$450,000

1112 Chapman AVE SW
Roanoke, VA 24016
MLS# 931860

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Property Description
Fully leased four-unit masonry building on Chapman Ave SW in Roanoke. Each unit has 2 bedrooms and 1 bathroom and rents for $1,200 per month, for $4,800 in monthly gross rent ($57,600 a year). All four units hold City of Roanoke Rental Certificates of Compliance valid through June 2029. 100% Occupied. Secondary owner financing may be available to qualified buyers. The property can be bought on its own or as part of a portfolio with other properties. See MLS #931861

Details

Maps

General Property Description

Multi-Family Type: Quad

Construction Status: Completed

Year Built: 1915

Number of Units: 4

# Unfurnished: 4

# Leased Units: 4

Gross Bldg SQFT: 4368

Total Acreage: 0.14

Basement Y/N: No

Parking Description: On Street

Operating Expense: 17633

Net Operating Income: 37086

Gross Income: 57600

Water Class: N/A

Location, Tax & Legal

Area: 0130 - City of Roanoke - SW

Street Number: 1112

Street Name: Chapman

Street Suffix: AVE

Street Direction Sfx: SW

State/Province: VA

Zip Code: 24016

Subdivision: N/A

Municipality: City of Roanoke

Elementary School: Wasena

Middle School: James Madison

High School: Patrick Henry

Contract Information

Current Price: $450,000

List Price: $450,000

List Date: 2026-09-28

Status: Active

Property Features

Limited Service: Not Limited Service

Construction: Brick; Stucco

Heating: Baseboard Electric

Cooling: Window Unit(s)

Water Description: Public

Sewer Description: Public Sewer

Owner Expenses: Lawn Care; Management Fee; Water

Tenant Expenses: Electricity; Gas

Listing Office: INVESTORS REAL ESTATE PARTNERS LLC

Last Updated: October - 21 - 2026

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