1712 Grandin RD SW, Roanoke, VA 24015
New Listing
$1,499,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
25,265
Status:
Active
Current Price:
$1,499,000
List Date:
7/07/2026
Last Modified:
7/07/2026
Overview
Description
Well-located multifamily investment opportunity in Roanoke's desirable Raleigh Court/Grandin Village area. This classic brick,1930s property offers strong neighborhood appeal, convenient access to restaurants, shopping, parks, schools, public transportation, and major employment centers. Positioned along Grandin Road SW, the asset has proven durable rental demand. Ideal for investors seeking a long-term hold or value-add opportunity through continued professional management and potential unit improvements. Additional potential income from garage leases (8 units) and laundry income. See rent roll for details. Property is made up of 8 2BR's and 4 1BR's. On site parking in back.
Listing Details MLS# 929215
Location, Tax & Legal
- Area
- 0130 - City of Roanoke - SW
- Street Number
- 1712
- Street Name
- Grandin
- Street Suffix
- RD
- Street Direction Sfx
- SW
- State/Province
- VA
- Zip Code
- 24015
- Subdivision
- Grandin Court
- Municipality
- City of Roanoke
- Elementary School
- Wasena
- Middle School
- James Madison
- High School
- Patrick Henry
- Major Area
- 01 - City of Roanoke
- Phase
- 12
- Lot
- 7-8
- Block
- 17
- Tax ID
- 144-0702
- Annual Taxes
- 11500
- Section
- N/A
- POA Y/N
- No
General Property Description
- Multi-Family Type
- Apartments
- Construction Status
- Completed
- Year Built
- 1930
- Number of Units
- 12
- # Unfurnished
- 12
- # Leased Units
- 12
- Gross Bldg SQFT
- 10656
- Total Acreage
- 0.58
- Basement Y/N
- Yes
- Parking Description
- Private (10 or More)
- Operating Expense
- 44191.52
- Net Operating Income
- 87176.48
- Gross Income
- 131368
- Water Class
- N/A
- # Furnished
- 0
Remarks & Misc
- Directions
- 1712 Grandin RD SW, Roanoke, VA 24015
Limited Service
- Not Limited Service
- Yes
Construction
- Brick
- Yes
More Information
Basement
- Partial
- Yes
Heating
- Heat Pump Electric
- Yes
Cooling
- Central Air
- Yes
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Owner Expenses
- Gas
- Yes
- Management Fee
- Yes
- Water
- Yes
Tenant Expenses
- Electricity
- Yes
Property Features
Limited Service:
Not Limited Service
Construction:
Brick
Basement:
Partial
Heating:
Heat Pump Electric
Cooling:
Central Air
Water Description:
Public
Sewer Description:
Public Sewer
Owner Expenses:
Gas; Management Fee; Water
Tenant Expenses:
Electricity
Listing Office:
INVESTORS REAL ESTATE PARTNERS LLC
Last Updated: July - 07 - 2026
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