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    209 1St St SW Roanoke, VA 24011

    For Sale
    $2,225,000

    Apartments - Roanoke, VA

    Lot size:
    0.08 Acres
    Days on Market:
    32
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 209 1St St SW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Exterior features
    Current Lease
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Electric, Heat Pump

    Building Details

    Year built
    1920
    Number of units
    12
    Building materials
    Brick
    Architectural style
    Other

    Waldvogel Commercial Properties, Inc. (540) 342-0800 [email protected]

    Listing agent KRISTA VANNOY (540) 342-0800

    Listing date Nov 4, 2025

    MLS# 922482 Listing URL

    Copyright © 2025 Roanoke Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Roanoke Multifamily Property

    The Lofts at First and Kirk is a high-end, 12-unit multifamily property situated in the heart of Downtown Roanoke. The building is fully leased and includes eleven 1-bedroom units and one 2-bedroom unit. The property is located within walking distance of restaurants, shopping, and entertainment, combining modern living with convenience. Each apartment features modern, upscale finishes, including gas fireplaces, wood plank flooring, concrete countertops, tiled kitchen backsplashes, ceramic tiled showers, and walk-in closets in select units. The property spans 0.08 acres. Amenities include secure building access, an elevator, a rooftop deck with an outdoor kitchen, and a community recycling program. Garage parking is available through Park Roanoke's residential parking program.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Salem
    State
    Virginia
    Longitude
    -79.942645
    Latitude
    37.271451

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    FAQs

    What type of property is this?
    Apartment building - High-end, fully leased 12-unit multifamily property in Downtown Roanoke.
    Where is this apartment building located?
    The property is located at 209 1St St SW Roanoke, VA.
    What is the asking price?
    The asking price for this property is $2,225,000.
    What are key features of this property?
    This property features: - Prime downtown location within walking distance of restaurants, shopping, and entertainment.; - High-end, fully leased multifamily property with modern, upscale features.; - Enjoy the rooftop deck with outdoor kitchen.
    (540) 342-0800
    Request Owner's contact information
    209 1St St SW Roanoke, VA 24011
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    Roanoke, VA 24011
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    209 1St St SW Roanoke, VA 24011
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