831 Hanover AVE NW
Roanoke, VA 24016
- 5 beds
- 2 baths
- 2,300 sqft
- 6,098 sqft lot
- $104 per sqft
- 1925 build
PERFECT LONG TERM INCOME OPPORTUNITY! This gorgeous 5-bedroom, 2-bath single-family home is currently converted into a duplex with one tenant in place. This property provides an excellent chance to generate consistent rental income or easily revert back to a spacious family home. Located in the heart of Roanoke, it's just minutes from downtown and Orange Avenue, offering easy access to shopping, dining, and local amenities. Whether you're an investor looking for a property with immediate rental income or someone seeking future potential, this home is ideal. Don't miss out on this rare opportunity to own a piece of Roanoke with both immediate income and long-term value!
Last checked:
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Last updated Jan 3, 2025
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MLS# 913372 —
The Building
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Year Built:1925
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Construction:vinyl, wood
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Style of House:2 Story
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Basement:partial basement
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Unit Type:1
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2,300 SqftFinished Living Area
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Total Unfinished SqFt:500.00
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Entry SqFt:1150.00
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Finished SqFt:1150.00
Interior
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Floors:ceramic tile, vinyl, wood
Location
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Directions:Take 5-81 S towards Roanoke. Take exit 4W. Right on 8th St NW. Left on Hanover Ave. Home is on the Right.
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Latitude:37.284472
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Longitude:-79.951922
The Property
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Property Type:A
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Lot Description:cleared, level
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Lot Dimensions:0.14
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0.14Acres Total:
Listing Agent
- Contact info:
- Agent phone:
- (540) 676-5454
- Office phone:
- (540) 929-1000
Taxes
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Tax ID:2031112
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Annual Property Taxes:$1,556
Beds
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5Total:
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Bedrooms Entry Level:2
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Bedrooms Upper Level:3
Baths
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2Total:
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2Full:
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Full Baths Entry Level:1
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Full Baths Upper Level:1
Heating & Cooling
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Heating:electric heat pump, zoned heat
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Cooling:central cooling, electric heat pump
Utilities
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Sewer Description:public sewer
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Water:public water
Appliances
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Appliances:Range Electric, refrigerator
Schools
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Elementary School:Lincoln Terrace
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Middle School:Lucy Addison
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High School:William Fleming
The Community
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Subdivision:N/A
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Condo Association:No
Parking
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Covered Parking:n/a
Monthly cost estimate
Asking price
$241,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,290
|
| Taxes | $129 |
| Insurance | $66 |
| Utilities | $235 See report |
| Total | $1,720/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/3/25
Jan 3, 2025
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Listed / Active | RVAR | $241,000 | 22.4% (8.8% / YR) |
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6/15/22
Jun 15, 2022
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RVAR | $196,950 | 10.1% | |
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4/25/22
Apr 25, 2022
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RVAR | $178,950 |
33% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $5k above asking price on average, but some went as high as $25k over asking price.
