1712 Grandin RD SW, Roanoke, VA 24015

$1,499,000

Property Type: MultiFamily Lot Size (sq. ft.): 25,265 Status: Active

Current Price: $1,499,000 List Date: 7/07/2026 Last Modified: 7/07/2026

Overview

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.

Listing Details MLS# 929215

Location, Tax & Legal

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

General Property Description

Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1930
Number of Units: 12
# Unfurnished: 12
# Leased Units: 12
Gross Bldg SQFT: 10656
Total Acreage: 0.58
Basement Y/N: Yes
Parking Description: Private (10 or More)
Operating Expense: 44191.52
Net Operating Income: 87176.48
Gross Income: 131368
Water Class: N/A

More Information

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: July - 07 - 2026

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