209 1St ST SW, Roanoke, VA 24011 (MLS# 922482)

$2,225,000

209 1St ST SW
Roanoke, VA 24011
MLS# 922482

1 / 20

Property Description
The Lofts at First and Kirk is a high-end, 12-unit multifamily property located in the heart of Downtown Roanoke. Located within walking distance of restaurants, shopping, and entertainment, the Lofts at First and Kirk combines modern living with unbeatable convenience. This fully leased building includes eleven 1-bedroom units and one 2-bedroom unit. Each apartment is finished with modern, upscale features, including gas fireplaces, wood plank flooring, concrete countertops, tiled kitchen backsplashes, ceramic tiled showers, and walk-in closets in select units. Property amenities include secure building access, elevator, rooftop deck with an outdoor kitchen, and a community recycling program. Garage parking is available through Park Roanoke's residential parking program.

Details

Maps

General Property Description

Multi-Family Type: Apartments

Construction Status: Completed

Total Acreage: 0.08

Present Use: Converted

# Furnished: 0

# Unfurnished: 12

# Leased Units: 12

Gross Bldg SQFT: 12260

Basement Y/N: No

Water Class: N/A

Parking Description: Other - See Remarks

Gross Income: 163825

Year Built: 1920

Number of Units: 12

Operating Expense: 104576

Net Operating Income: 59249

Location, Tax & Legal

Major Area: 01 - City of Roanoke

Phase: 0

Lot: 26A

Block: 10 OS

Tax ID: 101-1526

Annual Taxes: 19856.76

Section: SW 1

Zoning Code: D

POA Y/N: No

Area: 0110 - City of Roanoke - Downtown

Street Number: 209

Street Name: 1St

Street Suffix: ST

Street Direction Sfx: SW

State/Province: VA

Zip Code: 24011

Subdivision: N/A

Municipality: City of Roanoke

Elementary School: Highland Park

Middle School: James Madison

High School: William Fleming

Remarks & Misc

Directions: From I-581 South, take exit 5 onto US-11 South. Keep LT on Williamson Rd. Turn RT onto Campbell Ave SE. Turn LT onto First St SW. Building will be on the RT.

Limited Service

Not Limited Service: 1

Construction

Brick: 1

Views

City: 1

Heating

Heat Pump Electric: 1

Misc Features

Current Lease: 1

Cooling

Heat Pump Electric: 1

Fireplace

Gas Log: 1

Water Description

Public: 1

Sewer Description

Public Sewer: 1

Owner Expenses

Management Fee: 1

Sewer: 1

Water: 1

Tenant Expenses

Deposit: 1

Electricity: 1

Gas: 1

Contract Information

Current Price: $2,225,000

List Price: $2,225,000

List Date: 2025-11-01

Status: Active

Property Features

Limited Service: Not Limited Service

Construction: Brick

Heating: Heat Pump Electric

Cooling: Heat Pump Electric

Fireplace: Gas Log

Water Description: Public

Sewer Description: Public Sewer

Owner Expenses: Management Fee; Water

Misc Features: Current Lease

Tenant Expenses: Deposit; Electricity; Gas

Supplements

The Lofts at First and Kirk presents a rare opportunity to own a stabilized, turnkey asset with high-quality finishes in one of Roanoke's most vibrant districts. Financials available upon request. Condo Conversion Opportunity.

Listing Office: WALDVOGEL COMMERCIAL PROPERTIES

Last Updated: December - 30 - 2025

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