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    Salem County, 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
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    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.
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    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.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 7 Active listings in Salem County, VA, we suggest exploring several alternatives: plus 4 Land Listings that present a potential for development.

    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.

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    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.

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    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.

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    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.

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    Salem County, VA Apartment Buildings Market Trends and Statistics

    Explore 7 apartment buildings for sale in Salem County, 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 Salem County, 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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