Condo Investment Properties for Sale in Roanoke, VA
16- 1 Bed
- 1 Bath
- 772 sft
378- 1 Bed
- 1 Bath
- 772 sft
335- 3 Bed
- 2 Bath
- 1252 sft
524- 2 Bed
- 2 Bath
- 1178 sft
Why Invest in Roanoke, Virginia?
Roanoke, VA offers strong investment potential in condos, with steady appreciation and reliable rental demand. The local market shows 3-7% annual home price growth, supporting solid cap rates around 6-8%.[1][2][3] Renter-occupied housing remains high at 40%, driven by economic stability and affordability. Average rents support positive cash flow, while low vacancy enhances long-term returns. Investors benefit from a balanced seller's market with median sale-to-list ratios near 1.000.
Frequently Asked Questions
Condos in Roanoke offer affordability with median prices under $275k and strong rental yields around 6%. High renter occupancy and appreciation make them ideal for cash flow. The market's balance supports predictable returns without bidding wars.
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