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Condos, Townhomes & Downtown Lofts
High ceilings and old brick downtown, townhomes in Daleville and Salem. Less maintenance, but the association documents matter as much as the unit.
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The market, briefly
What this costs in the Roanoke area
A wide range, from downtown lofts to newer townhomes. Put the monthly association fee in the price comparison, not after it.
Figures reflect publicly reported Roanoke-area activity and are for general orientation only — they are not an appraisal. Ask us for current numbers on your specific situation.
Downtown is mostly converted buildings
Since 2006, developers have used state and federal historic tax credits to turn old commercial and industrial buildings into apartments, which is how downtown grew from fewer than 50 residents in 2000 to about 2,500 by 2019. Many are rentals, so ask whether a building sells units at all.
Read the documents and the reserves
Old buildings have old roofs, elevators and mechanical systems. Low dues with a thin reserve fund is a special assessment waiting to happen. Ask for the reserve study and the last few years of board minutes.
Parking is a line item
Downtown, a deeded space, a leased space and a garage permit are three different things. Know which one comes with the unit before you price it.
Townhomes beyond downtown
Daleville Town Center and other newer communities offer townhomes with association-maintained exteriors and shops nearby. Ask exactly what the HOA covers (roofs, siding, lawns, snow), because it varies.
Use this
Questions to ask any agent about this
Ask these of any agent — one we introduce or one you found yourself. A specialist answers easily. Everyone else gets vague.
- Is this a condo I would own, and are other units owned or rented?
- What do the dues cover, and how healthy is the reserve fund?
- Have there been special assessments, and are any planned?
- Does a parking space convey with the unit?
- What are the rules on renting the unit out, pets and renovations?
Neighborhoods that fit
A starting point. Details change — always verify current rules with the HOA and the locality.
| Neighborhood | Where | What it is |
|---|---|---|
| Downtown RoanokeLofts · Condos | Roanoke · City of Roanoke | Apartments and condos in converted warehouses, offices and department stores around the City Market, which has operated since 1882. Downtown grew from fewer than 50 residents in 2000 to about 2,500 by 2019. |
| Downtown SalemHistoric · Walkable | Salem · City of Salem | Main Street from Broad Street to College Avenue is a National Register district, with Roanoke College a few blocks away and older houses spreading out from it. |
| StarkeySuburban · Mixed | Roanoke · Roanoke Co. | Along Starkey Road near Route 419, where Tanglewood Crossing is rebuilding the old mall site as a mixed-use center. |
| HollinsSuburban · College | Roanoke · Roanoke Co. & Botetourt Co. | North of the city near I-81 and the airport, home to Hollins University, founded in 1842. The community straddles the county line. |
| Daleville Town CenterPlanned · Mixed-Use | Daleville · Botetourt Co. | A 117-acre planned center with apartments, townhomes, single-family houses, shops and a summer concert pavilion. A full grocery store was approved in 2026. |
Where to look for this
Downtown & Old Southwest
Lofts above the City Market, Victorian blocks a few streets away, and the Star on the mountain over all of it. The walkable, historic heart of the city.
Explore this areaBotetourt, Daleville & North County
The valley's growth corridor. New neighborhoods around Daleville, Hollins at the county line, and old towns up the road: Troutville, Fincastle and Buchanan.
Explore this areaSalem, Glenvar & Catawba
Its own city, with its own schools and its own electric company. A real Main Street, Roanoke College, and the road out to McAfee Knob.
Explore this areaOr maybe you're really after…
Historic Homes
Victorians in Old Southwest, bungalows in Grandin and Wasena. Beautiful houses that come with rules, tax credits, and a century of maintenance.
What to knowMountain-View Homes
The view is why you're here. The slope, the driveway, the well and the septic are what you're actually buying.
What to knowNew Construction
Much of the valley's new building is north of the city around Daleville, with pockets across Roanoke County. Your agent should know the builders as well as the floor plans.
What to knowLooking for condos & lofts?
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