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Investment Highlights

  • Convenient downtown location
  • Roof top terrace with grilling area
  • Modern upscale finishes in unit.

Executive Summary

The Lofts at First and Kirk is a high-end, 12-unit multifamily property located in the heart of Downtown Roanoke. Located within walking distance of restaurants, shopping, and entertainment, the Lofts at First and Kirk combines modern living with unbeatable convenience. This fully leased building includes eleven 1-bedroom units and one 2-bedroom unit. Each apartment is finished with modern, upscale features, including gas fireplaces, wood plank flooring, concrete countertops, tiled kitchen backsplashes, ceramic tiled showers, and walk-in closets in select units. Property amenities include secure building access, elevator, rooftop deck with an outdoor kitchen, and a community recycling program. Garage parking is available through Park Roanoke’s residential parking program.
The Lofts at First and Kirk presents a rare opportunity to own a stabilized, turnkey asset with high-quality finishes in one of Roanoke’s most vibrant districts.
Financials available upon request. Condo Conversion Opportunity.

Property Facts

Price $3,049,162 CAD
Price Per Unit $254,097 CAD
Sale Type Investment
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.08 AC
Building Size 12,000 SF
Average Occupancy 100%
No. Stories 4
Year Built/Renovated 1920/2015
Opportunity Zone Yes
Zoning D - Downtown District

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 11 - -
2+1 1 - -
Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
1011526
Land Assessment
$182,055 CAD
Improvements Assessment
$1,897,414 CAD
Total Assessment
$2,079,469 CAD
  • Listing ID: 36371581

  • Date on Market: 2025-06-24

  • Last Updated:

  • Address: 209 1st St SW, Roanoke, VA 24011

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