433 Albemarle Ave SW Roanoke, VA 24011

Listing Agency: Investors Real Estate Partners j***@investorsrep.com Show Phone

Listed By: Jason Fountain · License #0225077081

Source: Crexi

Added: Jul 7 Changed: Jul 23 Last Checked: Jul 23 at 10:04AM

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Investment Insights

Based on property information with market context.

Stabilized 6-unit multifamily property offered for sale at 433 Albemarle Ave SW, Roanoke, VA 24011. The asset is currently tenant-occupied and income-producing, with a stated current NOI of $33,421. With modest rent adjustments, NOI is projected to increase to $37,522, based on the seller’s market-rent assumptions.

The offering is described with a 7.00% cap rate on current income and an 8.00% projected cap rate at market rents. The property is located in Roanoke’s established Old Southwest neighborhood.

Key Highlights

• Stabilized 6‑unit multifamily with current income and projected market‑rent NOI growth
• Offered at $469,000 with a 7.00% cap rate on current income
• Projected cap rate of 8.00% at market rents

Property Analytics

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FAQs

What type of property is this?

Apartment building - Six-unit multifamily with current income and projected market-rent NOI growth.

Where is this apartment building located?

The property is located at 433 Albemarle Ave SW Roanoke, VA.

What is the asking price?

The asking price for this property is $469,000.

What are key features of this property?

This property features: Stabilized 6‑unit multifamily with current income and projected market‑rent NOI growth; Offered at $469,000 with a 7.00% cap rate on current income; Projected cap rate of 8.00% at market rents