433 Albemarle Ave
Roanoke, VA 24016
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Bed
0
Bath
0.15Acre(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Room Information
Has Basement: Yes Basement: Dirt Floor, Full -
Heating & Cooling
Has Heating: Yes Heating: Electric, Forced Air Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1913 Construction Materials: Wood Siding Private Pool: No
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Lot Information
Main Square Feet: 0.15 Acres Lot Size Acres: 0.15 Lot Size Square Feet: 6534Property Information
Subdivision: Old Southwest Source Property Type: Residential Income MLS Area Minor: 0130 - City of Roanoke - SW Property SubType: Apartment Property Age: 113
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Listing Price Information
Listing Price: $469000
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Tax Information
Parcel Number: 102-2514 Tax Lot: 3 Tax Block: 2 Annual Tax: $4800
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Parking Information
Unpaved
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School Information
Elementary School: Highland ParkJunior High School: James MadisonSenior High School: Patrick Henry -
Location Information
Direction: 433 Albemarle AVE SW, Roanoke, VA 24016 WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 917 1st St, Roanoke, VA, 24016 | $487,933 | -- | -- | -- | -- |
| 224 Gilmer Ave, Roanoke, VA, 24016 | $169,030 | -- | -- | -- | 0.07 Acre |
| 350 Mountain Ave, Roanoke, VA, 24016 | $315,000 | -- | -- | -- | 0.10 Acre |
| 414 Harrison Ave, Roanoke, VA, 24016 | $169,030 | -- | -- | -- | 0.10 Acre |
| 430 Day Ave, Roanoke, VA, 24016 | $435,000 | -- | -- | -- | 0.18 Acre |
| 434 Allison Ave, Roanoke, VA, 24016 | $324,950 | -- | -- | -- | 0.15 Acre |
| 518 Highland Ave, Roanoke, VA, 24016 | $275,000 | -- | -- | -- | 0.15 Acre |
| 813 Ferdinand Ave, Roanoke, VA, 24016 | $675,000 | -- | -- | -- | 0.15 Acre |
| 4 12 1/2 St, Roanoke, VA, 24016 | $158,122 | -- | -- | -- | 0.05 Acre |
| 1316 Chapman Ave, Roanoke, VA, 24016 | $379,925 | -- | -- | -- | 0.17 Acre |
Similar Multifamily To 433 Albemarle Ave
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ByOwner last updated this listing 09/05/2026 @ 00:07
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