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Five-Home Multifamily Portfolio

1201 - 1217 Fairfax Street, Radford, VA 24141

For Sale
$1,600,000

Multifamily, Radford, VA

Property Size8,263 SF
Lot Size0.75 Acres
Price / SF$193.63
Days on Market228

Property Features for 1201 - 1217 Fairfax Street

General Information

Property type Residential Multi Family
Property subtype Other
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 the intersection of Jefferson St and Tyler Rd in Radford, Take Tyler Rd to a left onto Fairfax St. Properties are on the left.
Subdivision Radford City
Standard status Active
Size 8,263 SF
Lot size 0.75 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description HETH MAP LOT PT 214 HETH MAP LOT PT 212 & 12' X 80' HETH MAP LOT 210 HETH MAP LOT 208 HETH MAP LOT PT 2
Tax Annual Amount 7154
Legal Description HETH MAP LOT PT 214 HETH MAP LOT PT 212 & 12' X 80' HETH MAP LOT 210 HETH MAP LOT 208 HETH MAP LOT PT 2

Building Details

Floors in Building 2
Number of units 5
Listing Agency: eXp Realty
Listed By: Leilani Barnes · License VA #0225251074
Added: Mar 28 Changed: Sep 5 Last Checked: Nov 10 at 6:06PM
MLS# 426757

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.

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Investment Insights

Based on property information with market context.

This multifamily package comprises five side-by-side homes on approximately 0.75 acres, with a combined property size of 8,263 square feet. The residences offer varied configurations: 1201 Fairfax Street has 5 bedrooms and 2 bathrooms across 1,834 square feet; 1205 includes 3 bedrooms, 1 bathroom, and 1,129 square feet; 1207 provides 7 bedrooms, 2 bathrooms, and 2,064 square feet; 1211 contains 6 bedrooms, 2 bathrooms, and 1,862 square feet; and 1217 offers 4 bedrooms, 2 bathrooms, and 1,374 square feet.

The properties are located on Fairfax Street in Radford, Virginia, within walking distance of Radford University. Quick Way is positioned across the street. The portfolio is zoned R-4 and is offered as a package sale only.

Key Highlights

  • Five side‑by‑side homes offered together as a package sale
  • Approximately 0.75 acres with 8,263 square feet across the portfolio
  • R‑4 zoning

Property Analytics

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Lease Details

5
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

560
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Side-by-side residential properties with varied bedroom and bathroom layouts under R-4 zoning.
Where is this multifamily property located?
The property is located at 1201 - 1217 Fairfax Street Radford, VA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Five side‑by‑side homes offered together as a package sale; Approximately 0.75 acres with 8,263 square feet across the portfolio; R‑4 zoning
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