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803 King James St SW - Williamsburg Manor 82 Unit Apartment Building Offered at $15,316,336 CAD at a 6.47% Cap Rate Roanoke, VA 24014

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Investment Highlights

Located in South Roanoke
Diverse mix of apartments, townhomes, and single-family homes
Less than one mile to US-220 / I-581

82-unit multifamily community
Value-add potential through rent growth and lease-up

Executive Summary

Williamsburg Manor is an 82-unit apartment and townhouse community located in highly sought-after South Roanoke. The property spans approximately 11.34 acres and is comprised of twenty-five buildings arranged in a neighborhood-style setting with rolling lawns and pedestrian walkways.
The community features a diverse unit mix including apartments, townhomes, cottages, and single-family homes. Portions of the development were completed in the late 1970s with additional phases delivered in the 1990s, including brick and vinyl-sided townhomes with garages.
Williamsburg Manor is located less than one mile from US-220/I-581 with convenient access to Tanglewood Mall, the Virginia Tech Carilion Biomedical Research Center, and Downtown Roanoke, positioning the asset within one of the region’s most established residential corridors.

Williamsburg Manor OM

Property Facts

Price	$15,316,336 CAD	Apartment Style	Garden
Price Per Unit	$186,785 CAD	Lot Size	11.34 AC
Sale Type	Investment	Building Size	127,900 SF
Cap Rate	6.47%	Average Occupancy	90%
Gross Rent Multiplier	9.52	No. Stories	2
No. Units	82	Year Built	1970
Property Type	Multifamily Multifamily Apartments
Zoning	RMF

Price	$15,316,336 CAD
Price Per Unit	$186,785 CAD
Sale Type	Investment
Cap Rate	6.47%
Gross Rent Multiplier	9.52
No. Units	82
Property Type	Multifamily Multifamily Apartments
Apartment Style	Garden
Lot Size	11.34 AC
Building Size	127,900 SF
Average Occupancy	90%
No. Stories	2
Year Built	1970
Zoning	RMF

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Property Taxes

Parcel Numbers	Multiple 1290132 5500113 1290133 1290134 1290135 1290101 5500114	Improvements Assessment	$10,649,492 CAD
Land Assessment	$986,456 CAD	Total Assessment	$11,635,948 CAD