$1,795,000

4622 Grandin Rd SW Roanoke, VA 24018

Greater Deyerle Neighborhood

Estimated payment $10,406/month

Total Views 2,598
-- Bed
-- Bath
12,192 Sq Ft
$147 Price per Sq Ft

Highlights

  • Very Popular Property
  • 1.03 Acre Lot
  • Forced Air Heating System
  • Grandin Court Elementary School Rated A-
  • No HOA

About This Home

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.

Listing Agent

Jason Fountain

VRC PROPERTIES LLC License #0225077081 Listed on: 10/31/2025

Co-Listing Agent

Steve Zegarski

VRC PROPERTIES LLC License #0225245213

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $11,899

Year Built

  • Built in 1977

Lot Details

  • 1.03 Acre Lot
  • Lot Dimensions are 205x218

Parking

  • 25 Parking Spaces

Home Design

  • 12,192 Sq Ft Home
  • Brick Exterior Construction

Schools

  • Grandin Court Elementary School
  • Woodrow Wilson Middle School
  • Patrick Henry High School

Utilities

  • Forced Air Heating System

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Building Details

  • 12 Leased Units
  • Operating Expense $48,612
  • Gross Income $143,700
  • Net Operating Income $87,903

Property Details

Home Type

Apartment

Est. Annual Taxes

$11,899

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Heating System: Forced Air Electric
  • Type: Multi-Family
  • Cooling System: Central Air
  • CondoAssocYN: No
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 12.00
  • NumberUnfurnished: 12.00
  • NumberVehicleSpaces: 25.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 48612.00
  • Water Class: N/A
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (10 or More)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public

Lot Info

  • Lot Dimensions: 205x218
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 1.03
  • Present Use: Built-As
  • ZoningCode: RM-2

Building Info

  • Year Built: 1977

Tax Info

  • Taxes (6 mo): 11899.00

Multi Family

  • Tenant Pays: Electricity
  • Units In Building: 12.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Grandin Court
  • HighSchool: Patrick Henry
  • Middle School: Woodrow Wilson

Map

Range of Values:

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Value Increase
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Percent Increase
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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 List to Sale Price per Sq Ft
10/31/2025 10/31/25 For Sale $1,795,000 -- $147 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Source: Roanoke Valley Association of REALTORS®

MLS Number: 922369

Roanoke Valley Association of REALTORS®

APN: 509-0123

Virginia Roanoke City County Roanoke 24018 Greater Deyerle

4622 Grandin Rd SW, Roanoke, VA

For Sale

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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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Jason Fountain
Listing Agent
Jason Fountain
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VRC PROPERTIES LLC
(540) 698-4766