1712 Grandin RD SW, Roanoke, VA 24015 (MLS# 929215)

$1,499,000

1712 Grandin RD SW
Roanoke, VA 24015
MLS# 929215

1 / 12

Property 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.

Details

Maps

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

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: $1,499,000

List Price: $1,499,000

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: July - 07 - 2026

All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.