Stabilized Brick 12-Unit
For Sale
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1712 Grandin Rd SW, Roanoke, VA 24015
Stabilized 12-unit multifamily with current NOI of $87,176 and a stated path to $129,520.
Property Size10,656 SF
Price / SF$130.91
Days on Market101
Property Features for 1712 Grandin Rd SW
General Information
Standard status
Active
Size
10,656 SF
Property subtype
Multifamily
Zoning
RMF
Investment Type
Stabilized
Net Operating Income
$87,176
Additional Details
Cap Rate
8.64%
Multifamily Units
12
Building Details
Units
12
Tenancy
Multi
Listing Agency:
Investors Real Estate Partners
Listed By:
Jason Fountain · License #0225077081
(540) 342-0800
Source:
Crexi
Added: Jul 7
Changed: Oct 12
Last Checked: Oct 12 at 7:47PM
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 Investors Real Estate Partners
Investment Insights
Based on property information with market context.
This stabilized 12-unit multifamily property is presented as an income-producing brick asset. The current income is listed with a 5.81% cap rate, with a stated path to 8.64% through mark-to-market rent adjustments. The offering states current NOI of $87,176, growing to $129,520 based on those rent adjustments.
The property is located at 1712 Grandin Rd SW in Roanoke, Virginia, positioned along the Grandin Village corridor, which the offering describes as high-demand.
The property is located at 1712 Grandin Rd SW in Roanoke, Virginia, positioned along the Grandin Village corridor, which the offering describes as high-demand.
Key Highlights
- 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
Property Analytics
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Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
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Business Placement
Demographics for 24015, VA
15,973
Population
7,593
Households
2.1
Avg Household Size
40
Median Age
46%
College-Educated
97%
High-School Grad
4.7 sq mi
ZIP Area
3,399
Density / Sq Mi
$69,840
Median Household Income
$46,638
Median Earnings
$884
Median Rent
$251,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Stabilized 12-unit multifamily with current NOI of $87,176 and a stated path to $129,520.
Where is this apartment building located?
The property is located at 1712 Grandin Rd SW Roanoke, VA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 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
