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    Roanoke, VA Apartment Buildings for Sale

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    Stabilized Brick 12-Unit Multifamily
    Updated: Jul 7
    Stabilized Brick 12-Unit Multifamily

    1712 Grandin Rd SW, Roanoke, VA 24015

    $1,499,000
    10,656 sqft
    Stabilized 12‑unit multifamily with current NOI of $87,176 and a stated path to $129,520
    5.81% cap rate on current income, with a stated path to 8.64% at market rents
    Brick, income‑producing multifamily in Roanoke’s Grandin Village corridor
    View details
    82-Unit Multifamily Community in Roanoke
    Updated: Mar 3
    82-Unit Multifamily Community in Roanoke

    803 King James St SW, Roanoke, VA 24014

    $10,750,000
    127,900 sqft 11.34 AC lot
    Located in highly sought‑after South Roanoke.
    Convenient access to Tanglewood Mall, Virginia Tech Carilion Biomedical Research Center, and Downtown Roanoke.
    Diverse unit mix including apartments, townhomes, cottages, and single‑family homes.
    Neighborhood‑style setting with rolling lawns and pedestrian walkways.
    Comprised of twenty‑five buildings on approximately 11.34 acres.
    View details
    Multifamily Property with Vacant Unit
    Multifamily Property with Vacant Unit

    813 13th Street Southwest, Unit 821, Roanoke, VA 24016

    $1,084,705
    29,185 sqft

    Multifamily property featuring eleven occupied units and one vacant unit.

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    Workforce Housing Apartment Community
    Workforce Housing Apartment Community

    4847 Rutgers Street NW, Roanoke, VA 24012

    Contact for pricing
    83,272 sqft

    102-unit workforce housing community with recent HVAC and window upgrades plus renovated apartments and new amenities.

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    Multifamily Property with Laundry Facility
    Multifamily Property with Laundry Facility

    1606 Wayne Street Northeast, Roanoke, VA 24012

    $1,649,655
    27,442 sqft

    Multifamily property featuring 24 units and onsite laundry.

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    Downtown Roanoke Mixed-Use Investment
    Downtown Roanoke Mixed-Use Investment

    135 Salem Ave SW, Roanoke, VA 24011

    $1,595,000

    10-unit property in prime downtown location with income streams.

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    Multifamily Redevelopment Opportunity in Roanoke
    Multifamily Redevelopment Opportunity in Roanoke

    6520 Thirlane Rd NW, Roanoke, VA 24019

    $2,250,000
    43,465 sqft 3.35 AC lot

    105-unit multifamily redevelopment opportunity in Roanoke County, Virginia.

    View details
    Based on your search, we've compiled 72 Potential Opportunities for your consideration. Besides 7 Active listings in Roanoke, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 57 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Side-by-Side Multifamily Portfolio
    Side-by-Side Multifamily Portfolio

    1201 - 1217 Fairfax Street, Radford, VA 24141

    $1,600,000
    8,263 sqft 0.75 AC lot

    Five R-4 zoned homes with current rental income and walkability to Radford University.

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    Radford Multifamily Investment Portfolio
    Radford Multifamily Investment Portfolio

    1201-1217 Fairfax St, Radford, VA 24141

    $1,600,000
    0.75 AC lot

    Five homes near Radford University generating substantial monthly income.

    View details
    97-Unit Multifamily Investment Opportunity
    97-Unit Multifamily Investment Opportunity

    81 Terry Ct, Collinsville, VA 24078

    $7,445,000
    83,940 sqft

    Multifamily property with 97 units near Roanoke MSA.

    View details
    Collinsville Multifamily Investment Opportunity
    Collinsville Multifamily Investment Opportunity

    79 Ridgemont Circle, Collinsville, VA 24078

    $625,000
    6,300 sqft

    Eight-unit apartment building in Collinsville, Virginia.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details
    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

    View details

    Off-Market Properties in Roanoke, VA

    Consider similar Off-Market properties in Roanoke, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    6800 Autumn Wood Ln
    GARDEN APT, COURT APT (5+ UNITS)

    6800 Autumn Wood Ln, Roanoke, VA 24019-2156

    Value Estimation by Request
    2,576 sqft 0.43 AC lot
    View details
    6354 Township Dr
    GARDEN APT, COURT APT (5+ UNITS)

    6354 Township Dr, Roanoke, VA 24019-1401

    $1,725,000
    Estimated value
    22,950 sqft 9.50 AC lot
    View details
    6139 Darby Rd
    GARDEN APT, COURT APT (5+ UNITS)

    6139 Darby Rd, Roanoke, VA 24012-1038

    $1,285,000
    Estimated value
    12,150 sqft 1.00 AC lot
    View details
    6491 Carefree Ln
    GARDEN APT, COURT APT (5+ UNITS)

    6491 Carefree Ln, Roanoke, VA 24019-4156

    $2,560,000
    Estimated value
    12,591 sqft 0.95 AC lot
    View details
    107 Springbeauty St
    GARDEN APT, COURT APT (5+ UNITS)

    107 Springbeauty St, Roanoke, VA 24012-1986

    $1,550,000
    Estimated value
    51,864 sqft 5.97 AC lot
    View details
    401 Friends Way, Unit 405
    GARDEN APT, COURT APT (5+ UNITS)

    401 Friends Way, Roanoke, VA 24012-1932

    Unit 405
    $1,860,000
    Estimated value
    65,634 sqft 3.42 AC lot
    View details
    2119 Electric Rd
    GARDEN APT, COURT APT (5+ UNITS)

    2119 Electric Rd, Roanoke, VA 24018-1969

    $3,545,000
    Estimated value
    33,840 sqft 1.08 AC lot
    View details
    3420 Chaparral Dr
    GARDEN APT, COURT APT (5+ UNITS)

    3420 Chaparral Dr, Roanoke, VA 24018-4936

    $7,240,000
    Estimated value
    11,403 sqft 2.51 AC lot
    View details
    420 Bluebell Ln
    GARDEN APT, COURT APT (5+ UNITS)

    420 Bluebell Ln, Roanoke, VA 24012-1991

    $1,795,000
    Estimated value
    35,796 sqft 3.57 AC lot
    View details
    4301 Garst Ml Rd
    GARDEN APT, COURT APT (5+ UNITS)

    4301 Garst Ml Rd, Roanoke, VA 24018-6213

    $23,545,000
    Estimated value
    9,360 sqft 20.34 AC lot
    View details
    3101 Honeywood Ln
    GARDEN APT, COURT APT (5+ UNITS)

    3101 Honeywood Ln, Roanoke, VA 24018-8861

    $19,345,000
    Estimated value
    10,143 sqft 25.30 AC lot
    View details
    6154 Darby Rd
    GARDEN APT, COURT APT (5+ UNITS)

    6154 Darby Rd, Roanoke, VA 24012-1000

    Value Estimation by Request
    11,832 sqft 0.49 AC lot
    View details
    4333 Electric Rd
    GARDEN APT, COURT APT (5+ UNITS)

    4333 Electric Rd, Roanoke, VA 24018-8439

    $910,000
    Estimated value
    12,051 sqft 6.17 AC lot
    View details
    4480 Banbury Ln
    GARDEN APT, COURT APT (5+ UNITS)

    4480 Banbury Ln, Roanoke, VA 24018-2371

    $1,140,000
    Estimated value
    10,713 sqft 12.44 AC lot
    View details
    3301 Cir Brk Dr
    GARDEN APT, COURT APT (5+ UNITS)

    3301 Cir Brk Dr, Roanoke, VA 24018-9401

    $990,000
    Estimated value
    10,143 sqft 10.33 AC lot
    View details
    3315 Cir Brk Dr
    GARDEN APT, COURT APT (5+ UNITS)

    3315 Cir Brk Dr, Roanoke, VA 24018-9415

    $1,190,000
    Estimated value
    11,529 sqft 9.75 AC lot
    View details
    3330 Cir Brk Dr
    GARDEN APT, COURT APT (5+ UNITS)

    3330 Cir Brk Dr, Roanoke, VA 24018-9430

    $1,190,000
    Estimated value
    11,529 sqft 9.78 AC lot
    View details

    Roanoke, VA Apartment Buildings Market Trends and Statistics

    Explore 64 apartment buildings for sale in Roanoke, VA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 238,648 square feet of properties for sale, with an estimated market value of $17,233,360.

    Sale prices for two-family homes in Roanoke, VA start at $1,084,705, averaging $3,446,672, and reaching up to $10,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 171K
    Population Growth (5Y) +9.4%
    Median Household Income $66,063
    College Educated 10.0%

    High-Yield Neighborhoods for Investment

    Identify Roanoke submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    24016 $1.1M
    24012 $1.6M
    24011 $1.8M
    24019 $2.3M
    24014 $11.2M

    Taxes & Financing

    Tax Rate (average for all types) 1.05%
    Property Tax per SF $16.57 per SF
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Roanoke fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Roanoke, VA

    • 24012
    • 24011
    • 24014
    • 24015
    • 24016
    • 24019

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