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36-Unit Garden Apartment Community

3715 Parliament Road Southwest, Roanoke, VA 24014

For Sale
Contact for pricing

A mix of one- and two-bedroom homes includes recent interior renovations and replacement HVAC systems.

Property SizeContact for details
Days on Market13

Property Features for 3715 Parliament Road Southwest

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 15 x 1BR, 21 x 2BR
Multifamily Units 36

Additional Details

Average Monthly Rent $952
Road Access Yes
Tenant in Place Yes

Building Details

Construction garden-style
Listing Agency: Cushman & Wakefield Thalhimer - Roanoke, Virginia
Listed By: Clay Taylor · License VA #0225202311
Source: Crexi
Added: Nov 2 Changed: Nov 8 Last Checked: Nov 12 at 4:42AM

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 Cushman & Wakefield Thalhimer - Roanoke, Virginia

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Stone Ridge is a 36-unit garden apartment community at 3715 Parliament Road Southwest in Roanoke. Its apartments comprise 15 one-bedroom units and 21 two-bedroom units. Since 2023, ownership has completed exterior and capital work, replaced more than 25% of the HVAC systems, and turned or renovated approximately 75% of the apartments.

The property is along the Route 419/Electric Road corridor in southwest Roanoke, next to Tanglewood Mall and the 419 Town Center redevelopment. Carilion Roanoke Memorial Hospital is less than 2.5 miles away.

Key Highlights

  • 36 garden‑style apartments: 15 one‑bedroom units and 21 two‑bedroom units
  • Exterior and capital improvements completed since 2023
  • More than 25% of HVAC systems replaced

Property Analytics

Lease Details

36
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

658
Businesses Nearby

Demographics for 24014, VA

16,869
Population
8,508
Households
2
Avg Household Size
45
Median Age
39%
College-Educated
90%
High-School Grad
27.3 sq mi
ZIP Area
618
Density / Sq Mi
$65,089
Median Household Income
$46,225
Median Earnings
$949
Median Rent
$260,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A mix of one- and two-bedroom homes includes recent interior renovations and replacement HVAC systems.
Where is this apartment building located?
The property is located at 3715 Parliament Road Southwest Roanoke, VA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 36 garden‑style apartments: 15 one‑bedroom units and 21 two‑bedroom units; Exterior and capital improvements completed since 2023; More than 25% of HVAC systems replaced
(804) 819-9948 Call to check price and availability
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