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0 Baths

$469,000

433 Albemarle AVE SW, Roanoke VA, 24016

Price per sqftN/A
Built in1913
Property typeCondominium

Overview

Active

Listed Jul 7, 2026

Updated Sep 10

Stabilized 6-unit multifamily with a 7.00% cap rate on current income and projected 8.00% at market rents. Current NOI of $33,421 grows to $37,522 with modest rent adjustments on a tenant-occupied, income-producing asset in Roanoke's established Old Southwest neighborhood. Mix of 1BR and 2BR units including garage apartments with strong tenant retention. Stabilized and tenant-occupied. Income producing from day one.

$3,120/mo

Est. mortgage payment based on a $469,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
929212

Interior Features

Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.15 Acres

Other Property Details

Taxes
$4,800
Tax Frequency
Annually
MLS provider logo

Listed by JASON NOEL FOUNTAIN with INVESTORS REAL ESTATE PARTNERS LLC
Listing Contact: [email protected] 

The IDX display contains information sourced from the Roanoke Valley Association of REALTORS® as of 9/10/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Roanoke Valley Association of REALTORS® all rights reserved.

Data last updated on 9/10/2026 at 1:25 PM UTC

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