1702 Elbert Dr - Apartments FOR SALE


Roanoke, VA 24018
$399,000 USD
540-354-6456
1702 Elbert Dr, Roanoke, VA for Sale
$399,000 USD
Apartments - FOR SALE
1/19
null | 7.04% Cap Rate

1702 Elbert Dr
Roanoke, VA 24018


HIGHLIGHTS

  • Attractive Duplex Asset
  • Turnkey Condition
  • Strong Tenant Appeal
  • Efficient Operations
  • Stable Rental Corridor
  • Reduced Turnover Risk

OVERVIEW

Located in highly desirable Southwest Roanoke County, 1702–1704 Elbert Drive presents a rare opportunity to acquire a well-maintained brick and vinyl duplex in a supply-constrained rental market. Each townhouse-style unit offers three bedrooms and two and a half baths with modern layouts, open living areas, and updated kitchens—features that consistently attract long-term tenants seeking quality housing. The property includes separate electric service for each unit, central HVAC, updated fixtures, and only water/sewer covered by ownership. Recent structural renovations mean both units are move-in ready and can be leased immediately at market rates. Both units will soon begin to be marketed at $1800 per side. With private decks, mountain views, and a backyard bordering an apple orchard, the property offers unique curb appeal that supports long term tenancy. Situated on a quiet cul-de-sac in one of Roanoke’s strongest rental corridors, this duplex benefits from proximity to major employers, schools, shopping, and outdoor amenities—driving consistent demand and stable rent growth. Investors can expect low-maintenance ownership, immediate leasing potential, and long-term appreciation in a high-barrier-to-entry submarket.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$126 USD /SF

# OF UNITS

2

PRICE/UNIT

$199,500

CAP RATE

7.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southwest Roanoke County Duplex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

R-2

APN/PARCEL ID

076.05-02-25.00-0000

ASK ABOUT THIS PROPERTY

Jason Fountain, CCIMInvestors Real Estate PartnersMore Info
540-354-6456

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Jason Fountain, CCIMInvestors Real Estate PartnersMore Info
540-354-6456

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.