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135 Salem Ave Sw, 
Roanoke, VA 24011

$1,795,000

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Active

Listed by

Stephen Maxwell Pendergrass I I

Poe & Cronk Real Estate Group

540-982-2444

Last updated:

February 10, 2026, 02:03 AM

MLS#

924529

Source:

VA RVAR

About This Home

135 Salem Ave Sw

135 W Salem Avenue is an investment opportunity in the heart of Downtown Roanoke. This 10-unit mixed-use asset combines historic Roanoke character with modern livability, offering investors both stability and upside. The property features ground-floor commercial space positioned for strong visibility on the corner of Salem Ave and 2nd Street. Above the commercial space are nine residential units served by an elevator. 135 W Salem delivers immediate and diversified cash flow, supported by a mix of long-term residents and short-term executive tenants. The short-term units cater primarily to executive and traveling healthcare professionals. a tenant base that continues to grow alongside Roanoke's expanding medical and technology sectors.

Home Facts

Multi-Family

Built in 1906

Price Summary

1,795,000

MLS #:

924529

Last Updated:

February 10, 2026, 02:03 AM

Added:

9 day(s) ago

Structure

Structure

Year Built:

1906

Lot

Lot Size (Sq. Ft):

3,484

Finances & Disclosures

Finances

Price:

$1,795,000

Source:VA RVAR
The information being provided by Roanoke Valley Association Of REALTORS® Inc Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Roanoke Valley Association Of REALTORS® Inc Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.