Salem County, VA Apartment buildings for sale

Updated: Oct 31, 2025

12-Unit Apartment Building

4622 Grandin Road Southwest, Roanoke, VA 24018

$1,795,000

44,866 sqft

12‑unit apartment building with spacious two‑bedroom residences
All‑brick Colonial‑style construction completed in 1977
Central air and forced‑air electric heating
RM‑2 zoning
Current rents reported below market

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Updated: Jun 19

Workforce Housing Apartment Community

4847 Rutgers Street NW, Roanoke, VA 24012

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83,272 sqft

102‑unit workforce housing community built in 1972
Ownership invested $1.7M+ in capital improvements since 2021, including extensive HVAC replacement and community‑wide vinyl window upgrades
Approximately 57 units renovated, along with exterior improvements and new community amenities
Average rents exceed $1,100 per occupied unit, with stable occupancy and strong rent collections
In Roanoke’s primary retail/employment/transportation corridor with direct connectivity to I‑581 and I‑81

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18-Unit Brick Apartment Buildings

2404 Longview Ave SW, Roanoke, VA 24014

$1,995,000

Three-story brick structures surround a central courtyard and offer a consistent two-bedroom floor plan.

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Stabilized Brick 12-Unit Multifamily

1712 Grandin Rd Sw, Roanoke, VA 24015

$1,499,000

Stabilized 12-unit multifamily with current NOI of $87,176 and a stated path to $129,520.

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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

6520 Thirlane Rd NW, Roanoke, VA 24019

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43,465 sqft 3.35 AC lot

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

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10-Unit Townhome Apartment Building

2612 Belle Ave NE, Roanoke, VA 24012

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Rented townhomes offer dedicated parking, updated windows, and washer/dryer hookups.

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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 171,603 square feet of properties for sale, with an estimated market value of $6,884,000.

Sale prices for two-family homes in Salem County, VA start at $1,499,000, averaging $1,721,000, and reaching up to $1,995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.