5522 Crestwood DR & 5524, Roanoke, VA 24018
$395,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
11,326
Status:
Active
Current Price:
$395,000
List Date:
9/30/2025
Last Modified:
10/22/2025
Description
Investor opportunity in Southwest Roanoke! This well-kept duplex offers two spacious 2BR/1.5BA units, each featuring in-unit laundry, private driveway parking, and back patios. Both units are tenant-occupied, providing immediate rental income with strong occupancy history. The property sits on a 0.26-acre lot in a quiet cul-de-sac. Located near Starkey Rd, Electric Rd, and Tanglewood Mall for shopping, dining, and major commuter routes. Located in the desirable Cave Spring school district, this property combines steady cash flow with long-term growth potential.
More Information MLS# 921443
General Property Description
Multi-Family Type: Duplex
Construction Status: Completed
Total Acreage: 0.26
# Furnished: 0
# Unfurnished: 2
# Leased Units: 2
Gross Bldg SQFT: 2100
Basement Y/N: No
Water Class: N/A
Parking Description: Private (1 - 9)
Gross Income: 24000
Year Built: 1999
Number of Units: 2
Operating Expense: 6560
Net Operating Income: 16480
Location, Tax & Legal
Major Area: 02 - Roanoke County
Unit #: & 5524
Phase: 0
Subdivision Map: 0
Lot: 0
Block: 0
Tax ID: 087.14-06-02.00-0000
Annual Taxes: 2485
Section: 0
Zoning Code: R-2
POA Y/N: No
Area: 0230 - Roanoke County - South
Street Number: 5522
Street Name: Crestwood
Street Suffix: DR
State/Province: VA
Zip Code: 24018
Subdivision: N/A
Municipality: Roanoke County
Elementary School: Penn Forest
Middle School: Cave Spring
High School: Cave Spring
Remarks & Misc
Directions: 5522 Crestwood Dr.
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Vinyl: 1
Basement
Slab: 1
Heating
Heat Pump Electric: 1
Cooling
Central Air: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Owner Expenses
Lawn Care: 1
Management Fee: 1
Tenant Expenses
All Utilities: 1
Expenses
Maintenance Exp: 2304
Tax Exp: 2485
Insurance Exp: 1025
Electric Exp: 0
Gas Exp: 0
Oil Exp: 0
Water Exp: 0
Contract Information
Current Price: $395,000
List Price: $395,000
List Date: 2025-09-27
Status: Active
Property Features
Limited Service: Not Limited Service
Construction: Brick; Vinyl
Basement: Slab
Heating: Heat Pump Electric
Cooling: Central Air
Water Description: Public
Sewer Description: Public Sewer
Owner Expenses: Lawn Care; Management Fee
Tenant Expenses: All Utilities
Listing Office:
VRC PROPERTIES LLC
Last Updated: October - 22 - 2025
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