4622 Grandin RD SW, Roanoke, VA 24018
$1,795,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
44,867
Status:
Active
Current Price:
$1,795,000
List Date:
4/15/2026
Last Modified:
4/15/2026
Description
Nestled in Roanoke's desirable Southwest corridor, this 12-unit apartment building offers investors an attractive blend of stability and upside potential. The property has been well maintained and features all-brick Colonial architecture, manicured grounds and spacious two-bedroom apartments. Current rents are below market, creating immediate potential for income growth. Residents enjoy a peaceful, park-like setting in the Oak Grove area just minutes from Lewis Gale Medical Center, Tanglewood Mall, and Electric Rd. (U.S. 419) commercial corridor, making it a consistently sought-after rental location.
Supplements: " 12 total units - All 2BR apartments " Classic brick exterior with colonial detailing " Central boiler with gas backup heat " Owner also pays water/sewer; tenants pay electric " Ample off-street parking and landscaped surroundings " Common-area stairwells and corridors " Strong rental history with minimal vacancy " Private pool (currently not in use, with potential for reactivation or repurposing)
More Information MLS# 926553
Contract Information
Current Price: $1,795,000
List Price: $1,795,000
List Date: 2026-04-15
Status: Active
General Property Description
Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1977
Number of Units: 12
# Leased Units: 12
Gross Bldg SQFT: 12192
Total Acreage: 1.03
Basement Y/N: No
Parking Description: Private (10 or More)
# Vehicle Spaces: 25
Operating Expense: 48612
Net Operating Income: 87903
Gross Income: 143700
Water Class: N/A
Location Legal Taxes
Area: 0230 - Roanoke County - South
Street Number: 4622
Street Name: Grandin
Street Suffix: RD
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24018
Subdivision: N/A
Municipality: Roanoke County
Elementary School: Grandin Court
Middle School: Woodrow Wilson
High School: Patrick Henry
Property Features
Limited Service: Not Limited Service
Construction: Brick
Heating: Forced Air Electric
Cooling: Central Air
Water Description: Public
Sewer Description: Public Sewer
Owner Expenses: Water
Tenant Expenses: Electricity
Listing Office: INVESTORS REAL ESTATE PARTNERS LLC
Last Updated: April - 15 - 2026
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