www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
26706353
26706363

1702 Elbert Drive, Roanoke, VA 24018

JF
VA 0225077081
Investors Real Estate Partners
SZ
VA 0225245213
Investors Real Estate Partners
Listed by Investors Real Estate Partners
$399,000
280 days on market
Updated 17 days ago

Southwest Roanoke County Duplex

Details
APN 076.05-02-25.00-0000
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Square Footage 3,168
Net Rentable (SqFt) 3,168
Units 2
Cap Rate 7.04%
NOI $28,098
Pro-Forma Cap Rate 7.04%
Pro-Forma NOI $28,098
Price per SqFt $126
Broker Co-Op Yes
Class B
Year Built 1970
Buildings 1
Stories 2
Acreage 1.000
Zoning R-2 Residential
Investment Type Stabilized
Ownership Grandin Holding LLC

Turnkey Duplex Investment in Southwest Roanoke County

Marketing description

Located in highly desirable Southwest Roanoke County, 1702–1704 Elbert Drive presents a rare opportunity to acquire a well-maintained brick and vinyl duplex in a supply-constrained rental market. Each townhouse-style unit offers three bedrooms and two and a half baths with modern layouts, open living areas, and updated kitchens—features that consistently attract long-term tenants seeking quality housing.

The property includes separate electric service for each unit, central HVAC, updated fixtures, and only water/sewer covered by ownership. Recent structural renovations mean both units are move-in ready and can be leased immediately at market rates. Both units will soon begin to be marketed at $1800 per side. With private decks, mountain views, and a backyard bordering an apple orchard, the property offers unique curb appeal that supports long term tenancy.

Situated on a quiet cul-de-sac in one of Roanoke’s strongest rental corridors, this duplex benefits from proximity to major employers, schools, shopping, and outdoor amenities—driving consistent demand and stable rent growth. Investors can expect low-maintenance ownership, immediate leasing potential, and long-term appreciation in a high-barrier-to-entry submarket.

Investment highlights

  1. Attractive Duplex Asset – Two spacious 3BR/2.5BA townhouse-style units in desirable SW Roanoke County.

  2. Turnkey Condition – Recent structural renovations; both units currently vacant and ready for immediate leasing at market rents.

  3. Strong Tenant Appeal – Open floor plans, updated kitchens, central HVAC, private decks, mountain views, and a unique apple orchard backdrop.

  4. Efficient Operations – Separate electric and gas meters; owner only pays water/sewer. Low-maintenance brick/vinyl exterior.

  5. Stable Rental Corridor – High demand submarket with proximity to employers, schools, shopping, and recreation.

  6. Reduced Turnover Risk – Scenic location and modern features drive tenant retention and long-term occupancy.

  7. Value-Add Opportunity – Option to set new rental rates, improve cash flow, and benefit from long-term appreciation.

Listing Contacts

JF
VA 0225077081
Investors Real Estate Partners
SZ
VA 0225245213
Investors Real Estate Partners
Listed by Investors Real Estate Partners

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$28,098.00
$2,341.50/mo

Valuation Metrics

0
DSCR
7.04%
Cap Rate
7.04%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Jason Fountain
License
0225077081
Brokerage
VRC Properties
Title
Principal Broker
Brokerage Address
3800 Electric Road
Name
Steve Zegarski
License
0225245213
Brokerage
Virginia Residential & Commercial Properties
Title
Broker
Brokerage Address
3800 Electric Road Southwest
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591