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.
For sale
$469,000
433 Albemarle Ave SW, Roanoke, VA 24016
--beds
--baths
3,128sqft
Multi Family
Built in 1913
-- sqft lot
$-- Zestimate®
$150/sqft
$-- HOA
What's special
Garage apartments
- 4 days |
- 127 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
JASON NOEL FOUNTAIN 540-444-4737,
INVESTORS REAL ESTATE PARTNERS LLC,
STEVEN JUDE ZEGARSKI 540-309-6738
Source: RVAR,MLS#: 929212
Loading...
Facts & features
Interior
Heating
- Forced Air Electric
Cooling
- Central Air
Features
- Has basement: Yes
Interior area
- Total structure area: 3,128
- Total interior livable area: 3,128 sqft
Property
Parking
- Parking features: Unpaved
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: 1022514
- Zoning: RM-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood
Condition
- Completed
- Year built: 1913
Utilities & green energy
- Electric: 17 Phase
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: Old Southwest
HOA
- Has HOA: No
Location
- Region: Roanoke
Financial & listing details
- Price per square foot: $150/sqft
- Tax assessed value: $405,500
- Annual tax amount: $4,800
- Date on market: 7/7/2026
- Tenant pays: None
Estimated market value
Not available
Estimated sales range
Not available
$2,600/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Listed for sale | $469,000-1.3%$150/sqft |
Source:  RVAR #929212 Report a problem | ||
| 12/2/2025 | Listing removed | $475,000$152/sqft |
Source: RVAR #918072 Report a problem | ||
| 11/21/2025 | Price change | $475,000-4%$152/sqft |
Source: RVAR #918072 Report a problem | ||
| 6/9/2025 | Listed for sale | $495,000-8.2%$158/sqft |
Source: RVAR #918072 Report a problem | ||
| 4/17/2024 | Listing removed | -- |
Source: RVAR #901188 Report a problem | ||
| 3/22/2024 | Listed for sale | $539,000$172/sqft |
Source: RVAR #901188 Report a problem | ||
| 2/13/2024 | Pending sale | $539,000$172/sqft |
Source: RVAR #901188 Report a problem | ||
| 10/6/2023 | Price change | $539,000-6.3%$172/sqft |
Source: RVAR #901188 Report a problem | ||
| 8/28/2023 | Listed for sale | $575,000+15%$184/sqft |
Source: RVAR #901188 Report a problem | ||
| 11/23/2021 | Sold | $500,000$160/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,947 +8.1% | $405,500 +8.1% |
| 2024 | $4,576 +22.9% | $375,100 +22.9% |
| 2023 | $3,725 +4.9% | $305,300 +4.9% |
| 2022 | $3,550 +10.6% | $291,000 +10.6% |
| 2021 | $3,210 +5% | $263,100 +4.4% |
| 2020 | $3,058 +10% | $251,900 +10.6% |
| 2019 | $2,779 -0.5% | $227,800 +10.5% |
| 2018 | $2,793 +14.4% | $206,100 +6.8% |
| 2017 | $2,441 -2.2% | $193,000 -2.3% |
| 2016 | $2,497 +96.8% | $197,600 -5.1% |
| 2015 | $1,269 | $208,200 -5.4% |
| 2014 | $1,269 | $220,200 -3% |
| 2013 | -- | $227,000 |
| 2012 | -- | $227,000 |
| 2011 | -- | $227,000 |
| 2010 | -- | $227,000 |
| 2009 | -- | $227,000 |
| 2008 | -- | $227,000 +0.4% |
| 2007 | -- | $226,000 +12.9% |
| 2005 | -- | $200,200 +8.5% |
| 2004 | -- | $184,500 +190.6% |
| 2003 | -- | $63,500 -34.7% |
| 2002 | -- | $97,200 +15% |
| 2001 | -- | $84,500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Old Southwest
Nearby schools
GreatSchools rating
- 8/10Highland Park Elementary SchoolGrades: PK-5Distance: 0 mi
- 4/10James Madison Middle SchoolGrades: 6-8Distance: 1.6 mi
- 3/10Patrick Henry High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Highland Park
- Middle: James Madison
- High: Patrick Henry
Source: RVAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $193,5002 bd1 ba900 sqft429 Albemarle Ave SW, Roanoke, VA 24016Off Market
- $--2 bd1 ba930 sqft431 Albemarle Ave SW #A, Roanoke, VA 24016Off Market
- $288,5002 bd1 ba930 sqft431 Albemarle Ave SW, Roanoke, VA 24016Off Market
- $30,0004 bd3 ba2k sqft437 Albemarle Ave SW, Roanoke, VA 24016Sold
- $702,6003 bd4 ba4.1k sqft441 Albemarle Ave SW, Roanoke, VA 24016Off Market
- $1,181,800-- bd12 ba6.9k sqft423 Albemarle Ave SW, Roanoke, VA 24016Off Market
- $--1 bd1 ba-- sqft423 Albemarle Ave SW APT 16, Roanoke, VA 24016Off Market
- $322,7004 bd3 ba2.8k sqft434 Washington Ave SW, Roanoke, VA 24016Off Market
A local agent can set up tours, give advice and negotiate with sellers.
Similar homes
- $469,5003 bd3 ba2.7k sqft425 Day Ave SW, Roanoke, VA 24016For Sale
MLS ID #927967, ALISON O'BRIEN. RVAR - $356,0005 bd3 ba3.9k sqft614 Day Ave SW, Roanoke, VA 24016For Sale
MLS ID #929361, PAIGE WILLIAMS. RVAR - $399,0004 bd3 ba2.5k sqft416 Day Ave SW, Roanoke, VA 24016For Sale
MLS ID #928072, COURTNEE W BISHOP. RVAR - $415,0003 bd3 ba2.3k sqft2840 Sha Al Rd, Roanoke, VA 24014For Sale
MLS ID #929336, ANGELA LEIGH MURPHY. RVAR - $399,9503 bd2 ba1.7k sqft2040 Berkley Ave SW, Roanoke, VA 24015For SaleMLS ID #929353, TODD MCKEE. RVAR
- $595,0005 bd3 ba2.9k sqft18 Mountain Ave SW, Roanoke, VA 24016For SaleMLS ID #927485, STEVEN KOLENO. RVAR
- $599,9004 bd4 ba2.7k sqft3814 Belle Aire Cir SW, Roanoke, VA 24018For SaleMLS ID #929255, STEVEN KOLENO. RVAR
- $389,9004 bd2 ba2.3k sqft2026 Mayfield Dr, Roanoke, VA 24014For SaleMLS ID #929032, KATY COOKSTON. RVAR
- $349,9004 bd3 ba2.1k sqft2519 Kent Rd SE, Roanoke, VA 24014For SaleMLS ID #929305, LOGAN SMITH. RVAR
- $445,0004 bd2 ba2.7k sqft2506 Rosalind Ave SW, Roanoke, VA 24014For SaleMLS ID #918317, MARTHA CAMPBELL. RVAR
- $512,017-- bd-- ba3.8k sqft2319 Avenham Ave SW, Roanoke, VA 24014For SaleMLS ID #917228, COURTNEE W BISHOP. RVAR
- $439,9503 bd3 ba2.2k sqft1605 Westover Ave SW, Roanoke, VA 24015For SaleMLS ID #926306, BEN JOHNSON. RVAR
- $269,950-- bd-- ba1.9k sqft3234-3246 Courtland Rd NW #3234-3246, Roanoke, VA 24012For SaleMLS ID #929277, SYBIL BARRETT. RVAR
- $485,0003 bd2 ba2.1k sqft1928 Belleville Rd SW, Roanoke, VA 24015For SaleMLS ID #928225, MICHAEL BRANDON BELCHER. RVAR
- $514,9504 bd3 ba2.2k sqft2227 Westover Ave SW, Roanoke, VA 24015For SaleMLS ID #927439, AMANDA OSTRANDER. RVAR
- $389,9004 bd2 ba2.2k sqft5335 Cave Spring Ln, Roanoke, VA 24018For SaleMLS ID #926973, ERIC BAIRD. RVAR
- $420,0005 bd3 ba2.6k sqft1709 Brandon Ave SW, Roanoke, VA 24015For SaleMLS ID #927702, BRENDA KAY BELCHER. RVAR
- $452,500-- bd-- ba2.1k sqft1909 Canterbury Rd SW, Roanoke, VA 24015For SaleMLS ID #922999, BRITTANY LEIGH BARLOW. RVAR
- $530,0005 bd4 ba3k sqft595 Spring Grove Dr, Vinton, VA 24179For SaleMLS ID #929408, TAMMY ENTSMINGER SHEPHERD. RVAR
- $529,036-- bd-- ba2.6k sqft1836 Wakefield Rd SW, Roanoke, VA 24015For SaleMLS ID #921118, COURTNEE W BISHOP. RVAR
- Virginia
- Roanoke City
- Roanoke
- 24016
- Old Southwest
- 433 Albemarle Ave SW
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Roanoke Topics
