111 Highland AVE SW, Roanoke, VA 24016 (MLS# 932380)

$725,000

111 Highland AVE SW
Roanoke, VA 24016
MLS# 932380

1 / 10

Property Description
Seven-unit built-as apartment building in Old Southwest, and currently fully leased. Six 2BR/1BA units (approx. 823 SF) and one 3BR/1BA unit (approx. 1,203 SF). Each unit has its own heat pump, and gas water heater, plus an in-unit washer/dryer, refrigerator, range, and dishwasher. Tenants pay for their own electric and gas. Covered porches on all three levels and private parking. A short walk downtown and minutes from Carilion Roanoke Memorial Hospital.

Details

Contract Information

Current Price: $725,000

List Price: $725,000

List Date: 2026-10-14

Status: Active

General Property Description

Multi-Family Type: Apartments

Construction Status: Completed

Year Built: 1900

Present Use: Built-As

Number of Units: 7

# Unfurnished: 7

# Leased Units: 7

Gross Bldg SQFT: 5048

Total Acreage: 0.1

Basement Y/N: Yes

Parking Description: Private (1 - 9)

Operating Expense: 26250.02

Net Operating Income: 56194.4

Gross Income: 82444.42

Water Class: N/A

Location Legal Taxes

Area: 0130 - City of Roanoke - SW

Street Number: 111

Street Name: Highland

Street Suffix: AVE

Street Direction Sfx: SW

State/Province: VA

Zip Code: 24016

Subdivision: N/A

Municipality: City of Roanoke

Elementary School: Highland Park

Middle School: James Madison

High School: William Fleming

Property Features

Construction: Vinyl; Wood

Basement: Other - See Remarks

Heating: Forced Air Gas

Cooling: Heat Pump Electric

Water Description: Public

Sewer Description: Public Sewer

Owner Expenses: Lawn Care; Water

Tenant Expenses: Electricity; Gas

Listing Office: MKB, REALTORS®

Last Updated: October - 20 - 2026

All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.