12-Unit Apartment
For Sale
$1,795,000
4622 Grandin Road Southwest, Roanoke, VA 24018
Brick construction, two-bedroom layouts, and central air define this 1977 multifamily asset in Roanoke’s Southwest corridor.
Property Size44,866 SF
Price / SF$40.01
Days on Market304
Property Features for 4622 Grandin Road Southwest
General Information
Standard status
Active
Size
44,866 SF
Total Parking Spaces
25
Property subtype
MultiFamily / Apartment
Zoning
RM-2
Net Operating Income
$87,903
Additional Details
Highway Access
Yes
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$11,899
Amenities
Central Air, Yes
Forced Air Electric, Yes
0.0
No
12.0
Brick
Building Details
Year Built
1977
Buildings
1
Construction
all-brick Colonial
Listing Agency:
VRC PROPERTIES LLC
(540) 354-6456
Listed By:
JASON FOUNTAIN · License #0225077081
(540) 354-6456
Source:
Compass
Added: Oct 31, 2025
Changed: Aug 29
Last Checked: Aug 29 at 3:25PM
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 VRC PROPERTIES LLC
Investment Insights
Based on property information with market context.
This 12-unit apartment property was built in 1977 and includes spacious two-bedroom residences within an all-brick Colonial-style building. Interior systems include central air and forced-air electric heating, while the grounds are maintained in a park-like setting. Current rents are below market, providing an identified opportunity for income growth.
The property is located at 4622 Grandin Road Southwest in Roanoke’s Oak Grove area. Lewis Gale Medical Center, Tanglewood Mall, and the Electric Road commercial corridor along U.S. 419 are each described as nearby, placing the apartments within minutes of established medical, retail, and commercial destinations.
The property is located at 4622 Grandin Road Southwest in Roanoke’s Oak Grove area. Lewis Gale Medical Center, Tanglewood Mall, and the Electric Road commercial corridor along U.S. 419 are each described as nearby, placing the apartments within minutes of established medical, retail, and commercial destinations.
Key Highlights
- 12‑unit apartment building with spacious two‑bedroom residences
- All‑brick Colonial‑style construction completed in 1977
- Central air and forced‑air electric heating
Property Analytics
Current Use
Lease Details
12
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Explore this area
Business Placement
Demographics for 24018, VA
39,144
Population
17,546
Households
2.2
Avg Household Size
45
Median Age
53%
College-Educated
96%
High-School Grad
42.8 sq mi
ZIP Area
915
Density / Sq Mi
$90,383
Median Household Income
$53,350
Median Earnings
$1,221
Median Rent
$327,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick construction, two-bedroom layouts, and central air define this 1977 multifamily asset in Roanoke’s Southwest corridor.
Where is this apartment building located?
The property is located at 4622 Grandin Road Southwest Roanoke, VA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 12‑unit apartment building with spacious two‑bedroom residences; All‑brick Colonial‑style construction completed in 1977; Central air and forced‑air electric heating
