4622 Grandin RD SW, Roanoke, VA 24018
$1,795,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
44,867
Status:
Active
Current Price:
$1,795,000
List Date:
4/15/2026
Last Modified:
4/15/2026
Overview
Description
Nestled in Roanoke's desirable Southwest corridor, this 12-unit apartment building offers investors an attractive blend of stability and upside potential. The property has been well maintained and features all-brick Colonial architecture, manicured grounds and spacious two-bedroom apartments. Current rents are below market, creating immediate potential for income growth. Residents enjoy a peaceful, park-like setting in the Oak Grove area just minutes from Lewis Gale Medical Center, Tanglewood Mall, and Electric Rd. (U.S. 419) commercial corridor, making it a consistently sought-after rental location.
Supplements: ... (Read more)
Listing Details MLS# 926553
Location, Tax & Legal
- Area
- 0230 - Roanoke County - South
- Street Number
- 4622
- Street Name
- Grandin
- Street Suffix
- RD
- Street Direction Sfx
- SW
- State/Province
- VA
- Zip Code
- 24018
- Subdivision
- N/A
- Municipality
- Roanoke County
- Elementary School
- Grandin Court
- Middle School
- Woodrow Wilson
- High School
- Patrick Henry
- Major Area
- 02 - Roanoke County
- Phase
- 0
- Lot
- No
- Block
- No
- Tax ID
- 509-0123
- Annual Taxes
- 11899
- Section
- No
- Zoning Code
- RM-2
- POA Y/N
- No
General Property Description
- Multi-Family Type
- Apartments
- Construction Status
- Completed
- Year Built
- 1977
- Number of Units
- 12
- # Leased Units
- 12
- Gross Bldg SQFT
- 12192
- Total Acreage
- 1.03
- Basement Y/N
- No
- Parking Description
- Private (10 or More)
- # Vehicle Spaces
- 25
- Operating Expense
- 48612
- Net Operating Income
- 87903
- Gross Income
- 143700
- Water Class
- N/A
- # Furnished
- 0
- # Unfurnished
- 0
Remarks & Misc
- Directions
- 4622 Grandin RD SW, Roanoke, VA 24018
Limited Service
- Not Limited Service
- Yes
Construction
- Brick
- Yes
More Information
Heating
- Forced Air Electric
- Yes
Cooling
- Central Air
- Yes
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Owner Expenses
- Sewer
- Yes
- Water
- Yes
Tenant Expenses
- Electricity
- Yes
Property Features
Limited Service:
Not Limited Service
Construction:
Brick
Heating:
Forced Air Electric
Cooling:
Central Air
Water Description:
Public
Sewer Description:
Public Sewer
Owner Expenses:
Water
Tenant Expenses:
Electricity
Listing Office:
INVESTORS REAL ESTATE PARTNERS LLC
Last Updated: April - 15 - 2026
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