$495,000

433 Albemarle Ave SW Roanoke, VA 24016

Old Southwest Neighborhood

Estimated payment $3,088/month

Total Views 6,832
-- Bed
-- Bath
4,516 Sq Ft
$110 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Facilities
  • 1-minute walk to Highland Dog Park

About This Home

Looking for an investment opportunity in the ever-popular Old SW community of Roanoke? This 5-unit garden home with carriage house is for you. With great demographics and nearby amenities, this property will always be desirable. Across from a school, walking distance to cafe's and the bus line, and a stones throw from Highland Park, tenants find this location quaint and peaceful. Take advantage of the Opportunity Zone incentive program in Roanoke City and make this property your next project. Financing is easy with immediate cashflow and full occupancy. Recent roof, water heaters and each unit has it's own heat pump/air conditioning. Call the listing agent today for a pro forma and to schedule an appointment.

Listing Agent

Daniel Wickham

WALKER REAL ESTATE SOLUTIONS License #0225228275 Listed on: 06/09/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,947

Year Built

  • Built in 1913

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x130

Parking

  • 6 Parking Spaces

Interior Spaces

  • 4,516 Sq Ft Home
  • Crawl Space

Schools

  • Highland Park Elementary School
  • James Madison Middle School
  • Patrick Henry High School

Utilities

  • Heat Pump System
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 3 / 2

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Old Southwest Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • Manager Expense $450
  • Operating Expense $16,201
  • Gross Income $56,700
  • Net Operating Income $40,569

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,947

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Crawl Space
  • Cooling System: Heat Pump Electric
  • CondoAssocYN: No
  • ExpensesManagementExp: 450.00
  • Internet Access: Cable
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 6.00
  • NumberUnfurnished: 6.00
  • NumberVehicleSpaces: 6.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 16201.00
  • Water Class: N/A
  • Water Heater Energy: Natural Gas
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Laundry Facility

Schools

  • Elementary School: Highland Park
  • Middle School: James Madison
  • High School: Patrick Henry

Lot Info

  • Lot Dimensions: 50x130
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.15
  • Lot: 3
  • Present Use: Converted

Building Info

  • Year Built: 1913

Tax Info

  • Taxes (6 mo): 4947.10
  • FILLTAXID: 1022514

Multi Family

  • Lease Type: Month-to-Month
  • Tenant Pays: All Utilities
  • Units In Building: 6.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Highland Park
  • HighSchool: Patrick Henry
  • Middle School: James Madison

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2025 06/09/25 For Sale $495,000 -- $110 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Source: Roanoke Valley Association of REALTORS®

MLS Number: 918072

Roanoke Valley Association of REALTORS®

APN: 102-2514

Virginia Roanoke City County Roanoke 24016 Old Southwest

433 Albemarle Ave SW, Roanoke, VA

This home is located at 433 Albemarle Ave SW, Roanoke, VA 24016 and is currently priced at $495,000, approximately $109 per square foot. This property was built in 1913. 433 Albemarle Ave SW is a home located in Roanoke City with nearby schools including Highland Park Elementary School, James Madison Middle School, and Patrick Henry High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Daniel Wickham
Listing Agent
Daniel Wickham
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WALKER REAL ESTATE SOLUTIONS
(540) 517-7610