Last Sold Price
1522 Franklin Rd SW, Roanoke, VA 24016

Description

Good cash flow. Historic Old Southwest. Convenient to downtown and Carilion. Units remodeled and 100% rented. Owner anxious to sell. 8 efficiency and 4 one-bedroom apartments. Owner expenses include trash disposal and sewer.Good cash flow. Historic Old Southwest. Convenient to downtown and Carilion. Units remodeled and 100% rented. Owner anxious to sell. 8 efficiency and 4 one-bedroom apartments. Owner expenses include trash disposal and sewer.
LISTING CLOSED: 08/29/2012 12:00 AM

  1. Listed by MIKE BIRMINGHAM • MKB, REALTORS®

Property Details for 1522 Franklin Road Southwest

Status
MLS #
780987
Days on Market
70
Taxes
$3,571 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
MultiFamily
Year Built
1925
Lot Size
0.00 AC / 0 SF
Zoning
H2/C1
Subdivision Name
N/A
Covered Spaces
49443.0
Parking Total
8.0

Recent comparable sales

Median sold price

$347,500

Avg days on market

75

Sale-to-list ratio

91.5%

Roanoke, VA

9 comparable properties found

a view of a house with a yard
1/6
1

$312,500

Sold 06/17/25

1
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
Unavailable
Acres
a view of a house with a yard and large tree
1/14
2

$395,000

Sold 10/27/25

1
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.17
Acres
a view of a street with cars on the road
1/2
3

$400,000

Sold 10/11/24

1
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
Unavailable
Acres
$347,500 | 2011 Denniston Avenue Southwest, Roanoke, VA 24015
1/30
4

$347,500

Sold 06/30/26

1
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.17
Acres
$419,950 | 376 Walnut Avenue Southwest, Roanoke, VA 24016
1/21
5

$419,950

Sold 01/27/25

1
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.27
Acres
$305,000 | 1630 Wayne Street Northeast, Roanoke, VA 24012
1/7
6

$305,000

Sold 11/05/25

1
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.29
Acres
a front view of house with yard
1/14
7

$352,000

Sold 06/30/26

1
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.17
Acres
a view of house with a yard
1/32
8

$310,000

Sold 04/25/25

2
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.15
Acres
front view of a house with a tree
1/6
9

$331,500

Sold 11/08/24

2
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
Unavailable
Acres

Location

Listing Courtesy of MKB, REALTORS®, MIKE BIRMINGHAM

Sold By RE/MAX ALL POINTS, MELISSA BRUMBAUGH

Add your commute

Building Information for 1522 Franklin Road Southwest

Stories-Residences12Year Built1925Building Size-Lot Size0.00 AC / 0 SF

Payment Calculator

$1,975 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,677

Property Taxes

$298

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1522 Franklin Road Southwest

Summary
Location and General Information
  • Directions: 581 to Franklin Road exit.
  • MLS Area Major: 0130 - City of Roanoke - SW
  • City: Roanoke
  • State Or Province: VA
  • Postal Code: 24016
  • County Or Parish: City of Roanoke
  • MLS Area Minor: 0130 - City of Roanoke - SW
  • General Property Description - Water Class: N/A
Taxes and HOA
  • Association YN: No
  • Association Fee: $0
  • Parcel Number: 1031205
  • Tax Block: 50E
  • Tax Lot: 4
  • Tax Tract Or Section: SW4
  • Tax Amount: $3,571
  • Location Legal Taxes - Phase: $0
  • Location Legal Taxes - Annual Taxes: $3,571
  • Location Legal Taxes - Section: SW4
  • Location Legal Taxes - POA YN: No
School Information
  • Elementary School: Virginia Heights
  • Middle Or Junior School: James Madison
  • High School: Patrick Henry
Parking
  • Attached Garage: No
  • General Property Description - Parking Description: Private (1 - 9)
Property
Lot Information
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Dimensions: 79 x 189
  • Lot Size Square Feet: 0.0
Property and Assessments
  • Total Bathrooms Source: MLS
  • Property Type: MultiFamily
  • Year Built: 1925
  • Property Type Label: MultiFamily
  • General Property Description - Construction Status: Completed
  • General Property Description - Present Use: Built-As
Utilities
  • Miscellaneous Info - Public Transport2: Yes
  • Sewer: Public Sewer
  • Water Description - Public Water: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
Interior Features
  • Cooling: Window Unit(s)
  • Heating: True
  • Basement: Partial Basement
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: Yes
  • Heating: Yes
  • General Property Description - Basement: Yes
  • General Property Description - # Furnished: 0.0
  • General Property Description - # Unfurnished: 12.0
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
  • General Property Description - # Leased Units: 12
Income & Expenses
  • Gross Scheduled Income: $63,540
  • Operating Expense: $14,097
  • Electric Expense: $500
  • Gas Expense: $2,500
  • Insurance Expense: $1,270
  • Maintenance Expense: $2,000
  • General Property Description - Gross Income: $63,540
  • Gross Income: $63,540
  • Net Operating Income: $49,443
  • Expenses - Water Exp: $2,820
Unit 1
  • Unit Number: Type 1
  • Units Total: 8
  • Furnished: 1
  • Parking: Refrigerator
  • Rent: Range Electric
Unit 2
  • Unit Number: Type 2
  • Units Total: 4
  • Beds Total: 1
  • Furnished: 1
  • Parking: Refrigerator
  • Rent: Range Electric
Rental
Rental Information
  • Lease Term: One Year
  • Tenant Expenses - Cable TV: Yes
  • Tenant Expenses - Electricity: Yes
  • Tenant Expenses - Gas: Yes

Property History for 1522 Franklin Road Southwest

DateEvent & SourcePriceAppreciation
Aug 29, 2012

Sold

Roanoke Valley Association of REALTORS #780987

$330,000
Aug 28, 2012

Sold (Public Record)

Public Record #429698173

$330,000

-0.4% / yr

Jun 27, 2012

Pending

Roanoke Valley Association of REALTORS #780987

DateEvent & SourcePrice
08/29/2012

Sold

Roanoke Valley Association of REALTORS #780987

$330,000
08/28/2012

Sold (Public Record)

Public Record #429698173

$330,000

-0.4% / yr

06/27/2012

Pending

Roanoke Valley Association of REALTORS #780987

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

Public Records for 1522 Franklin Road Southwest

Taxable ValueLand$146,600Additions$598,300Total$744,900
Tax Record2026$9,088 ($757 / month)
Home Facts
Total Finished SqFt7,324 SqFtAbove Grade Finished SqFt7,324 SqFtUnfinished Basement SqFt915 SqFtStories2Lot Size13,316 SqFtStyleMulti-Family Res (5+ Units)Year Built1925Year Renovated1925ZoningMXCountyROANOKE CITYAPN103-1205

Schools near 1522 Franklin Road Southwest

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 - K to 12
Rating
School
Distance
Highland Park Elementary School
PublicPK to 5

James Madison Middle School
Public6 to 8

Patrick Henry High School
Public9 to 12

Rivermont School - Roanoke
PrivateK 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MKB, REALTORS®, MIKE BIRMINGHAM

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.