1712 Grandin RD SW, Roanoke, VA 24015
$1,395,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
25,265
Status:
Active
Current Price:
$1,395,000
List Date:
7/07/2026
Last Modified:
9/14/2026
Description
Well-located multifamily investment opportunity in Roanoke's desirable Raleigh Court/Grandin Village area. This classic brick,1930s property offers strong neighborhood appeal, convenient access to restaurants, shopping, parks, schools, public transportation, and major employment centers. Positioned along Grandin Road SW, the asset has proven durable rental demand. Ideal for investors seeking a long-term hold or value-add opportunity through continued professional management and potential unit improvements. Additional potential income from garage leases (8 units) and laundry income. See rent roll for details. Property is made up of 8 2BR's and 4 1BR's. On site parking in back.
More Information MLS# 929215
General Property Description
Multi-Family Type: Apartments
Construction Status: Completed
Total Acreage: 0.58
# Furnished: 0
# Unfurnished: 12
# Leased Units: 12
Gross Bldg SQFT: 10656
Basement Y/N: Yes
Water Class: N/A
Parking Description: Private (10 or More)
Gross Income: 131368
Year Built: 1930
Number of Units: 12
Operating Expense: 44191.52
Net Operating Income: 87176.48
Location, Tax & Legal
Major Area: 01 - City of Roanoke
Phase: 12
Lot: 7-8
Block: 17
Tax ID: 144-0702
Annual Taxes: 11500
Section: N/A
POA Y/N: No
Area: 0130 - City of Roanoke - SW
Street Number: 1712
Street Name: Grandin
Street Suffix: RD
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24015
Subdivision: Grandin Court
Municipality: City of Roanoke
Elementary School: Wasena
Middle School: James Madison
High School: Patrick Henry
Remarks & Misc
Public Remarks: Well-located multifamily investment opportunity in Roanoke's desirable Raleigh Court/Grandin Village area. This classic brick,1930s property offers strong neighborhood appeal, convenient access to restaurants, shopping, parks, schools, public transportation, and major employment centers. Positioned along Grandin Road SW, the asset has proven durable rental demand. Ideal for investors seeking a long-term hold or value-add opportunity through continued professional management and potential unit improvements. Additional potential income from garage leases (8 units) and laundry income. See rent roll for details. Property is made up of 8 2BR's and 4 1BR's. On site parking in back.
Directions: 1712 Grandin RD SW, Roanoke, VA 24015
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Basement
Partial: 1
Heating
Heat Pump Electric: 1
Cooling
Central Air: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Owner Expenses
Gas: 1
Management Fee: 1
Water: 1
Tenant Expenses
Electricity: 1
Contract Information
Current Price: $1,395,000
List Price: $1,395,000
List Date: 2026-07-05
Status: Active
Property Features
Limited Service: Not Limited Service
Construction: Brick
Basement: Partial
Heating: Heat Pump Electric
Cooling: Central Air
Water Description: Public
Sewer Description: Public Sewer
Owner Expenses: Gas; Management Fee; Water
Tenant Expenses: Electricity
Listing Office: INVESTORS REAL ESTATE PARTNERS LLC
Last Updated: September - 14 - 2026
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