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116 Hammett Ave, Radford, VA, 24141

3beds
3baths
1,496sqft
$244,900
$164price/sqft
$1,680/moest. monthly cost
$67,200/yrincome needed

About This Home

Investor opportunity in the heart of Radford. This 3-bedroom, 2.5-bath home is currently tenant occupied, providing immediate income potential. Situated on a spacious 0.58-acre lot, the property features a detached two-car garage. The functional layout includes well-sized living spaces and a practical floor plan appealing to long-term tenants. The large lot offers additional flexibility and future upside, while the established location provides convenient access to Radford University, VT, and local amenities. Ideal for investors seeking a stable rental property with expansion potential. Current lease in place—perfect for a turnkey addition to your portfolio.

Getting Around

48
WalkingCar-Dependent
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Schools

6/10
6/10
Radford High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1969

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Craftsman,Farm House
  • Property subType: Detached

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Microwave,Electric Range,Refrigerator,Gas Water Heater

Basement

  • Area: 0

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Features

  • Master Downstairs
  • Fireplace features: None
  • Attic: Access Only
  • Finished area below ground: 0
  • Finished area above ground: 1,496

Heating & Cooling

  • Heating features: Baseboard-Electric
  • Cooling features: None

Interior Area

  • Total structure area: 1,496
  • Total interior livable area: 1,496 sqft

Property

Details

  • Parcel number: 7117

Features

  • Levels: Two or More
  • Stories: 2
  • Patio & porch: Deck,Porch
  • Exterior features: Garden,Storage,Street Lights

Lot

  • Lot size: 0.58 Acres

Parking

  • Total spaces: 2
  • Parking features: Double Detached,Blacktop Driveway
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across Virginia Counties

Severe Storm
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,238$14,856
Home Insurance *$98$1,176
Property Taxes $142$1,704
Electricity $202$2,433
Total$1,680$20,160
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$57,600/yr
40% on housing$50,400/yr
45% on housing$44,800/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.8%
9.8%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 3.1%
3.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$164This listing

vs Other Active Listings

Avg $/sqft

ZIP 24141$147
Radford City$110

vs Homes Sold Last Month

Median $/sqft

ZIP 24141$173
Radford City$196

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-15Price change$244,900
2026-06-25Listed for sale$267,000
2020-02-15Listing removed$1,230
2019-12-05Listed for rent$1,230
2018-12-07Listing removed$159,900
2018-10-18Price change$159,900
2018-08-17Listed for sale$164,900
2017-05-26Listing removed$154,900
2017-04-06Listed for sale$154,900
2011-11-22Listing removed$159,900
2011-09-24Price change$159,900
2011-05-15Listed for sale$164,900

For Sale by Agent

AgentLaura Edmonds
BrokerageBondurant Realty Corp.

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