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Darby Villa Apartments 6154 Darby Rd 36 Unit Apartment Building $6,111,000 CAD ($169,750 CAD/Unit) Roanoke, VA 24012
Investment Highlights
- 36 apartment homes across two buildings
- Located within close proximity to the region’s major employers, cultural amenities, and entertainment destinations
Executive Summary
Presented exclusively for sale by Poe & Cronk Real Estate Group, 6139 and 6154 Darby Road offer an opportunity to acquire a well-positioned, value-add multifamily asset in a rental market that continues to show steady growth.
The portfolio consists of 36 apartment homes across two buildings. 6139 Darby Road includes twelve 1-bedroom, 1-bath units. 6154 Darby Road includes twenty-three 2-bedroom, 1-bath units and one additional 1-bedroom, 1-bath unit, providing a unit mix that appeals to a broad tenant base.
The properties are well maintained and currently produce dependable in-place cash flow, while still offering near-term upside. Current rents are approximately 12% below market, giving a new owner the ability to increase revenue through rent growth as units turn and leases renew.
Located within close proximity to the region’s major employers, cultural amenities, and entertainment destinations, 6139 and 6154 Darby Road will benefit from continued rental demand. With stable operations, below-market rents, and a strong location, this offering represents a straightforward multifamily investment with both income in place and room to grow.
The portfolio consists of 36 apartment homes across two buildings. 6139 Darby Road includes twelve 1-bedroom, 1-bath units. 6154 Darby Road includes twenty-three 2-bedroom, 1-bath units and one additional 1-bedroom, 1-bath unit, providing a unit mix that appeals to a broad tenant base.
The properties are well maintained and currently produce dependable in-place cash flow, while still offering near-term upside. Current rents are approximately 12% below market, giving a new owner the ability to increase revenue through rent growth as units turn and leases renew.
Located within close proximity to the region’s major employers, cultural amenities, and entertainment destinations, 6139 and 6154 Darby Road will benefit from continued rental demand. With stable operations, below-market rents, and a strong location, this offering represents a straightforward multifamily investment with both income in place and room to grow.
Property Facts
| Price | $6,111,000 CAD | Building Class | C |
| Price Per Unit | $169,750 CAD | Lot Size | 2.08 AC |
| Sale Type | Investment | Building Size | 23,532 SF |
| No. Units | 36 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1971 |
| Apartment Style | Hi-Rise | ||
| Zoning | R3 - Located off N Williamson Rd in Roanoke County | ||
| Price | $6,111,000 CAD |
| Price Per Unit | $169,750 CAD |
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | C |
| Lot Size | 2.08 AC |
| Building Size | 23,532 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1971 |
| Zoning | R3 - Located off N Williamson Rd in Roanoke County |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 038.06-06-11 | Improvements Assessment | $994,735 CAD |
| Land Assessment | $101,850 CAD | Total Assessment | $1,096,585 CAD |
Property Taxes
Parcel Number
038.06-06-11
Land Assessment
$101,850 CAD
Improvements Assessment
$994,735 CAD
Total Assessment
$1,096,585 CAD
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Darby Villa Apartments | 6154 Darby Rd
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