4847 Rutgers Street NW, Roanoke, VA 24012

Building Details

Year Built

1972

Listing office Cushman & Wakefield Thalhimer - Roanoke, Virginia

Listing date Jun 19, 2026

Source Crexi

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Overview

The Flats at Rutgers is a 102-unit workforce housing apartment community at 4847 Rutgers Street NW. Since 2021, ownership has invested more than $1.7 million in capital improvements, including approximately 57 renovated units, extensive HVAC replacement, community-wide vinyl window upgrades, exterior improvements, and the addition of new community amenities. The result is a property that has been actively maintained and refreshed to support ongoing resident occupancy.

The community is located within Roanoke’s primary retail, employment, and transportation corridor, offering access to major employers and daily-needs retail. The property is also positioned for connectivity to Roanoke-Blacksburg Regional Airport and provides direct connectivity to both I-581 and I-81.

For buyers and investors, The Flats at Rutgers offers a workforce housing product type within an established apartment submarket, along with a documented history of capital improvements and “stabilized” positioning as presented by the current ownership. The property is described as generating average rents exceeding $1,100 per occupied unit and benefiting from stable occupancy and strong rent collections, supported by meaningful ancillary income.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Roanoke

County

Salem

State

Virginia

Longitude

-79.9598785

Latitude

37.313582

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FAQs

What type of property is this?

Apartment building - 102-unit workforce housing community with recent HVAC and window upgrades plus renovated apartments and new amenities.

Where is this apartment building located?

The property is located at 4847 Rutgers Street NW Roanoke, VA.

What are key features of this property?

This property features: 102‑unit workforce housing community built in 1972; Ownership invested $1.7M+ in capital improvements since 2021, including extensive HVAC replacement and community‑wide vinyl window upgrades; Approximately 57 units renovated, along with exterior improvements and new community amenities