901 8th St - Apartments FOR SALE


Radford, VA 24141
$625,000 USD
540-357-2084
901 8th St, Radford, VA for Sale
$625,000 USD
Apartments - FOR SALE
1/25
null | 7.1% Cap Rate

901 8th St
Radford, VA 24141


HIGHLIGHTS

  • Fully renovated 2025 mixed-use asset in Radford, VA — turnkey, move-in ready with no near-term capex risk
  • Four separately metered income streams: two 2BR apartments, one efficiency unit, and a ground-floor retail storefront
  • Complete gut renovation: new electrical, plumbing, HVAC, roofing, siding, and windows throughout
  • Upgraded utility infrastructure — 6" sewer and 1" water service to the building

OVERVIEW

A Radford landmark, reborn. This beloved neighborhood corner store has been given a remarkable second life as a Class A mixed-use investment, restored from the studs with exceptional craftsmanship and no shortcuts. Across from Sunset Park, it offers two 2BR/1BA apartments, an efficiency and 1, 260 SF of flexible commercial space. Original hardwoods were revived while structure, layouts, plumbing, wiring, HVAC, roof, windows, doors, siding, kitchens, baths, appliances and finishes were comprehensively renewed. R-15 wall/R-60 roof spray foam, enhanced fire/sound separation, four electric meters, 1-inch water service, 6-inch sewer and 6-inch gutters reveal the investment behind the beauty. Seller's pro forma projects an annual NOI of $46, 500, making this a 7.44% Cap opportunity. Own an income-producing piece of Radford history built for durability and low-maintenance ownership. Buyer to verify all info deemed important. Call to schedule your private tour of this revived property today!

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$274 USD /SF

# OF UNITS

3

PRICE/UNIT

$208,333

CAP RATE

7.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

901 8th St. Multi-Family and Retail

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

GB

APN/PARCEL ID

14-5-SEC-12-6-7-8

ASK ABOUT THIS PROPERTY

Carmen ElliottElliott Inc.More Info
540-357-2084

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Carmen ElliottElliott Inc.More Info
540-357-2084

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.