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2202 Broadway Ave SW, Roanoke, VA, 24014

--beds
--baths
2,505sqft
$649,000
$259price/sqft
$4,431/moest. monthly cost
$177,240/yrincome needed

About This Home

This rare multi-unit property blends historic character with an unbeatable location--steps from shopping, top-rated restaurants, hospitals, and everything city living has to offer. Enjoy the timeless architecture and inviting curb appeal of this beautiful building, nestled in one of the most desirable and walkable areas. Properties like this seldom hit the market! The new owner can continue renting all units as a good income-producing investment or choose to occupy one and let the other apartments generate steady revenue. A perfect opportunity for both investors and owner-occupants who value style, convenience, and potential.

Getting Around

77
WalkingVery Walkable
34
TransitSome Transit
44
BikeSomewhat Bikeable

Schools

2/10
3/10
Patrick Henry High SchoolGrades 9-121.9 mi

Construction

Condition

  • Property condition: Completed
  • Year built: 1925

Materials

  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes

Heating

  • Heating features: Forced Air Gas

Interior Area

  • Total structure area: 2,505
  • Total interior livable area: 2,505 sqft

Property

Details

  • Parcel number: 1050701

Lot

  • Lot size: 6,098 sqft

Parking

  • Total spaces: 1
  • Parking features: Other - See Remarks

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Strong Wind
Cold Wave
Inland Flooding
Winter Weather

FEMA Declared Disasters Across Virginia Counties

Severe Storm
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,281$39,372
Home Insurance *$247$2,964
Property Taxes $662$7,944
Electricity $241$2,895
Total$4,431$53,172
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$151,920/yr
40% on housing$132,930/yr
45% on housing$118,160/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.8%
11.8%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 0.5%
0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$259This listing

vs Other Active Listings

Avg $/sqft

ZIP 24014$178
Roanoke City$132

vs Homes Sold Last Month

Median $/sqft

ZIP 24014$161
Roanoke City$124

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-08Listed for sale$650,000
2024-12-06Sold$560,000
2024-10-30Pending sale$575,000
2024-09-27Listed for sale$575,000
2024-09-25Pending sale$575,000
2024-09-13Listed for sale$575,000

For Sale by Agent

AgentIRINA HALLACHER
BrokerageWAINWRIGHT & CO., REALTORS(r)- LAKE

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