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1608 Eastgate Ave NE, Roanoke, VA, 24012

2beds
1baths
927sqft
$80,000
$86price/sqft
$723/moest. monthly cost
$28,920/yrincome needed

About This Home

Welcome to 1608 Eastgate Ave NE in Roanoke, Virginia! Investor opportunity with strong upside—this 2 bedroom, 1 bathroom home offers 927 sqft of value-add potential, ideal for a flip, rental, or BRRRR strategy. Sitting on a spacious 9,945 sqft lot—larger than typical for the area—this property provides multiple exit strategies, including potential subdivision (buyer to verify with the city regarding alley access/closure). The lot also includes a detached garage/shed, adding extra utility and flexibility. Key exterior components are already in good shape, including a 5-year-old roof and solid vinyl siding. The property will require HVAC, electrical updates, new windows, rear foundation repair, and a full cosmetic renovation—making it a true value-add project for experienced investors or builders. Property will be delivered vacant at closing. Builders, flippers, and buy-and-hold investors—this is the kind of deal you’re looking for.

Getting Around

30
WalkingCar-Dependent
25
TransitSome Transit
16
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1948

Materials

  • Foundation: Crawl Space
  • Roof: Architectural Shingle
  • Construction materials: Copper Plumbing,Stick Built,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Has basement: Yes
  • Basement: Partial

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Features

  • Finished area above ground: 927

Heating & Cooling

  • Heating features: Heat Pump,Electric
  • Cooling features: Window Unit(s),Electric

Interior Area

  • Total structure area: 927
  • Total interior livable area: 927 sqft

Property

Accessibility

  • Accessibility features: No Stairs,Other

Details

  • Parcel number: NO TAX RECORD
  • Zoning: RM-3
  • Zoning description: Residential
  • Special condition: Standard
  • Exclusions: N / A

Features

  • Levels: One
  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 9,945 sqft
  • Features: Backs to Trees,Cleared,Open Lot,Subdivision Possible

Parking

  • Total spaces: 5
  • Parking features: Detached Carport,Driveway
  • Covered spaces: 1
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4
  • Carport: Yes
  • Carport spaces: 1