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(540) 580-3819 Email 540.580.3819
Ken Arritt
REALTOR®
(540) 580-3819

433 Albemarle Ave Sw, Roanoke, VA 24016

$469,000
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  • 433 Albemarle Ave Sw, Roanoke, VA 24016 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET3,128 MLS#929212
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONOld Southwest
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Property Description

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.

433 Albemarle Ave Sw | MLS# 929212

This multi-family property located at 433 Albemarle Ave Sw, Roanoke, VA 24016 is currently listed for sale with an asking price of $469,000. Search Roanoke real estate on karritt.mkbrealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Cooling: Central Air
Heating: Forced Air Electric
Lot Size: 0.15 Acres
Taxes: $4,800
Year Built: 1913

Feature Descriptions

Exterior: Wood
Lot Dimensions: 0.15 acre(s)
Parking Notes: Unpaved
Sewer: Public Sewer
Units: 6
Water: Public

Local Schools

High School: Patrick Henry
Middle School: James Madison
Elementary School: Highland Park

Listed By / Shown By

Listed By

Agency Name: INVESTORS REAL ESTATE PARTNERS LLC
Agency Phone: (540) 444-4737

Shown By

Agent Name: Ken Arritt
Agent Phone: (540) 580-3819
Agency Title: MKB, REALTORS

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Estimated Payment

$ 1,580.58 per month $1,043.79 Principal & Interest $400.00 Property Tax $136.79 Homeowner's Insurance

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Ken Arritt
Ken Arritt Office: (540) 989-4555 Cell: (540) 580-3819 Toll Free: (800) 879-6527 Email Me
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/12/2026. The listing information on this page last changed on 07/12/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 07/12/2026 12:29:00 PM EST) or Roanoke Valley MLs (last updated Sun 07/12/2026 12:27:06 PM EST). Real estate listings held by brokerage firms other than MKB, REALTORS may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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