1712 Grandin RD SW, Roanoke, VA 24015
$1,395,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
25,265
Status:
Active
Current Price:
$1,395,000
List Date:
7/07/2026
Last Modified:
9/14/2026
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.
More Information MLS# 929215
Contract Information
Current Price: $1,395,000
List Price: $1,395,000
List Date: 2026-07-05
Status: Active
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
Location Legal Taxes
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
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: September - 14 - 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.
