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
$1,795,000
4622 Grandin Rd SW, Roanoke, VA 24018
--beds
--baths
12,192sqft
Est.:
Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$147/sqft
$-- HOA
What's special
Private poolLandscaped surroundingsManicured groundsAmple off-street parkingAll-brick colonial architecturePeaceful park-like settingSpacious two-bedroom apartments
- 139 days |
- 281 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: March 11, 2026 at 09:54am
Listed by:
JASON NOEL FOUNTAIN 540-354-6456,
VRC PROPERTIES LLC,
STEVE ZEGARSKI 540-309-6738
Source: RVAR,MLS#: 922369
Tour with a local agent
Facts & features
Interior
Heating
- Forced Air Electric
Cooling
- Has cooling: Yes
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
- Dimensions: 205x218
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: $147/sqft
- Tax assessed value: $1,205,900
- Annual tax amount: $11,899
- Date on market: 10/31/2025
- Tenant pays: Electricity
Estimated market value
Not available
Estimated sales range
Not available
$1,792/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 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
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
BuyAbility℠ payment
Est. payment
$10,280/mo
Principal & interest
$8979
Property taxes
$1301
More affordability tools
Climate risks
Neighborhood: Greater Deyerle
Nearby schools
GreatSchools rating
- 7/10Grandin Court Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 4/10Woodrow Wilson Middle SchoolGrades: 6-8Distance: 2.4 mi
- 3/10Patrick Henry High SchoolGrades: 9-12Distance: 2.3 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.
Local experts in 24018
- Virginia
- Roanoke City
- Roanoke
- 24018
- Greater Deyerle
- 4622 Grandin Rd SW
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