Sold
Last Sold Price
520 Riverland Rd SE, Roanoke, VA 24014
Multi FamilyProperty Type
0.16 acresLot Size
1924Year Built

Description

Prime investment opportunity just a mile to Carilion Roanoke Memorial Hospital and minutes to South Roanoke, downtown amenities, retail, and the Greenway. This classic up/down duplex offers two vacant 2BR/1BA units with strong income potential and flexible rental strategies. The location creates natural demand for mid-term stays from medical professionals and visitors needing short stays close to the hospital. Simple layouts, low upkeep, and multiple revenue paths give this property a standout upside...Prime investment opportunity just a mile to Carilion Roanoke Memorial Hospital and minutes to South Roanoke, downtown amenities, retail, and the Greenway. This classic up/down duplex offers two vacant 2BR/1BA units with strong income potential and flexible rental strategies. The location creates natural demand for mid-term stays from medical professionals and visitors needing short stays close to the hospital. Simple layouts, low upkeep, and multiple revenue paths give this property a standout upside for a focused investment approach. Income options include mid-term stays, furnished rentals, and Airbnb-style hosting due to location advantages.
  • Listed by: KATHY CHANDLER • MKB, REALTORS®
Listing closed: 01/15/2026 12:00 AM • Source: Roanoke Valley Association of REALTORS, MLS#: 923348

Recent comparable sales

Median sold price

$181,500

Avg days on market

73

Sale-to-list ratio

97.4%

Roanoke, VA

9 comparable properties found

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Bathrooms
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Square Feet
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$181,500 | 1205 Kerns Avenue Southwest, Roanoke, VA 24015
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$150,000 | 1016 Woodrow Avenue Southeast, Roanoke, VA 24013
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$195,000 | 707 Bibb Street Northeast, Roanoke, VA 24012
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2
Bedrooms
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Square Feet
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Location

Listing Courtesy of MKB, REALTORS®, KATHY CHANDLER

Sold By NEST REALTY ROANOKE, BRANDON HORNBY; NEST REALTY ROANOKE, JULIA HORNBY

Add your commute

Payment Calculator

$1,260 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,098

Property Taxes

$162

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 520 Riverland Road Southeast

Property Details
Building Information
  • Residences: 2
  • Year Built: 1924
  • Lot Size: 0.16 AC / 6,969 SF
Summary
Location and General Information
  • Directions: From Carilion Roanoke Memorial (Belleview Ave SE), to L Laurel, to R on Riverland to Home on Left.
  • MLS Area Major: 0120 - City of Roanoke - South
  • City: Roanoke
  • State Or Province: VA
  • Postal Code: 24014
  • County Or Parish: City of Roanoke
  • MLS Area Minor: 0120 - City of Roanoke - South
  • General Property Description - Water Class: N/A
Taxes and HOA
  • Association YN: No
  • Association Fee: $0
  • Parcel Number: 4031012
  • Tax Block: 7
  • Tax Lot: 5
  • Tax Tract Or Section: 0
  • Tax Amount: $1,943
  • Location Legal Taxes - Phase: $0
  • Location Legal Taxes - Annual Taxes: $1,943
  • Location Legal Taxes - Section: 0
  • Location Legal Taxes - POA YN: No
School Information
  • Elementary School: Crystal Spring
  • Middle Or Junior School: James Madison
  • High School: Patrick Henry
Parking
  • General Property Description - Parking Description: Other - See Remarks
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: 1924
  • Property Sub Type: Duplex
  • Property Type Label: MultiFamily
  • General Property Description - Construction Status: Completed
Utilities
  • Miscellaneous Info - Public Transport2: Yes
  • Sewer: Public Sewer
  • Water Description - Public Water: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Vinyl Siding
Interior Features
  • Cooling: Window Unit(s)
  • Heating: Baseboard Electric, Radiator Gas Heat
  • Interior Features: Ceiling Fan(s), Storage
  • Basement: Full
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: Yes
  • Heating: Yes
  • General Property Description - Basement: Yes
  • Interior Features - Breakfast Area: Yes
  • Interior Features - Ceiling Fan: Yes
  • Interior Features - Storage: 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: 0
Income & Expenses
  • Gross Scheduled Income: $0
  • Operating Expense: $0
  • General Property Description - Gross Income: $0
  • Gross Income: $0
  • Net Operating Income: $0
Unit 1
  • Unit Number: Type 1
  • Units Total: 2
  • Beds Total: 2
  • Furnished: 1
  • Stories: 0
  • SqFt: 948
  • Parking: Refrigerator
Rental
Rental Information
  • Tenant Expenses - Other - See Remarks: Yes

Property History for 520 Riverland Road Southeast

DateEvent & SourcePriceAppreciation
Jan 15, 2026

Sold

Roanoke Valley Association of REALTORS #923348

$212,500
Jan 14, 2026

Sold (Public Record)

Public Record #1925985746

$212,500
Dec 16, 2025

Pending

Roanoke Valley Association of REALTORS #923348

DateEvent & SourcePrice
01/15/2026

Sold

Roanoke Valley Association of REALTORS #923348

$212,500
01/14/2026

Sold (Public Record)

Public Record #1925985746

$212,500
12/16/2025

Pending

Roanoke Valley Association of REALTORS #923348

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

Public Records for 520 Riverland Road Southeast

Taxable ValueLand$37,300Additions$122,000Total$159,300
Tax Record2026$1,943 ($162 / month)
Home Facts
Total Finished SqFt1,548 SqFtAbove Grade Finished SqFt1,548 SqFtStories2Lot Size6,957 SqFtStyleMulti-Family Dwelling (2-4)Year Built1924ZoningRM-1CountyROANOKE CITYAPN403-1012Fireplace TypeHas Fireplace

Schools near 520 Riverland 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
Rating
School
Distance
Crystal Spring Elementary School
PublicPK to 5

James Madison Middle School
Public6 to 8

Patrick Henry High School
Public9 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®, KATHY CHANDLER

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.