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. Contact Briggs Cooper & Clay Taylor with Cushman and Wakefield Thalhimer (540) 676-2610 for more information.

Details

General Property Description

Multi-Family Type: Apartments

Construction Status: Completed

Total Acreage: 0.1

Present Use: Built-As

# Furnished: 0

# Unfurnished: 7

# Leased Units: 7

Gross Bldg SQFT: 5048

Basement Y/N: Yes

Water Class: N/A

Parking Description: Private (1 - 9)

Gross Income: 82444.42

Year Built: 1900

Number of Units: 7

Operating Expense: 26250.02

Net Operating Income: 56194.4

Location, Tax & Legal

Major Area: 01 - City of Roanoke

Phase: 0

Lot: 6

Block: 3

Tax ID: 102-1708

Annual Taxes: 6865.24

Section: SW

POA Y/N: No

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

Remarks & Misc

Public Remarks: 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. Contact Briggs Cooper & Clay Taylor with Cushman and Wakefield Thalhimer (540) 676-2610 for more information.

Directions: N on Franklin rd and R onto Highland dr, 2 blocks and 111 Highland will be on the L

Construction

Vinyl: 1

Wood: 1

Basement

Other - See Remarks: 1

Heating

Forced Air Gas: 1

Cooling

Heat Pump Electric: 1

Water Description

Public: 1

Sewer Description

Public Sewer: 1

Owner Expenses

Lawn Care: 1

Sewer: 1

Water: 1

Tenant Expenses

Electricity: 1

Gas: 1

Contract Information

Current Price: $725,000

List Price: $725,000

List Date: 2026-10-14

Status: Active

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 - 15 - 2026

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