Side-by-Side Multifamily
For Sale
$1,600,000
1201 - 1217 Fairfax Street, Radford, VA 24141
MULTI_FAMILY - Radford, VA
Property Size8,263 SF
Lot Size0.75 Acres
Price / SF$193.63
Days on Market134
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
(866) 825-7169
Listed By:
Leilani Barnes · License #0225251074
(540) 808-5404
Added: Mar 28
Changed: Jun 3
Last Checked: Aug 8 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.
Investment Insights
Based on property information with market context.
This for-sale Radford portfolio features five side-by-side homes, listed as package only. The properties are under R-4 zoning and are configured as separate residential units with individual tax IDs provided for each address: 1201, 1205, 1207, 1211, and 1217 Fairfax Street. The listing includes unit mix and approximate sizes for each home, with rents cited per address.
The offering totals approximately 0.75 acres and is positioned along Fairfax Street. The remarks indicate Quick Way is across the street and Radford University is within walking distance, supporting a location that can appeal to tenant demand tied to the university area.
For investors or owners seeking a small, consolidated residential income package, this structure provides five contiguous homes sold together, with the current income reported at about $12,000 per month and “market potential” noted around $14,100 per month in the listing materials. Each home’s rent and unit configuration are documented in the remarks, which can help buyers and their advisors underwrite the portfolio as a single acquisition rather than multiple separate transactions.
The offering totals approximately 0.75 acres and is positioned along Fairfax Street. The remarks indicate Quick Way is across the street and Radford University is within walking distance, supporting a location that can appeal to tenant demand tied to the university area.
For investors or owners seeking a small, consolidated residential income package, this structure provides five contiguous homes sold together, with the current income reported at about $12,000 per month and “market potential” noted around $14,100 per month in the listing materials. Each home’s rent and unit configuration are documented in the remarks, which can help buyers and their advisors underwrite the portfolio as a single acquisition rather than multiple separate transactions.
Key Highlights
- R‑4 zoned Radford portfolio with five side‑by‑side homes on Fairfax St
- About 0.75 acres total for the package sale only
- Current income about $12,000/month; market potential around $14.1K/month
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five R-4 zoned homes with current rental income and walkability to Radford University.
Where is this apartment building 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: R‑4 zoned Radford portfolio with five side‑by‑side homes on Fairfax St; About 0.75 acres total for the package sale only; Current income about $12,000/month; market potential around $14.1K/month
