
Misc Features
Current Lease: 1
Handicap Access: 1
Cooling
Heat Pump Electric: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Lease Type
Month To Month: 1
Owner Expenses
Lawn Care: 1
Sewer: 1
Water: 1
Tenant Expenses
Cable TV: 1
Electricity: 1
Expenses
Maintenance Exp: 749
Tax Exp: 2216
Insurance Exp: 500
Water Exp: 659
Contract Information
Current Price: $349,500
List Price: $349,500
List Date: 2025-10-03
Status: Active
Property Features
Limited Service: Not Limited Service
Construction: Aluminum; Brick; Vinyl
Basement: Slab
Heating: Heat Pump Electric
Cooling: Heat Pump Electric
Water Description: Public
Sewer Description: Public Sewer
Lease Type: Month To Month
Owner Expenses: Lawn Care; Water
Misc Features: Current Lease; Handicap Access
Tenant Expenses: Cable TV; Electricity
Listing Office:
RE/MAX LAKEFRONT REALTY INC
Last Updated: October - 13 - 2025
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