803 King James ST SW, Roanoke, VA 24016

$10,750,000

Property Type: MultiFamily Lot Size (sq. ft.): 493,970 Status: Active

Current Price: $10,750,000 List Date: 3/04/2026 Last Modified: 5/13/2026

Overview

Description

Williamsburg Manor is an 82-unit apartment and townhouse community located South Roanoke. The property spans approximately 11.34 acres and includes twenty-five buildings arranged in a neighborhood-style setting with rolling lawns and pedestrian walkways. The community features a diverse unit mix of apartments, townhomes, cottages, and single-family homes. Portions of the development were completed in the late 1970s, with additional phases delivered in the 1990s, including brick and vinyl-sided townhomes with garages. Williamsburg Manor is located less than one mile from US-220/I-581 with convenient access to Tanglewood Mall, the Virginia Tech Carilion Biomedical Research Center, and Downtown Roanoke. Detailed Offering Memorandum in documents tab. Owner/Agent

Listing Details MLS# 925126

Location, Tax & Legal

Area: 0120 - City of Roanoke - South
Street Number: 803
Street Name: King James
Street Suffix: ST
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24016
Subdivision: N/A
Municipality: City of Roanoke
Elementary School: Crystal Spring
Middle School: James Madison
High School: Patrick Henry
Major Area: 01 - City of Roanoke
Phase: 0
Lot: N/A
Block: N/A
Tax ID: 550-0113
Annual Taxes: 107633
Section: N/A
Zoning Code: RMF
POA Y/N: No

General Property Description

Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1972
Number of Units: 82
# Unfurnished: 82
# Leased Units: 74
Gross Bldg SQFT: 127900
Total Acreage: 11.34
Basement Y/N: No
Parking Description: Other - See Remarks
Operating Expense: 407497
Net Operating Income: 724000
Gross Income: 1176000
Water Class: N/A
# Furnished: 0

Remarks & Misc

Directions: From Downtown Roanoke, take US-220 South to Wonju Street, then left onto King James Street SW. Property is located along King James Street and Duke of Gloucester Street.

Limited Service

Not Limited Service: Yes

Construction

Brick: Yes
Vinyl: Yes

More Information

Basement

Slab: Yes

Heating

Forced Air Gas: Yes
Heat Pump Electric: Yes

Cooling

Central Air: Yes
Heat Pump Electric: Yes

Water Description

Public: Yes

Sewer Description

Public Sewer: Yes

Water Heater Type

Tank: Yes

Lease Type

One Year: Yes

Owner Expenses

Sewer: Yes
Trash Disposal: Yes
Water: Yes

Internet Access

Cable: Yes

Tenant Expenses

Cable TV: Yes
Electricity: Yes
Gas: Yes

Property Features

Limited Service: Not Limited Service Construction: Brick; Vinyl Basement: Slab Heating: Forced Air Gas; Heat Pump Electric Cooling: Central Air; Heat Pump Electric Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Lease Type: One Year Owner Expenses: Trash Disposal; Water Internet Access: Cable Tenant Expenses: Cable TV; Electricity; Gas

Listing Office: INVESTORS REAL ESTATE PARTNERS LLC

Last Updated: May - 13 - 2026

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