111 Highland AVE SW, Roanoke, VA 24016

$725,000

Property Type: MultiFamily Lot Size (sq. ft.): 4,356 Status: Active

Current Price: $725,000 List Date: 10/15/2026 Last Modified: 10/20/2026

Overview

Description

Seven-unit built-as apartment building in Old Southwest, and currently fully leased. Six 2BR/1BA units (approx. 823 SF) and one 3BR/1BA unit (approx. 1,203 SF). Each unit has its own heat pump, and gas water heater, plus an in-unit washer/dryer, refrigerator, range, and dishwasher. Tenants pay for their own electric and gas. Covered porches on all three levels and private parking. A short walk downtown and minutes from Carilion Roanoke Memorial Hospital.

Listing Details MLS# 932380

Location, Tax & Legal

Area: 0130 - City of Roanoke - SW
Street Number: 111
Street Name: Highland
Street Suffix: AVE
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24016
Subdivision: N/A
Municipality: City of Roanoke
Elementary School: Highland Park
Middle School: James Madison
High School: William Fleming

General Property Description

Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1900
Present Use: Built-As
Number of Units: 7
# Unfurnished: 7
# Leased Units: 7
Gross Bldg SQFT: 5048
Total Acreage: 0.1
Basement Y/N: Yes
Parking Description: Private (1 - 9)
Operating Expense: 26250.02
Net Operating Income: 56194.4
Gross Income: 82444.42
Water Class: N/A

More Information

Property Features

Construction: Vinyl; Wood Basement: Other - See Remarks Heating: Forced Air Gas Cooling: Heat Pump Electric Water Description: Public Sewer Description: Public Sewer Owner Expenses: Lawn Care; Water Tenant Expenses: Electricity; Gas

Listing Office: MKB, REALTORS®

Last Updated: October - 20 - 2026

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