A black hole has stable orbits around it in the same way all other objects have them. Even better: sun is a bit oblate due to its rotation, which has a notable influence on the perihelion precession of Mercury for example. A black hole is much smaller, so this effect gets much smaller as well.
Relativistic effects become strong very close to the black hole - for 1 solar mass, for distances below ~100 km. There are no orbits around the sun at that distance because sun is much larger, obviously. The lowest stable orbit depends on the spin of the black hole. If it is not rotating, the lowest stable orbit has a radius of about 9 kilometers. The lowest circular orbit is at about 4.5 kilometers (light can orbit here), and everything below that either falls into the black hole or escapes directly.
Note that "radius" is not a trivial concept close to a black hole.