1202 Melrose Ave NW, Roanoke, VA, 24017
About This Home
GREAT TURN KEY INVESTMENT APTS - UPGRADED ELECTRICAL WIRING - STORAGE IN ATTIC AND BASEMENT - NEWLY PAINTED METAL ROOF - NEW WATER HEATER FOR UPSTAIRS UNIT - FRESH PAINT INSIDE AND OUTSIDE - FRONT AND BACK PORCHES - NEW LUXURY VINYL TILE - NEAR BUS LINE - BLOWN IN INSULATION IN UPSTAIRS AND DOWNSTAIRS WALLS AS WELL AS IN ATTIC - NEW CABINETS IN UNIT TWO - LAUNDRY HOOKUPS IN BOTH UNITS - LEVEL BACK LAWN - NEWLY REFINISHED CLAWFOOT TUB - HARDWOOD FLOORING - ON THE BUS LINE - VIEW ROANOKE STAR FROM YOUR BALCONY! CAN BE CONVERTED BACK TO A SINGLE FAMILY DWELLING BY REINSTALLING A DOORWAY.
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Completed
- Year built: 1925
Materials
- Construction materials: Vinyl
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
Features
- Storage
Heating & Cooling
- Heating features: Baseboard Electric,Forced Air Gas
- Cooling features: None
Interior Area
- Total structure area: 1,728
- Total interior livable area: 1,728 sqft
Property
Details
- Parcel number: 2222808
Lot
- Lot size: 7,405 sqft
- Lot size dimensions: 50 X 150
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
- Inland Flooding
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Virginia Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $884 | $10,608 |
| Home Insurance * | $95 | $1,140 |
| Property Taxes | $177 | $2,124 |
| Electricity | $202 | $2,433 |
| Total | $1,358 | $16,296 |
Income You'd Need if You Spent...
Virginia FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-17 | Price change | $173,700 |
| 2026-06-22 | Listed for sale | $174,950 |
| 2026-06-16 | Listing removed | $174,950 |
| 2026-02-26 | Price change | $174,950 |
| 2025-12-15 | Listed for sale | $176,450 |
| 2025-12-10 | Listing removed | $176,450 |
| 2025-12-05 | Price change | $176,450 |
| 2025-07-30 | Price change | $176,700 |
| 2025-07-15 | Price change | $176,950 |
| 2025-06-24 | Price change | $177,200 |
| 2025-06-09 | Listed for sale | $177,450 |
| 2025-06-05 | Listing removed | $177,450 |
| 2025-06-03 | Price change | $177,450 |
| 2025-05-20 | Price change | $177,700 |
| 2025-02-04 | Listed for sale | $177,950 |
| 2025-02-04 | Listing removed | $177,950 |
| 2025-01-21 | Price change | $177,950 |
| 2025-01-02 | Price change | $178,450 |
| 2024-12-03 | Price change | $178,950 |
| 2024-11-19 | Price change | $179,450 |
| 2024-08-14 | Price change | $179,950 |
| 2024-08-03 | Listed for sale | $180,950 |
| 2024-08-02 | Listing removed | -- |
| 2024-07-23 | Price change | $180,950 |
| 2024-06-18 | Listed for sale | $181,450 |
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