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$469,000
433 Albemarle AVE SW
Roanoke, VA 24016
3 days on market
Property Type
Residential Income
Year Built
1913
Lot Size
0.15 acres
Garage
—
About This Property
Stabilized 6-unit multifamily with a 7.00% cap rate on current income and projected 8.00% at market rents.
Current NOI of $33,421 grows to $37,522 with modest rent adjustments on a tenant-occupied, income-producing asset in Roanoke's established Old Southwest neighborhood.
Mix of 1BR and 2BR units including garage apartments with strong tenant retention. Stabilized and tenant-occupied. Income producing from day one.
Current NOI of $33,421 grows to $37,522 with modest rent adjustments on a tenant-occupied, income-producing asset in Roanoke's established Old Southwest neighborhood.
Mix of 1BR and 2BR units including garage apartments with strong tenant retention. Stabilized and tenant-occupied. Income producing from day one.
Property Details
Interior
Exterior & Lot
- Lot Size
- 0.15 acres
- Year Built
- 1913
Location
- Subdivision
- Old Southwest
- County
- City of Roanoke
- ZIP Code
- 24016
Financial
- Annual Taxes
- $4,800
Utilities
- Sewer
- Public Sewer
Schools
- Elementary
- Highland Park
- Middle School
- James Madison
- High School
- Patrick Henry
Heating
Forced Air Electric
Cooling
Central Air
Location
Listing Information
- MLS #
- 929212
- Listing Agent
- JASON NOEL FOUNTAIN
- Listing Office
- INVESTORS REAL ESTATE PARTNERS LLC
- Listed Date
- Jul 7, 2026
Contact Megan Eberle About This Property
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