611 Stewart AVE SE, Roanoke, VA 24013
$234,500
Property Type:
MultiFamily
Lot Size (sq. ft.):
5,227
Status:
Active
Current Price:
$234,500
List Date:
9/26/2025
Last Modified:
11/12/2025
Description
Don't miss the chance to secure a solid investment with stable cash flow and good cap rate. This well-maintained TRIPLEX offers an excellent investment opportunity. Two of three units are currently rented, providing immediate income, while the third unit is vacant and ready for a new tenant. All units have been recently renovated, featuring fresh paint, new flooring, and essential safety improvements, ensuring a comfortable living environment for tenants. A new roof was installed in 2023, adding long-term value and peace of mind for future maintenance. The property is ideal for investors looking to expand their portfolio with a move-in ready asset.
More Information MLS# 921340
General Property Description
Lot Dimensions: 40 x 130
Multi-Family Type: Triplex
Construction Status: Completed
Total Acreage: 0.12
Present Use: Converted
# Furnished: 0
# Unfurnished: 3
# Leased Units: 2
Gross Bldg SQFT: 2302
Basement Y/N: Yes
Water Class: N/A
Parking Description: Private (1 - 9)
# Vehicle Spaces: 2
Gross Income: 27164
Year Built: 1895
Number of Units: 3
Operating Expense: 3160
Net Operating Income: 24004
Location, Tax & Legal
Major Area: 01 - City of Roanoke
Phase: 0
Subdivision Map: Belmont
Lot: 3
Block: 10
Tax ID: 4012233
Annual Taxes: 1666
Section: 0
Zoning Code: RM-1
POA Y/N: No
Area: 0160 - City of Roanoke - SE
Street Number: 611
Street Name: Stewart
Street Suffix: AVE
Street Direction Sfx: SE
State/Province: VA
Zip Code: 24013
Subdivision: Belmont
Municipality: City of Roanoke
Elementary School: Fallon Park
Middle School: John P. Fishwick
High School: William Fleming
Remarks & Misc
Directions: Take the Elm Ave Exit (6) from I-581. At the end of the ramp, turn onto Elm Ave heading east. Turn left onto 7th St. SE. Turn Left onto Stewart Ave. SE. Property is on the Left.
Limited Service
Not Limited Service: 1
Construction
Vinyl: 1
Basement
Dirt Floor: 1
Full: 1
Views
City: 1
Heating
Baseboard Electric: 1
Misc Features
Current Lease: 1
Miscellaneous Info
Public Transport: Yes
Cooling
None: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Amenities Common
Cable TV: 1
Lease Type
One Year: 1
Owner Expenses
Lawn Care: 1
Water: 1
Internet Access
Fiber: 1
Cable: 1
Cur'nt Internet Prov: COX, GloFiber
Tenant Expenses
Cable TV: 1
Electricity: 1
Sewer: 1
Expenses
Tax Exp: 1666
Water Exp: 1238
Contract Information
Current Price: $234,500
List Price: $234,500
List Date: 2025-09-26
Status: Active
Property Features
Limited Service: Not Limited Service
Construction: Vinyl
Basement: Dirt Floor; Full
Heating: Baseboard Electric
Cooling: None
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank
Water Heater Energy: Electric
Amenities Common: Cable TV
Lease Type: One Year
Owner Expenses: Lawn Care; Water
Misc Features: Current Lease
Internet Access: Cable; Fiber
Tenant Expenses: Cable TV; Electricity; Sewer
Listing Office:
LICHTENSTEIN ROWAN, REALTORS®
Last Updated: November - 12 - 2025
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