Roanoke Multifamily Portfolio Multi-Family FOR SALE


Roanoke, VA - Old Southwest
$1,950,000 USD
804-819-9948
, Roanoke, VA for Sale
$1,950,000 USD
Multi-Family - FOR SALE
1/4
null | 6.47% Cap Rate

Roanoke Multifamily Portfolio
Roanoke, VA
Old Southwest


HIGHLIGHTS

  • Stabilized 17-unit portfolio across seven properties, underwritten with sufficient cash flow to support new leverage.
  • Significant recent capital improvements, including HVAC replacements, roof projects, interior updates, and mechanical upgrades.
  • Blended in-place rents of $0.88 per SF, offering clear upside through lossto-lease recapture and targeted cosmetic improvements.
  • Opportunity Zone location and MX zoning on Old Southwest assets supporting renovation strategies and both short-term and long-term rentals by right.
  • Strong rental demand driven by Roanoke’s expanding healthcare, research, and education employment base.
  • Professionally managed portfolio providing rare immediate scale in a single offering.

OVERVIEW

Cushman & Wakefield | Thalhimer, as the sole representative of the Owner, is pleased to offer the Roanoke Multifamily Portfolio, a stabilized, cash-flowing collection of 17 rental units across seven properties strategically located within the City of Roanoke. The offering includes a historic 7-unit apartment building, a quad, and a single-family home clustered in Old Southwest, along with a duplex in the Mountain View neighborhood and three single-family homes in Southeast Roanoke. With blended occupied rents averaging just $0.88 per square foot, the portfolio offers meaningful upside through loss-to-lease recapture, select cosmetic upgrades, and improved alignment with current market rent levels. The Old Southwest assets, located in a designated Opportunity Zone and governed by MX zoning, provide long-term operational flexibility, allowing both short-term and long-term rentals by right and positioning the properties to benefit from ongoing investment in Roanoke’s innovation corridor.

ASK ABOUT THIS PROPERTY

Clay TaylorCushman & Wakefield | ThalhimerMore Info
804-819-9948

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Clay TaylorCushman & Wakefield | ThalhimerMore Info
804-819-9948

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