Nestled in Roanoke's desirable Southwest corridor, this 12-unit apartment building offers investors an attractive blend of stability and upside potential. The property has been well maintained and features all-brick Colonial architecture, manicured grounds and spacious two-bedroom apartments. Current rents are below market, creating immediate potential for income growth. Residents enjoy a peaceful, park-like setting in the Oak Grove area just minutes from Lewis Gale Medical Center, Tanglewood Mall, and Electric Rd. (U.S. 419) commercial corridor, making it a consistently sought-after rental location. " 12 total units - All 2BR apartments
" Classic brick exterior with colonial detailing
" Central boiler with gas backup heat
" Owner also pays water/sewer; tenants pay electric
" Ample off-street parking and landscaped surroundings
" Common-area stairwells and corridors
" Strong rental history with minimal vacancy
" Private pool (currently not in use, with potential for
reactivation or repurposing)
For sale
Price cut: $100K (6/4)
$1,695,000
4622 Grandin Rd SW, Roanoke, VA 24018
--beds
--baths
12,192sqft
Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$139/sqft
$-- HOA
What's special
Private poolLandscaped surroundingsManicured groundsAmple off-street parkingAll-brick colonial architecturePeaceful park-like settingCommon-area stairwells and corridors
- 58 days |
- 387 |
- 13 |
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#: 926553
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Facts & features
Interior
Heating
- Forced Air Electric
Cooling
- Central Air
Features
- Has basement: No
Interior area
- Total structure area: 12,192
- Total interior livable area: 12,192 sqft
Property
Parking
- Total spaces: 25
- Parking features: Private (10 or More)
Lot
- Size: 1.03 Acres
Details
- Parcel number: 5090123
- Zoning: RM-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- Completed
- Year built: 1977
Utilities & green energy
- Electric: 0 Phase
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: N/A
HOA
- Has HOA: No
Location
- Region: Roanoke
Financial & listing details
- Price per square foot: $139/sqft
- Tax assessed value: $1,205,900
- Annual tax amount: $11,899
- Date on market: 4/15/2026
- Tenant pays: Electricity
Estimated market value
Not available
Estimated sales range
Not available
$1,812/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2026 | Price change | $1,695,000-5.6%$139/sqft |
Source:  RVAR #926553 Report a problem | ||
| 5/18/2026 | Listed for rent | $1,295+12.6% |
Source: Zillow Rentals Report a problem | ||
| 4/15/2026 | Listed for sale | $1,795,000$147/sqft |
Source: RVAR #926553 Report a problem | ||
| 4/15/2026 | Listing removed | $1,795,000$147/sqft |
Source: RVAR #922369 Report a problem | ||
| 3/26/2026 | Pending sale | $1,795,000$147/sqft |
Source: RVAR #922369 Report a problem | ||
| 3/11/2026 | Listed for sale | $1,795,000$147/sqft |
Source: RVAR #922369 Report a problem | ||
| 2/2/2026 | Pending sale | $1,795,000$147/sqft |
Source: RVAR #922369 Report a problem | ||
| 10/31/2025 | Listed for sale | $1,795,000+56.1%$147/sqft |
Source: RVAR #922369 Report a problem | ||
| 4/10/2025 | Listing removed | $1,150 |
Source: Zillow Rentals Report a problem | ||
| 3/20/2025 | Listed for rent | $1,150+5% |
Source: Zillow Rentals Report a problem | ||
| 6/21/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/8/2023 | Listed for rent | $1,095 |
Source: Zillow Rentals Report a problem | ||
| 5/3/2021 | Sold | $1,150,000+37.7%$94/sqft |
Source: Public Record Report a problem | ||
| 1/12/2021 | Sold | $835,000$68/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,712 +6.5% | $1,205,900 +6.5% |
| 2024 | $13,817 +9.2% | $1,132,500 +9.2% |
| 2023 | $12,654 +14.5% | $1,037,200 +14.5% |
| 2022 | $11,050 +9% | $905,700 +9% |
| 2021 | $10,138 -1.5% | $831,000 |
| 2020 | $10,290 +4.7% | $831,000 +3.2% |
| 2019 | $9,826 +98.6% | $805,400 +3.6% |
| 2018 | $4,948 +8.7% | $777,200 +6.3% |
| 2017 | $4,553 +5.7% | $731,100 +2.7% |
| 2016 | $4,306 +29.9% | $711,900 +0.9% |
| 2015 | $3,315 | $705,600 +2.7% |
| 2014 | $3,315 | $687,200 +2.7% |
| 2013 | -- | $669,300 |
| 2012 | -- | $669,300 |
| 2011 | -- | $669,300 |
| 2010 | -- | $669,300 |
| 2009 | -- | $669,300 +2.7% |
| 2008 | -- | $651,900 |
| 2007 | -- | $651,900 +22.1% |
| 2005 | -- | $533,900 +10.6% |
| 2004 | -- | $482,700 +14.9% |
| 2003 | -- | $420,000 +1.2% |
| 2002 | -- | $415,000 |
| 2001 | -- | $415,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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.
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Climate risks
Neighborhood: Greater Deyerle
Nearby schools
GreatSchools rating
- 7/10Grandin Court Elementary SchoolGrades: PK-5Distance: 1.8 mi
- 4/10Woodrow Wilson Middle SchoolGrades: 6-8Distance: 2.4 mi
- 3/10Patrick Henry High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Grandin Court
- Middle: Woodrow Wilson
- 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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Virginia
- Roanoke City
- Roanoke
- 24018
- Greater Deyerle
- 4622 Grandin Rd SW
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