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Radford Triplex With Separate Meters
For Sale
$199,900

1201 4TH Street, Radford, VA 24141

MULTI_FAMILY - Radford, VA

Property Size2,104 SF
Lot Size0.20 Acres
Price / SF$95.01
Days on Market96

Property Features for 1201 4TH Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Elementary school McHarg/Belle Heth
Middle school Dalton Inter
High school Radford
Elementary school district Radford
Middle school district Radford
High school district Radford
Directions From Main Street, turn onto Boling Street. From Boling, turn right onto 4th St. Triplex is on the corner of Boling and 4th Street; parking in front.
Subdivision Radford City
Standard status Active
Size 2,104 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PLAN C RL&I CO SEC 15 LOT PT 13; PLAN C RL&I CO SEC 15 LOT PT 14-15
Tax Annual Amount 1081
Legal Description PLAN C RL&I CO SEC 15 LOT PT 13; PLAN C RL&I CO SEC 15 LOT PT 14-15

Utilities

Heating system Forced Air, Natural Gas
Water source Public

Building Details

Floors in Building 2
Number of units 3
Flooring type Carpet, Vinyl
Roof type Shingle
Architectural style Other
Listing Agency: Bondurant Realty Corp.
Listed By: Laura Edmonds · License #248616
Added: May 5 Changed: Jul 17 Last Checked: Aug 8 at 7:06PM
MLS# 427232

Copyright © 2026 New River Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This Radford triplex offers a total of three rental units arranged with two units on the main level and one unit on the second floor. The main level includes a one-bedroom apartment and an efficiency unit, each with its own kitchen and full bath. The second-floor unit is a two-bedroom layout with a living and dining area, full kitchen, and notably large bedrooms and closet space.

Each unit is separately metered for gas and electricity, which supports straightforward utility management. Recent improvements include a new roof installed in February 2023 and a new sewer line completed in January 2024.

The second-floor two-bedroom unit has been recently updated with fresh paint and new carpet and is described as move-in ready for a new tenant. Photos do not include the one-bedroom unit.

Key Highlights

  • Radford triplex with 3 separate units: 1BD + efficiency on the main level, plus a 2BD unit on the second floor
  • Each unit has its own kitchen and full bath; the upper 2BD unit includes large bedrooms, living and dining area, and a full kitchen
  • All units are separately metered for gas and electricity for tenant accountability and easier management

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Electrical Service Kitchen & Bath Showroom HVAC Service Pharmacy Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

433
Businesses Nearby

Demographics for 24141, VA

20,308
Population
10,043
Households
2
Avg Household Size
34
Median Age
41%
College-Educated
94%
High-School Grad
65.6 sq mi
ZIP Area
310
Density / Sq Mi
$60,503
Median Household Income
$31,330
Median Earnings
$999
Median Rent
$230,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex includes two units on the main level and a two-bedroom unit upstairs, with separate gas and electric metering.
Where is this triplex located?
The property is located at 1201 4TH Street Radford, VA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Radford triplex with 3 separate units: 1BD + efficiency on the main level, plus a 2BD unit on the second floor; Each unit has its own kitchen and full bath; the upper 2BD unit includes large bedrooms, living and dining area, and a full kitchen; All units are separately metered for gas and electricity for tenant accountability and easier management
More about this property
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