R-4 Zoned Five-Home
1201-1217 Fairfax St Acc Radford, VA 24141
For Sale
$1,999,999
Five side-by-side homes under R-4 zoning currently generating about $12K/month near Radford University.
Property Size1,374 SF
Lot Size0.75 Acres
Price / SF$1,455
Days on Market121
Property Features for 1201-1217 Fairfax St Acc
General Information
- Standard status
- Active
- Size
- 1,374 SF
- Lot size
- 0.75 Acres
- Property subtype
- MultiFamily / Other - See Remarks
Building Details
- Year Built
- 1923
Listing Agency:
EXP REALTY LLC - STAFFORD
(540) 419-3795
Listed By:
RILEY HALL · License #0225254275
(540) 419-3795
Source:
Compass
Added: Mar 26
Changed: Jul 23
Last Checked: Jul 23 at 6:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP REALTY LLC - STAFFORD
Investment Insights
Based on property information with market context.
This rare Radford R-4 zoned portfolio offers five side-by-side homes along Fairfax St, producing approximately $12,000 per month with stated market potential around $14,100 per month. The package includes 1201, 1205, 1207, 1211, and 1217 Fairfax St and totals approximately 0.75 acres, available as a package sale only.
Unit details include 1201 (5/2, 1,834 sf), 1205 (3/1, 1,129 sf), 1207 (7/2, 2,064 sf), 1211 (6/2, 1,862 sf), and 1217 (4/2, 1,374 sf). Rents listed are $2,250 for 1201, $1,350 for 1205, $3,500 for 1207, $3,000 for 1211, and $1,800 for 1217. The offering is described as walkable to Radford University, with Quick Way across the street.
The five-home configuration provides a cohesive, immediately income-producing residential income setup under R-4 zoning, with the seller indicating strong rental history and upside potential consistent with current and projected rents.
Unit details include 1201 (5/2, 1,834 sf), 1205 (3/1, 1,129 sf), 1207 (7/2, 2,064 sf), 1211 (6/2, 1,862 sf), and 1217 (4/2, 1,374 sf). Rents listed are $2,250 for 1201, $1,350 for 1205, $3,500 for 1207, $3,000 for 1211, and $1,800 for 1217. The offering is described as walkable to Radford University, with Quick Way across the street.
The five-home configuration provides a cohesive, immediately income-producing residential income setup under R-4 zoning, with the seller indicating strong rental history and upside potential consistent with current and projected rents.
Key Highlights
- Five side‑by‑side homes on Fairfax St under R‑4 zoning, currently producing about $12K/month
- Approx. 0.75 acres for the package sale only
- 1201: Tax ID 6‑8‑214B; 5 bed/2 bath; 1,834 SF; $2,250/month
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five side-by-side homes under R-4 zoning currently generating about $12K/month near Radford University.
Where is this apartment building located?
The property is located at 1201-1217 Fairfax St Acc Radford, VA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Five side‑by‑side homes on Fairfax St under R‑4 zoning, currently producing about $12K/month; Approx. 0.75 acres for the package sale only; 1201: Tax ID 6‑8‑214B; 5 bed/2 bath; 1,834 SF; $2,250/month
