For sale
433 Albemarle Ave SW
Roanoke, VA 24016 · Old Southwest
$469,000
- 0.15acres
- 1913built
Listed by Investors Real Estate Partners LLC
About this home.
Stabilized 6-unit multifamily with a 7.00% cap rate on current income and projected 8.00% at market rents.
Current NOI of $33,421 grows to $37,522 with modest rent adjustments on a tenant-occupied, income-producing asset in Roanoke's established Old Southwest neighborhood.
Mix of 1BR and 2BR units including garage apartments with strong tenant retention. Stabilized and tenant-occupied. Income producing from day one.
Facts and features.
The home
- Type
- Condo (Apartment)
Inside
- Basement
- Dirt Floor, Full
Outside and lot
- Zoning
- RM-1
Utilities
- Heating
- Forced Air Electric
- Cooling
- Central Air
- Water source
- Public
Community
- Subdivision
- Old Southwest
- HOA dues
- None
- County
- City Of Roanoke County
The listing
- Source
- Roanoke Valley Association of REALTORS® MLS #929212
Price and status history.
131
days on market
| Date | Event | Price |
|---|---|---|
| Jul 5, 2026 | Listed for sale | $469,000 |
Location.
433 Albemarle Ave SW, Roanoke, VA 24016
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Listing information
Listing courtesy of Investors Real Estate Partners LLC.
Displayed by GRAVITY Real Estate Group.
Information last updated .
Listing information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed and should be independently verified. Listings are courtesy of the listing brokerage shown with each property.
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