209 1St ST SW, Roanoke, VA 24011
$2,225,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
3,485
Status:
Active
Current Price:
$2,225,000
List Date:
11/04/2025
Last Modified:
11/05/2025
Description
The Lofts at First and Kirk is a high-end, 12-unit multifamily property located in the heart of Downtown Roanoke. Located within walking distance of restaurants, shopping, and entertainment, the Lofts at First and Kirk combines modern living with unbeatable convenience. This fully leased building includes eleven 1-bedroom units and one 2-bedroom unit. Each apartment is finished with modern, upscale features, including gas fireplaces, wood plank flooring, concrete countertops, tiled kitchen backsplashes, ceramic tiled showers, and walk-in closets in select units. Property amenities include secure building access, elevator, rooftop deck with an outdoor kitchen, and a community recycling program. Garage parking is available through Park Roanoke's residential parking program.
Supplements: The Lofts at First and Kirk presents a rare opportunity to own a stabilized, turnkey asset with high-quality finishes in one of Roanoke's most vibrant districts. Financials available upon request. Condo Conversion Opportunity.
More Information MLS# 922482
Contract Information
Current Price: $2,225,000
List Price: $2,225,000
List Date: 2025-11-01
Status: Active
General Property Description
Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1920
Present Use: Converted
Number of Units: 12
# Unfurnished: 12
# Leased Units: 12
Gross Bldg SQFT: 12260
Total Acreage: 0.08
Basement Y/N: No
Parking Description: Other - See Remarks
Operating Expense: 104576
Net Operating Income: 59249
Gross Income: 163825
Water Class: N/A
Location Legal Taxes
Area: 0110 - City of Roanoke - Downtown
Street Number: 209
Street Name: 1St
Street Suffix: ST
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24011
Subdivision: N/A
Municipality: City of Roanoke
Elementary School: Highland Park
Middle School: James Madison
High School: William Fleming
Property Features
Limited Service: Not Limited Service
Construction: Brick
Heating: Heat Pump Electric
Cooling: Heat Pump Electric
Fireplace: Gas Log
Water Description: Public
Sewer Description: Public Sewer
Owner Expenses: Management Fee; Water
Misc Features: Current Lease
Tenant Expenses: Deposit; Electricity; Gas
Listing Office: WALDVOGEL COMMERCIAL PROPERTIES
Last Updated: November - 05 - 2025
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