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8-Unit Apartment Building
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813 FERDINAND AVE SW, Roanoke, VA 24016

Eight one-bedroom residences offer a consistent unit layout with shared coin-operated laundry equipment.

Property Size6,568 SF
Price / SF$102.77
Days on Market54

Property Features for 813 FERDINAND AVE SW

General Information

Standard status Active
Size 6,568 SF
Property subtype Multifamily
Investment Type Value Add

Units

Unit Mix 8 x 1BR/1BA
Multifamily Units 8

Amenities

coin operated washer and dryer

Building Details

Year Built 1930
Buildings 1
Stories 2
Units 8
Listing Agency: Hall Associates
Listed By: Gavin Hollingsworth · License #0225233452
Source: Crexi
Added: Aug 24 Changed: Oct 3 Last Checked: Oct 14 at 9:30PM

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 Hall Associates

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Investment Insights

Based on property information with market context.

This 8-unit apartment property contains 6,568 SF and was built in 1930. Each residence is configured with 1 bedroom and 1 bathroom, creating a consistent layout across the building. Shared coin-operated laundry equipment is provided on site, and 5 units are currently rented.

The property is located in Southwest Roanoke at 813 Ferdinand Ave SW, near the Wasena Bridge, which is nearing completion. Downtown Roanoke and Roanoke Memorial Carilion are also nearby, providing established surrounding destinations for the property.

Key Highlights

  • 8‑unit apartment building with 6,568 SF
  • All units feature 1 bedroom and 1 bathroom
  • 5 units currently rented

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith Veterinary Clinic Kitchen & Bath Showroom Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

1,073
Businesses Nearby

Demographics for 24016, VA

9,371
Population
5,602
Households
1.7
Avg Household Size
36
Median Age
26%
College-Educated
88%
High-School Grad
3.0 sq mi
ZIP Area
3,124
Density / Sq Mi
$43,727
Median Household Income
$35,936
Median Earnings
$972
Median Rent
$118,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Eight one-bedroom residences offer a consistent unit layout with shared coin-operated laundry equipment.
Where is this apartment building located?
The property is located at 813 FERDINAND AVE SW Roanoke, VA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 8‑unit apartment building with 6,568 SF; All units feature 1 bedroom and 1 bathroom; 5 units currently rented
(540) 982-0011 Call to check price and availability
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