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Sold on 01/06/2023

421 Elm Ave SW, Roanoke, VA 24016

$480,000

Last sold 01/06/2023 for $425K

  • —

    bed

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    bath

Multi-family not for sale
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About 421 Elm Ave SW

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 7,841 Sqft
Movoto estimate
Rental estimate
Property description
Great six unit apartment building in SW Roanoke City. Most units have been updated with new paint, fixtures and other cosmetic updates. Property is currently 100% occupied. Parking to accommodate all units located in the back with rear access to all units also available. Owner owned coin operated laundry in basement level.
Listed by
Listing Agent - LAKEN VAIL
Listing Office - MKB, REALTORS®
Source: Roanoke Valley AOR mls logo
MLS#893580 • last updated 1 year ago
Movoto checked Roanoke Valley AOR for data 5 minutes ago
Overview
Cooling/AC Central Air
Heating Heat Pump Gas
MLS # 893580
Type Residential Income
Status Closed
SubType Apartment
Lot Size (SqFt) 7840.8
Lot Size (Acres) 0.18
Property Tax 3332.82
Year Built 1900
Interior
Exterior
Construction Stone
# of Covered Spaces 23830
Amenities / Utilities
Sewer/Septic Public Sewer
Water Source Public
Location
County City Of Roanoke
Elementary School Highland Park
Middle School James Madison
High School William Fleming
APN 1020118
Directions From Downtown, Take Franklin To Right On Elm. Property On Right. Use Alley To Enter Back Parking Lot.
$480K
Range: $403K-$556K
Last 30 days 
Rental est.: $965/month
Gross rent multiplier: 36.7
  • Jan 2023
    mls logo MLS # 893580
  • Jan 12, 2023 Sold
    $425,000
  • Nov 29, 2022 Pending
    —
  • Nov 15, 2022 Listed
    $455,000 (-8.1%)
  • Nov 3, 2022 Pending
    —
  • Oct 10, 2022 Listed
    $495,000 (+65.0%)
  • Jan 2023
    Public Records
  • Jan 6, 2023 Sold
    $425,000 (-6.6%)
  • Apr 2019
    Public Records
  • Apr 25, 2019 Sold
    $300,000
  • Year Property taxes Tax assessment
  • 2025
    $5,322 +7.7%
    $368,400
  • 2024
    $4,940 +27.8%
    $368,400 +16.25%
  • 2023
    $3,866 +3.7%
    $316,900 +16.04%
  • 2022
    $3,727 +4.7%
    $273,100 +4.48%
  • 2021
    $3,559 +0.7%
    $261,400
  • 2020
    $3,532 +24.2%
    $261,400 +12.14%
  • 2019
    $2,844 +0.7%
    $233,100 +2.51%
  • 2017
    $2,824
    $227,400 +3.79%
  • 2016
    $2,824 +11.0%
    $219,100
  • 2013
    $2,544
    —
  • 421 Elm Ave SW
    $425K
  • Old Southwest
    $342K 0% y/y
  • 24016
    $219K -2% y/y
  • Roanoke
    $319K +6% y/y
No chart available
Statistics calculated by Movoto

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6/10
Highland Park Elementary School
public Grades PK, K-5
Roanoke City Public Schools
2/10
James Madison Middle School
public Grades 6-8
Roanoke City Public Schools
2/10
William Fleming High School
public Grades 9-12
Roanoke City Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

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