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Roanoke Multifamily Portfolio 7 Multifamily Properties Offered at $1,950,000 in Roanoke, VA
Investment Highlights
- Stabilized 17-unit portfolio across seven properties, underwritten with sufficient cash flow to support new leverage.
- Blended in-place rents of $0.88 per SF, offering clear upside through lossto-lease recapture and targeted cosmetic improvements.
- Strong rental demand driven by Roanoke’s expanding healthcare, research, and education employment base.
- Significant recent capital improvements, including HVAC replacements, roof projects, interior updates, and mechanical upgrades.
- Opportunity Zone location and MX zoning on Old Southwest assets supporting renovation strategies and both short-term and long-term rentals by right.
- Professionally managed portfolio providing rare immediate scale in a single offering.
Executive Summary
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.
Property Facts
| Price | $1,950,000 | Status | Active |
| Price / SF | $96.43 / SF | Number of Properties | 7 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6.47% | Total Building Size | 20,222 SF |
| Sale Type | Investment | Total Land Area | 0.88 AC |
| Price | $1,950,000 |
| Price / SF | $96.43 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6.47% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 20,222 SF |
| Total Land Area | 0.88 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 111 Highland Ave SW, Roanoke, VA 24016 | Multifamily | 6,171 SF | 1900 | - |
| 1326 Maple Ave SW, Roanoke, VA 24016 | Multifamily | 4,502 SF | 1900 | - |
| 1313 Maple Ave SW, Roanoke, VA 24016 | Multifamily | 2,526 SF | 1910 | - |
| 1522 Kenwood Blvd SE, Roanoke, VA 24013 | Multifamily | 2,432 SF | 1914 | - |
| 1717 Patterson Ave, Roanoke, VA 24016 | Multifamily | 2,382 SF | 1910 | - |
| 1501 Wilson St SE, Roanoke, VA 24013 | Multifamily | 1,421 SF | 1930 | - |
| 1322 Tazewell Ave SE, Roanoke, VA 24013 | Multifamily | 788 SF | 1906 | - |
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Roanoke Multifamily Portfolio
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