433 Albemarle Ave
Roanoke, VA 24016
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Bed
0
Bath
3,128Sqft
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: Forced Air
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Building Information
Year Built: 1913 Construction Materials: Wood Siding Private Pool: No
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Lot Information
Lot Size Acres: 0.15Property Information
Subdivision: Old Southwest Source Property Type: Residential Income Zoning Description: RM-1 Property SubType: Multi Family 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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Garage Information
Has Garage: Yes Garage Space: 37522.6
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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
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 | -- | -- | 3,869 | 3,869 SqFt |
| 224 Gilmer Ave, Roanoke, VA, 24016 | $169,030 | -- | -- | 1,871 | 1,871 SqFt |
| 1215 Franklin Rd, Roanoke, VA, 24016 | $485,962 | -- | -- | 4,365 | 4,365 SqFt |
| 376 Allison Ave, Roanoke, VA, 24016 | $375,000 | -- | -- | 5,478 | 5,478 SqFt |
| 414 Harrison Ave, Roanoke, VA, 24016 | $169,030 | -- | -- | 1,768 | 1,768 SqFt |
| 430 Day Ave, Roanoke, VA, 24016 | $475,000 | -- | -- | 2,952 | 2,952 SqFt |
| 518 Highland Ave, Roanoke, VA, 24016 | $310,000 | -- | -- | 2,508 | 2,508 SqFt |
| 819 Campbell Ave, Roanoke, VA, 24016 | $675,998 | -- | -- | 3,700 | 3,700 SqFt |
| 4 12 1/2 St, Roanoke, VA, 24016 | $166,444 | -- | -- | 999 | 999 SqFt |
| 803 King James St, Roanoke, VA, 24016 | $10,750,000 | -- | -- | 127,900 | 127,900 SqFt |
Similar Multifamily To 433 Albemarle Ave
Nearby For Sale
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ByOwner last updated this listing 07/21/2026 @ 20:47
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