Sold
Last Sold Price
1028 Ray Rd SE, Roanoke, VA 24014
Multi FamilyProperty Type
6,969 sq ftLot Size
1987Year Built
2 carsParking Spaces

Description

Attention Investors.. Duplex located convenient to Downtown. Up and Down Duplex, lower unit is vacant. Renters pay all utilities, Siding and Roof replaced and Heatpumps in 2006. Nice Decks on lower and upper unit. Nestled near the end of the road on a serene gentle lot. Lower Unit-Dishwasher replaced in 2025,Upper Unit Dishwasher 2019, 2025 bath light and cabinet replaced
Seller pays Taxes 2230.00 and insurance. Upper unit rent $985 monthly,washer and dryer in upper unit, dryer in lower unit. All
...Attention Investors.. Duplex located convenient to Downtown. Up and Down Duplex, lower unit is vacant. Renters pay all utilities, Siding and Roof replaced and Heatpumps in 2006. Nice Decks on lower and upper unit. Nestled near the end of the road on a serene gentle lot. Lower Unit-Dishwasher replaced in 2025,Upper Unit Dishwasher 2019, 2025 bath light and cabinet replaced
Seller pays Taxes 2230.00 and insurance. Upper unit rent $985 monthly,washer and dryer in upper unit, dryer in lower unit. All Appliances sold as is. 10% management fee by Lawson Realty. If both units leased it was bringing in $23,640 - 10% management fee -taxes and insurance
  • Listed by: GLENDA MCDANIEL • LONG & FOSTER - SMITH MTN LAKE
  • Listed by: STEVEN MCDANIEL • LONG & FOSTER - SMITH MTN LAKE
Listing closed: 08/07/2025 12:00 AM • Source: Roanoke Valley Association of REALTORS, MLS#: 916581

Location

Listing Courtesy of LONG & FOSTER - SMITH MTN LAKE, GLENDA MCDANIEL; LONG & FOSTER - SMITH MTN LAKE, STEVEN MCDANIEL

Sold By LONG & FOSTER - SMITH MTN LAKE, GLENDA MCDANIEL; LONG & FOSTER - SMITH MTN LAKE, STEVEN MCDANIEL

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Payment Calculator

$1,380 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,194

Property Taxes

$186

HOA Dues

$0

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Property Information for 1028 Ray Road Southeast

Property Details
  • Taxes: $2,230 / year
  • MLS Type: MultiFamily / Duplex
  • Zoning: R5
  • Subdivision Name: NA
  • Covered Spaces: 18266.0
  • Parking Total: 2.0
Building Information
  • Residences: 2
  • Year Built: 1987
  • Lot Size: 0.16 AC / 6,969 SF
Summary
Location and General Information
  • Directions: GARDEN CITY BLVD. TO RIGHT ON RAY RD. TO DUPLEX ON RIGHT near end of road 1028 and 1030.1030 can be shown, appointment to show 1028.
  • MLS Area Major: 0170 - City of Roanoke - Garden City
  • City: Roanoke
  • State Or Province: VA
  • Postal Code: 24014
  • County Or Parish: City of Roanoke
  • MLS Area Minor: 0170 - City of Roanoke - Garden City
  • General Property Description - Water Class: N/A
Taxes and HOA
  • Association YN: No
  • Association Fee: $0
  • Parcel Number: 429-0111
  • Tax Block: 0
  • Tax Lot: B
  • Tax Tract Or Section: 0
  • Tax Amount: $2,230
  • Location Legal Taxes - Phase: $0
  • Location Legal Taxes - Annual Taxes: $2,230
  • Location Legal Taxes - Section: 0
  • Location Legal Taxes - POA YN: No
School Information
  • Elementary School: Garden City
  • Middle Or Junior School: John P. Fishwick
  • High School: Patrick Henry
Parking
  • Attached Garage: No
  • General Property Description - Parking Description: Private (1 - 9)
Property
Lot Information
  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Units: Acres
  • Lot Size Square Feet: 6969.6
  • General Property Description - Total Acreage: 0.16
Property and Assessments
  • Total Bathrooms Source: MLS
  • Property Type: MultiFamily
  • Year Built: 1987
  • Property Sub Type: Duplex
  • Property Type Label: MultiFamily
  • General Property Description - Construction Status: Completed
  • General Property Description - Present Use: Built-As
Utilities
  • Sewer: Public Sewer
  • Water Description - Public Water: Yes
  • Internet Access - Current Internet Prov: Cox
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
Interior Features
  • Water Heater Type - Tank: Yes
  • Water Heater Energy - Electric: Yes
  • Heating: Heat Pump
  • Interior Features: Ceiling Fan(s)
  • Basement: Slab
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Heating: Yes
  • General Property Description - Basement: No
  • Interior Features - Ceiling Fan: Yes
  • General Property Description - # Furnished: 0.0
  • General Property Description - # Unfurnished: 2.0
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • General Property Description - # Leased Units: 1
Income & Expenses
  • Gross Scheduled Income: $23,640
  • Operating Expense: $5,374
  • Insurance Expense: $780
  • Professional Management Expense: $2,364
  • General Property Description - Gross Income: $23,640
  • Gross Income: $23,640
  • Net Operating Income: $18,266
Unit 1
  • Unit Number: Type 1
  • Beds Total: 2
  • Furnished: 1
  • SqFt: 840
  • Parking: Dishwasher
  • Rent: Refrigerator
  • Bathroom: Range Electric
  • Remarks: Clothes Dryer
Unit 2
  • Unit Number: Type 2
  • Beds Total: 2
  • Furnished: 1
  • SqFt: 840
  • Parking: Dishwasher
  • Rent: Refrigerator
  • Bathroom: Range Electric
  • Remarks: Clothes Dryer
Rental
Rental Information
  • Lease Term: One Year
  • Tenant Expenses - All Utilities: Yes
  • Tenant Expenses - Cable TV: Yes
  • Tenant Expenses - Insurance: Yes

Property History for 1028 Ray Road Southeast

DateEvent & SourcePriceAppreciation
Aug 7, 2025

Sold

Roanoke Valley Association of REALTORS #916581

$235,000
Jul 23, 2025

Sold (Public Record)

Public Record #1908224138

$235,000

+3.6% / yr

Jul 5, 2025

Pending

Roanoke Valley Association of REALTORS #916581

DateEvent & SourcePrice
08/07/2025

Sold

Roanoke Valley Association of REALTORS #916581

$235,000
07/23/2025

Sold (Public Record)

Public Record #1908224138

$235,000

+3.6% / yr

07/05/2025

Pending

Roanoke Valley Association of REALTORS #916581

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1028 Ray Road Southeast

Taxable ValueLand$32,400Additions$133,700Total$166,100
Tax Record2026$2,026 ($169 / month)
Home Facts
Total Finished SqFt1,680 SqFtAbove Grade Finished SqFt1,680 SqFtStories2Lot Size6,739 SqFtStyleMulti-Family Dwelling (2-4)Year Built1987ZoningR-5CountyROANOKE CITYAPN429-0111Fireplace TypeHas Fireplace

Schools near 1028 Ray Road Southeast

This home is within Roanoke City Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 12
Rating
School
Distance
Garden City Elementary School
PublicPK to 5

Stonewall Jackson Middle School
Public6 to 8

Patrick Henry High School
Public9 to 12

Faith Christian School
PrivatePK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of LONG & FOSTER - SMITH MTN LAKE, GLENDA MCDANIEL; LONG & FOSTER - SMITH MTN LAKE, STEVEN MCDANIEL

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.