433 Albemarle AVE SW, Roanoke, VA 24016 (MLS# 929212)

$469,000

433 Albemarle AVE SW
Roanoke, VA 24016
MLS# 929212

1 / 9

Property Description
Stabilized 6-unit multifamily with a 7.00% cap rate on current income and projected 8.00% at market rents. Current NOI of $33,421 grows to $37,522 with modest rent adjustments on a tenant-occupied, income-producing asset in Roanoke's established Old Southwest neighborhood. Mix of 1BR and 2BR units including garage apartments with strong tenant retention. Stabilized and tenant-occupied. Income producing from day one.

Details

Maps

General Property Description

Multi-Family Type: Apartments

Construction Status: Completed

Total Acreage: 0.15

# Furnished: 0

# Unfurnished: 6

# Leased Units: 6

Gross Bldg SQFT: 3128

Basement Y/N: Yes

Water Class: N/A

Parking Description: Unpaved

Gross Income: 57060

Year Built: 1913

Number of Units: 6

Operating Expense: 20785.19

Net Operating Income: 37522.6

Location, Tax & Legal

Major Area: 01 - City of Roanoke

Phase: 17

Lot: 3

Block: 2

Tax ID: 102-2514

Annual Taxes: 4800

Section: N/A

Zoning Code: RM-1

POA Y/N: No

Area: 0130 - City of Roanoke - SW

Street Number: 433

Street Name: Albemarle

Street Suffix: AVE

Street Direction Sfx: SW

State/Province: VA

Zip Code: 24016

Subdivision: Old Southwest

Municipality: City of Roanoke

Elementary School: Highland Park

Middle School: James Madison

High School: Patrick Henry

Remarks & Misc

Directions: 433 Albemarle AVE SW, Roanoke, VA 24016

Construction

Wood: 1

Basement

Dirt Floor: 1

Full: 1

Heating

Forced Air Electric: 1

Cooling

Central Air: 1

Water Description

Public: 1

Sewer Description

Public Sewer: 1

Owner Expenses

Electricity: 1

Management Fee: 1

Water: 1

Tenant Expenses

None: 1

Contract Information

Current Price: $469,000

List Price: $469,000

List Date: 2026-07-05

Status: Active

Property Features

Construction: Wood

Basement: Dirt Floor; Full

Heating: Forced Air Electric

Cooling: Central Air

Water Description: Public

Sewer Description: Public Sewer

Owner Expenses: Electricity; Management Fee; Water

Tenant Expenses: None

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.