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    Property profile & analytics

    1509 9Th St Roanoke, VA 24013

    • Residential income homes
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US87-0405347
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 1509 9Th St

    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a portfolio of ten single-family rental homes strategically located throughout Roanoke, Salem, and Elliston, Virginia. Eight properties are situated within Roanoke, with addresses spanning various neighborhoods, including 1509 9th St SE (24013), 921 Peck St NW (24017), 2023 Clinton Ave SE (24013), 2044 Clinton Ave SE (24013), 2203 Courtland Rd NE (24012), 548 Madison Ave NW (24016), 2718 Tremont Dr NW (24017), and 2813 Luray St NE (24012). The remaining two properties are located at 113 Brake Rd, Elliston (24087) and 732 Crystal Dr, Salem (24153). The portfolio boasts a 7.08% capitalization rate and a current net operating income (NOI) of $99,128, with 100% occupancy. The properties are classified as Class C and represent a stabilized investment. Many homes have undergone recent extensive renovations, ensuring excellent condition and strong rental history. This presents a compelling opportunity for immediate income generation, with potential for further rent increases. The portfolio offers flexibility

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.925807
    Latitude
    37.2605712

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      Roanoke Residential Single Family Property

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    Similar Nearby for Sale

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      Renovated Duplex in Roanoke, VA

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      1138 Montrose Ave SE, Roanoke, VA 24013
      View Details
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      Turnkey Duplex in Roanoke, VA

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      View Details
    • $234,500
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      Well-maintained triplex with recent renovations and immediate income potential.
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      Roanoke Multifamily Property for Sale

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      View Details
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      Roanoke Residential Single Family Property

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      Buena Vista Blvd SE, Roanoke, VA 24013
      View Details

    Similar Nearby for Lease

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    1509 9Th St
    Roanoke, VA 24013
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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