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Southwest Roanoke County Duplex 1702 Elbert Dr 2 Unit Apartment Building $399,000 ($199,500/Unit) 7.04% Cap Rate Roanoke, VA 24018
Investment Highlights
- Attractive Duplex Asset
- Strong Tenant Appeal
- Stable Rental Corridor
- Turnkey Condition
- Efficient Operations
- Reduced Turnover Risk
Executive Summary
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.
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.
Property Facts
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Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
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Southwest Roanoke County Duplex | 1702 Elbert Dr
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