Situated in Roanoke's sought-after Deyerle neighborhood, 4510-4512 Grandin Road SW offers investors the chance to acquire a well-maintained, townhouse-style duplex with proven rental appeal. Built in 2002, the property spans approximately 2,436 square feet on a 0.19-acre lot and features separately metered units, each with in-unit laundry, dishwashers, private balconies, and durable low-maintenance exteriors. The property has a strong rental track record, with the owner covering lawn care and water/sewer while tenants pay all other utilities. Directly next door, 4514-4516 Grandin Road SW—also available from the same owner—mirrors the layout with a two-bedroom, two-bath design that combines efficient construction with dependable tenancy. With market rents estimated at $1,693 per month. .. (Average rent of $1.39 PSF according to CoStar), this unit offers immediate cash flow and tenant appeal thanks to its newer construction and convenient location. Together, these properties create a contiguous four-unit multifamily portfolio an attractive package for both seasoned investors seeking scale and newer investors eager to step into multifamily ownership.
Great investment and income producing property. Low maintenance exterior, all utilities separately metered, and solid rental history. Each unit has two bedrooms and two baths, laundry, refrigerator, oven/stove, dishwasher, microwave, storage space and balcony. This property shall be sold together with 4514-16 Grandin Rd. , Roanoke, VA 24018.
MLSRV #408769
Sep 29, 2004
Sold
$205,000
Sep 29, 2004
Listed
$205,000
LISTED & SOLD SAME DAY. TAXES ESTIMATED. 4510, 4512 & 4514, 4516 SOLD AS PACKAGE.
MLSRV #408771
Sep 29, 2004
Sold
$205,000
Sep 29, 2004
Listed
$205,000
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Roanoke County
APN
5090186
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Oct 3, 2025.
R-12
Residential District
The purposes of the R-12 districts are to provide a range of housing options and to provide opportunities for compatible home-based entrepreneurship. Dimensional and supplemental regulations implement standards that control building form building placement and other characteristics of development. These districts cover the majority of the City's land area and contain most of Roanoke's housing supply
Permitted uses
Include but are not limited to:
Garden center
Housing
Infrastructure
Communications tower
Property details
Parking
Garage and Parking Information
# of Parking (Total): 4
# of Covered Spaces: 19,370
Interior
Multi-Unit Information
# of Units (Total): 2
Multi-Family Financial Information
Net Operating Income: $19,370
Operating Expense: $11,230
Gross Income: $30,600
Gross Scheduled Income: $30,600
Owner Pays: Water, Sewer, Lawn Care
Exterior
Building Information
Year Built: 2002
Property Information
PropertyType: MultiFamily
Property Sub Type: Duplex
Lot Information
Lot Size Area: 0.19
Lot Size Acres: 0.19
Lot Size Square Feet: 8,276.4
Lot Size Units: Acres
Zoning: -12
Financial
Tax Information
Tax Annual Amount: $3,543
Parcel Number: 509-0186
Utilities
Heating & Cooling
Has Heating
Has Cooling
Heating: Heat Pump Electric
Location
School Information
Elementary School: Grandin Court
Middle Or Junior School: Woodrow Wilson
High School: Patrick Henry
Location Information
Directions: 4510 Grandin Rd. SW
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Roanoke County
APN: 5090186
Home facts updated by county records on Oct 3, 2025
Other
Listing Information
ListingId: 921069
ListPrice: $349,000
Listing Office and Agent
Certified Commercial Investment Member / CCIM
Around this home
Schools
K - 12
Preschool & daycare
Grandin Court Elementary School
Public PreK-5 • Assigned • 1.8mi
10/10
Woodrow Wilson Middle School
Public 6-8 • Assigned • 2.3mi
2/10
Patrick Henry High School
Public 9-12 • Assigned • 2.1mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 100° expected this year, 19 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Roanoke, VA • 24018
Average low and high temperatures (°F)
43
26
50
31
68
42
75
50
75
55
87
64
89
69
81
63
80
58
68
47
61
41
48
30
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.6 hours in
June and 4.5 hours in December, placing it below the
U.S. average for solar exposure.
8.6 hrs
4.5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$335,000 – $405,000
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