7-Unit Apartment
For Sale
$725,000
111 Highland Ave Sw, Roanoke, VA 24016
Every residence is leased and has its own heat pump, gas water heater, and washer/dryer.
Property SizeContact for details
Days on Market15
Property Features for 111 Highland Ave Sw
General Information
Standard status
Active
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
6 x 2BR/1BA (approx. 823 SF), 1 x 3BR/1BA (approx. 1,203 SF)
Multifamily Units
7
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,865
Amenities
covered porches
in-unit washer/dryer
refrigerator
range
dishwasher
Building Details
Buildings
1
Stories
3
Listing Agency:
MKB, REALTORS
(540) 989-4555
Listed By:
ABIGAIL COOPER
(540) 525-0028
Source:
Exprealty
Added: Oct 14
Changed: Oct 27
Last Checked: Oct 27 at 3:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MKB, REALTORS
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Investment Insights
Based on property information with market context.
This seven-unit apartment property includes six 2-bedroom, 1-bathroom residences of approximately 823 SF each, plus one 3-bedroom, 1-bathroom residence measuring approximately 1, 203 SF. Each apartment has a heat pump, gas water heater, washer/dryer, refrigerator, range, and dishwasher. Residents pay their own electric and gas costs. Covered porches serve all three levels, and private parking is provided.
The property is in Old Southwest, a short walk from downtown and minutes from Carilion Roanoke Memorial Hospital.
The property is in Old Southwest, a short walk from downtown and minutes from Carilion Roanoke Memorial Hospital.
Key Highlights
- Seven apartments; all are currently leased
- Six 2BR/1BA units at approximately 823 SF each
- One 3BR/1BA unit at approximately 1, 203 SF
Property Analytics
Who owns this building?
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Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,248
Businesses Nearby
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Business Placement
Demographics for 24016, VA
9,371
Population
5,602
Households
1.7
Avg Household Size
36
Median Age
26%
College-Educated
88%
High-School Grad
3.0 sq mi
ZIP Area
3,124
Density / Sq Mi
$43,727
Median Household Income
$35,936
Median Earnings
$972
Median Rent
$118,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Every residence is leased and has its own heat pump, gas water heater, and washer/dryer.
Where is this apartment building located?
The property is located at 111 Highland Ave Sw Roanoke, VA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Seven apartments; all are currently leased; Six 2BR/1BA units at approximately 823 SF each; One 3BR/1BA unit at approximately 1, 203 SF
