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!
For sale
Price cut: $40K (7/1)
$449,900
1120 Downey St, Radford, VA 24141
--beds
--baths
5,068sqft
Other
Built in ----
-- sqft lot
$-- Zestimate®
$89/sqft
$-- HOA
What's special
- 242 days
- 333
- 11
Zillow last checked:
Listing updated:
Listed by:
Darin Greear 540-320-5859,
Long & Foster - Blacksburg 540-552-1010
Source: New River Valley AOR,MLS#: 426100
Facts & features
Interior
Heating
- Natural Gas, Hot Water
Cooling
- None
Appliances
- Included: Range/Oven, Refrigerator, Gas Water Heater, Appliances Included
- Laundry: Ldry Facility Avail, Common Area
Features
- Bath
- Flooring: Ceramic Tile, Hardwood, Parquet, Vinyl
- Basement: Crawl Space,Other - See Remarks,Exterior Entry,Partially Finished,Partitioned,Shower Facilities
Interior area
- Total structure area: 5,068
- Total interior livable area: 5,068 sqft
Property
Parking
- Parking features: Off Street, On Street
- Has uncovered spaces: Yes
Features
- Levels: Two or More
- Stories: 2
Lot
- Size: 0.4 Acres
Details
- Parcel number: 010000972
- Zoning description: Residential 4
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subtype: Other
Materials
- Brick
- Roof: Shingle
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Additional Storage, Schools (Walking)
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Radford
Financial & listing details
- Price per square foot: $89/sqft
- Tax assessed value: $391,400
- Annual tax amount: $3,287
- Date on market: 1/5/2026
- Cumulative days on market: 243 days
- Tenant pays: None
Estimated market value
Not available
Estimated sales range
Not available
$913/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Price change | $449,900-8.2%$89/sqft |
Source:  New River Valley AOR #426100 Report a problem | ||
| 1/5/2026 | Listed for sale | $489,900$97/sqft |
Source: New River Valley AOR #426100 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,209 +18.8% | $391,400 |
| 2024 | $2,701 +18.5% | $391,400 +44.3% |
| 2023 | $2,278 | $271,200 |
| 2022 | $2,278 | $271,200 |
| 2021 | $2,278 +7.7% | $271,200 |
| 2020 | $2,115 -1.2% | $271,200 +3.8% |
| 2019 | $2,142 +7.9% | $261,200 |
| 2018 | $1,985 | $261,200 |
| 2017 | $1,985 | $261,200 |
| 2016 | $1,985 +4.2% | -- |
| 2014 | $1,905 | -- |
| 2013 | $1,905 | -- |
| 2012 | $1,905 -1.9% | -- |
| 2011 | $1,943 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 24141
Nearby schools
Schools provided by the listing agent
- Elementary: McHarg/Belle Heth
- Middle: Dalton Inter
- High: Radford
- District: Radford
Source: New River Valley AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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