111 Highland AVE SW, Roanoke, VA 24016
$725,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
4,356
Status:
Active
Current Price:
$725,000
List Date:
10/15/2026
Last Modified:
10/20/2026
Description
Seven-unit built-as apartment building in Old Southwest, and currently fully leased. Six 2BR/1BA units (approx. 823 SF) and one 3BR/1BA unit (approx. 1,203 SF). Each unit has its own heat pump, and gas water heater, plus an in-unit washer/dryer, refrigerator, range, and dishwasher. Tenants pay for their own electric and gas. Covered porches on all three levels and private parking. A short walk downtown and minutes from Carilion Roanoke Memorial Hospital.
More Information MLS# 932380
Contract Information
Current Price: $725,000
List Price: $725,000
List Date: 2026-10-14
Status: Active
General Property Description
Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1900
Present Use: Built-As
Number of Units: 7
# Unfurnished: 7
# Leased Units: 7
Gross Bldg SQFT: 5048
Total Acreage: 0.1
Basement Y/N: Yes
Parking Description: Private (1 - 9)
Operating Expense: 26250.02
Net Operating Income: 56194.4
Gross Income: 82444.42
Water Class: N/A
Location Legal Taxes
Area: 0130 - City of Roanoke - SW
Street Number: 111
Street Name: Highland
Street Suffix: AVE
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24016
Subdivision: N/A
Municipality: City of Roanoke
Elementary School: Highland Park
Middle School: James Madison
High School: William Fleming
Property Features
Construction: Vinyl; Wood
Basement: Other - See Remarks
Heating: Forced Air Gas
Cooling: Heat Pump Electric
Water Description: Public
Sewer Description: Public Sewer
Owner Expenses: Lawn Care; Water
Tenant Expenses: Electricity; Gas
Listing Office: MKB, REALTORS®
Last Updated: October - 20 - 2026
All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.
