Exceptional opportunity to acquire a large investment property within walking distance to Radford University. Situated on a spacious 0.40-acre corner lot, the property currently features six rental units, offering strong income potential and room for future expansion or redevelopment. With its prime location and endless possibilities, this property is ideal for investors seeking both immediate returns and long-term upside. Private showings available with advance notice to tenants. Call today for more information!
| Mls #: | 426100 |
|---|---|
| Asking Price: | $449,900 |
| Property Type: | Multi-Family |
| Type: | Other |
| Status: | Active |
| Apx Fin Sq Ft: | 5068 |
| Taxes: | $3,288 |
| # Of Acres: | 0.4 |
| City: | Radford |
| County: | Radford (city) |
| ZIP: | 24141 |
| Area: | Radford City |
| Address: | 1120 DOWNEY Street |
| Price Per Sqft: | $88.77 |
| High School: | Radford |
| School District: | Radford |
| Tax Year: | 2026 |
| Levels: | Two or More |
| Elementary School: | McHarg/Belle Heth |
| Middle School: | Dalton Inter |
| Auction?: | No |
| Is The Water On?: | Yes |
| Is The Power On?: | Yes |
| Estate?: | No |
| Units: | 6 |
| Zoning: | Residential 4 |
| Air Conditioning: | None |
| Basement: | true |
| Basement: | Crawl Space, Other - See Remarks, Outside Access, Partially Finished, Partitioned, Shower Facilities |
| Efficiency: | Bath, Ldry Facility Avail, Range/Oven, Refrigerator, Utilities Included |
| Exterior Finish: | Brick |
| Flooring: | Ceramic Tile, Hardwood, Parquet, Vinyl |
| Heating: | Gas-Natural, Radiator-Hot Water |
| Hoa: | None |
| Miscellaneous: | 1 Bedroom Units, 3 Bedroom Units, Additional Storage, Appliances Included, Common Ldry Facility, Schools (Walking) |
| Owner Expense: | All Utilities, Electric, Gas-Natural, Heating, Insurance, Lawn Care, Real Estate Taxes, Repairs&Maintenance, Sewer, Snow Removal, Water |
| Parking: | Off Street Parking, On Street Parking |
| Roofing: | Shingle |
| Sewer: | Public System |
| Style/Structure/Home: | Victorian |
| Tenant Expense: | None |
| Water: | Public Water |
| Water Heater: | Gas-Natural |
| Directions: | I-81 Exit 109. Take Tyler Road to Radford University. Take LEFT on Downey Street to property on RIGHT on corner of Downey Street and Second Avenue. |
Listing Courtesy of: Long & Foster - Blacksburg
Listing Agent: Darin Greear
540-320-5859
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New River Valley Association of REALTORS® data last updated on October 08, 2026 06:21 PM - ET.
Property Last Updated: October 08, 2026 06:21 PM - ET
