Well-located multifamily investment opportunity in Roanoke's desirable Raleigh Court/Grandin Village area. This classic brick,1930s property offers strong neighborhood appeal, convenient access to restaurants, shopping, parks, schools, public transportation, and major employment centers. Positioned along Grandin Road SW, the asset has proven durable rental demand. Ideal for investors seeking a long-term hold or value-add opportunity through continued professional management and potential unit improvements. Additional potential income from garage leases (8 units) and laundry income. See rent roll for details. Property is made up of 8 2BR's and 4 1BR's. On site parking in back.
For sale
Price cut: $104K (9/10)
$1,395,000
1712 Grandin Rd SW, Roanoke, VA 24015
3beds
0baths
--sqft
Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Classic brick
- 73 days
- 547
- 26
Zillow last checked:
Listing updated:
Listed by:
JASON NOEL FOUNTAIN 540-444-4737,
INVESTORS REAL ESTATE PARTNERS LLC 540-444-4737,
STEVEN JUDE ZEGARSKI 540-309-6738,
INVESTORS REAL ESTATE PARTNERS LLC
Source: RVAR,MLS#: 929215
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 0
Heating
- Heat Pump Electric
Cooling
- Central Air
Features
- Basement: Partial
Property
Parking
- Total spaces: 87176.48
- Parking features: Carport
- Carport spaces: 44191.52
- Covered spaces: 87176.48
Lot
- Size: 0.58 Acres
Details
- Parcel number: 1440702
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Grandin Court
HOA
- Has HOA: No
Location
- Region: Roanoke
Financial & listing details
- Tax assessed value: $942,200
- Annual tax amount: $11,500
- Date on market: 7/7/2026
- Cumulative days on market: 76 days
Estimated market value
Not available
Estimated sales range
Not available
$1,551/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2026 | Price change | $1,395,000-6.9% |
Source:  RVAR #929215 Report a problem | ||
| 7/7/2026 | Listed for sale | $1,499,000 |
Source: RVAR #929215 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,495 +9.5% | $942,200 +9.5% |
| 2024 | $10,499 +14.5% | $860,600 +14.5% |
| 2023 | $9,167 +14.3% | $751,400 +14.3% |
| 2022 | $8,019 +10.6% | $657,300 +10.6% |
| 2021 | $7,250 -1.9% | $594,300 |
| 2020 | $7,387 +5.1% | $594,300 +3.1% |
| 2019 | $7,031 -0.8% | $576,300 +4.4% |
| 2018 | $7,088 +6.6% | $551,800 +7% |
| 2017 | $6,647 +2.5% | $515,600 +2.6% |
| 2016 | $6,486 +22.1% | $502,400 +3.5% |
| 2015 | $5,310 | $485,500 +3.5% |
| 2014 | $5,310 | $469,200 +5.2% |
| 2013 | -- | $446,200 |
| 2012 | -- | $446,200 |
| 2011 | -- | $446,200 |
| 2010 | -- | $446,200 |
| 2009 | -- | $446,200 +2.6% |
| 2008 | -- | $435,000 |
| 2007 | -- | $435,000 +18.6% |
| 2005 | -- | $366,900 +19.3% |
| 2004 | -- | $307,500 +14.7% |
| 2003 | -- | $268,000 +3.9% |
| 2002 | -- | $258,000 |
| 2001 | -- | $258,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Raleigh Court
Nearby schools
Schools provided by the listing agent
- Elementary: Wasena
- 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.
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