1822 Patterson Ave SW

Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Exceptional investment opportunity located in the desirable 1822 Historic District of Roanoke. This well-maintained triplex blends historic charm with modern capital improvements, making it an attractive addition to any portfolio. Recent exterior updates include a new roof (2025) and new metal porch roof (2025), both completed in accordance with Historic District guidelines, preserving the architectural integrity of the property while providing long-term durability. Two occupied units provide immediate...Exceptional investment opportunity located in the desirable 1822 Historic District of Roanoke. This well-maintained triplex blends historic charm with modern capital improvements, making it an attractive addition to any portfolio. Recent exterior updates include a new roof (2025) and new metal porch roof (2025), both completed in accordance with Historic District guidelines, preserving the architectural integrity of the property while providing long-term durability. Two occupied units provide immediate cash flow, while the vacant, renovated unit offers upside at market rent. Located minutes from Downtown Roanoke, dining, shopping, greenways, and medical facilities. A strong opportunity for investors seeking stabilized income with additional value potential
  1. Listed by MATTHEW JONES • IVY REALTY LLC
  2. Listed by JAMES MORRIS • IVY REALTY LLC

Property Details for 1822 Patterson Avenue Southwest

Subdivision Name
N/A
Covered Spaces
30340.0
LISTING UPDATED: 02/20/2026 09:57 PM

Property Details for 1822 Patterson Avenue Southwest

StatusActive
MLS #924835
Days on Market33
Taxes$3,081 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiFamily / Triplex
Year Built1900
Lot Size7488.00 AC / 326,177,280 SF
CountyRoanoke Independent City

Location

Listing Courtesy of IVY REALTY LLC, MATTHEW JONES; IVY REALTY LLC, JAMES MORRIS
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Building Information for 1822 Patterson Avenue Southwest

Stories-Residences3Year Built1900Building Size-Lot Size7488.00 AC / 326,177,280 SF

Payment Calculator

$1,591 per month

30 year fixed, 6.11% Interest

Principal and Interest

$1,335

Property Taxes

$257

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1822 Patterson Avenue Southwest

Summary
Location and General Information
  • Directions: From Downtown to Patterson Ave SW
  • 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: 1313603
  • Tax Block: 27
  • Tax Lot: 6
  • Tax Tract Or Section: 0
  • Tax Amount: $3,081
  • Location Legal Taxes - Phase: $0
  • Location Legal Taxes - Annual Taxes: $3,081
  • Location Legal Taxes - Section: 0
  • Location Legal Taxes - POA YN: No
School Information
  • Elementary School: Hurt Park
  • Middle Or Junior School: James Madison
  • High School: Patrick Henry
Parking
  • Attached Garage: No
  • General Property Description - Parking Description: Unpaved
Property
Lot Information
  • Lot Size Acres: 7488.0
  • Lot Size Area: 7488.0
  • Lot Size Units: Acres
  • Lot Size Square Feet: 3.2617728E8
  • General Property Description - Total Acreage: 7488.0
Property and Assessments
  • Total Bathrooms Source: MLS
  • Property Type: MultiFamily
  • Year Built: 1900
  • Property Sub Type: Triplex
  • Property Type Label: MultiFamily
  • General Property Description - Construction Status: Completed
Utilities
  • Sewer: True
  • Water Description - Public Water: Yes
  • Internet Access - Cable: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Amenities Common - Cable TV: Yes
Interior Features
  • Water Heater Energy - Electric: Yes
  • Cooling: Central Air
  • Heating: Heat Pump Electric
  • Interior Features: Ceiling Fan(s)
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: Yes
  • Heating: Yes
  • General Property Description - Basement: No
  • Interior Features - Ceiling Fan: Yes
  • General Property Description - # Furnished: 0.0
  • General Property Description - # Unfurnished: 3.0
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • General Property Description - # Leased Units: 2
Income & Expenses
  • Gross Scheduled Income: $35,340
  • Operating Expense: $5,000
  • General Property Description - Gross Income: $35,340
  • Gross Income: $35,340
  • Net Operating Income: $30,340
Unit 1
  • Unit Number: Type 1
  • Units Total: 1
  • Beds Total: 3
  • Furnished: 1
  • Stories: 0
  • SqFt: 966
  • Parking: Refrigerator
Unit 2
  • Unit Number: Type 2
  • Units Total: 2
  • Beds Total: 2
  • Furnished: 1
  • Stories: 0
  • SqFt: 664
  • Parking: Refrigerator
Rental
Rental Information
  • Tenant Expenses - Electricity: Yes

Property History for 1822 Patterson Avenue Southwest

DateEvent & SourcePriceAppreciation
Feb 21, 2026

Listed (Active)

Roanoke Valley Association of REALTORS #924835

$275,000
Jan 11, 2022

Sold (Public Record)

Public Record #1481397977

$185,400
Jan 11, 2022

Sold (Public Record)

Public Record #1481397978

$299,500

+55.4% / yr

Sep 29, 2020

Sold (Public Record)

Public Record #681557810

$170,000

+14.3% / yr

Aug 22, 2018

Sold

Roanoke Valley Association of REALTORS #849370

$128,000
Aug 16, 2018

Sold (Public Record)

Public Record #628865061

$128,000

+7.2% / yr

Aug 10, 2018

Pending

Roanoke Valley Association of REALTORS #849370

Aug 3, 2018

Listed (Active)

Roanoke Valley Association of REALTORS #849370

$154,900
Nov 30, 2016

Withdrawn

Roanoke Valley Association of REALTORS #827466

Jun 13, 2016

Listed (Active)

Roanoke Valley Association of REALTORS #827466

$39,900
Sep 10, 2008

Sold (Public Record)

Public Record #429661475

$64,050
Apr 28, 2008

Withdrawn

Roanoke Valley Association of REALTORS #711344

Jan 15, 2008

Listed (Active)

Roanoke Valley Association of REALTORS #711344

$87,950
Dec 31, 2006

Expired

Roanoke Valley Association of REALTORS #508144

Aug 11, 2005

Listed (Active)

Roanoke Valley Association of REALTORS #508144

$94,950
DateEvent & SourcePrice
02/21/2026

Listed (Active)

Roanoke Valley Association of REALTORS #924835

$275,000
01/11/2022

Sold (Public Record)

Public Record #1481397977

$185,400
01/11/2022

Sold (Public Record)

Public Record #1481397978

$299,500

+55.4% / yr

09/29/2020

Sold (Public Record)

Public Record #681557810

$170,000

+14.3% / yr

08/22/2018

Sold

Roanoke Valley Association of REALTORS #849370

$128,000
08/16/2018

Sold (Public Record)

Public Record #628865061

$128,000

+7.2% / yr

08/10/2018

Pending

Roanoke Valley Association of REALTORS #849370

08/03/2018

Listed (Active)

Roanoke Valley Association of REALTORS #849370

$154,900
11/30/2016

Withdrawn

Roanoke Valley Association of REALTORS #827466

06/13/2016

Listed (Active)

Roanoke Valley Association of REALTORS #827466

$39,900
09/10/2008

Sold (Public Record)

Public Record #429661475

$64,050
04/28/2008

Withdrawn

Roanoke Valley Association of REALTORS #711344

01/15/2008

Listed (Active)

Roanoke Valley Association of REALTORS #711344

$87,950
12/31/2006

Expired

Roanoke Valley Association of REALTORS #508144

08/11/2005

Listed (Active)

Roanoke Valley Association of REALTORS #508144

$94,950

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

Public Records for 1822 Patterson Avenue Southwest

Taxable ValueLand$18,200Additions$210,700Total$228,900
Tax Record2026$2,793 ($233 / month)
Home Facts
Total Finished SqFt1,992 SqFtAbove Grade Finished SqFt1,992 SqFtStories2Lot Size7,488 SqFtStyleMulti-Family Dwelling (2-4)Year Built1900ZoningMXCountyROANOKE CITYAPN131-3603Fireplace TypeHas Fireplace

Schools near 1822 Patterson Avenue 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 - 1 to 7
Rating
School
Distance
Hurt Park Elementary School
PublicPK to 5

James Madison Middle School
Public6 to 8

Patrick Henry High School
Public9 to 12

Roanoke Adventist Preparatory School
Private1 to 7

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.

Similar Homes

Similar Sold Homes

1822 Patterson Avenue Southwest is a multi-family home for sale in Roanoke, VA 24016. This property was listed for sale on February 21, 2026 by IVY REALTY LLC, it's currently listed at $275,000. It has been on the market for a total of 33 days and was last sold on January 11, 2022. This listing's school district is Roanoke City Public Schools. Nearby schools include Hurt Park Elementary School, James Madison Middle School and Patrick Henry High School. 1822 Patterson Avenue Southwest is a 5-bed, 0-bath, multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of IVY REALTY LLC, MATTHEW JONES; IVY REALTY LLC, JAMES MORRIS

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.