Prime mixed-use investment opportunity located in the heart of Richmond, Virginia. Totaling 3,968 square feet, the property features a fully operational laundromat on the ground floor, providing stable commercial income. Upstairs, two beautifully finished Class A apartments offer modern, high-end living. One unit is a spacious two-bedroom, two-bath layout, while the other is a generous one-bedroom, one-bath unit. Projected NOI for 2026 is $70,000.
In addition to the existing improvements, the property includes a buildable lot, presenting a unique development opportunity for additional residential units or a mixed-use concept. The property is in a Virginia Enterprise Zone, HUBZone and Richmond CARE Zone Ideally situated in Richmond’s Northside, the property is surrounded by a wave of revitalization, including new multifamily developments, restaurants, and small businesses, all contributing to the area’s continued growth and appeal. With close proximity to downtown Richmond, Virginia Union University, and easy access to I-64 and I-95, this offering is a rare chance to invest in one of the city’s fastest-improving corridors.
| Listing Id: | 2626778 |
|---|---|
| List Price: | $925,000 |
| Property Type: | Commercial Sale |
| Status: | Active |
| Living Area: | 3,968 |
| Lot Size Acres: | 0.16 |
| Architectural Style: | GardenHome |
| Waterfront?: | No |
| City: | Richmond |
| Postal Code: | 23222 |
| Year Built: | 1916 |
| Basement Yn: | No |
| Building Area Total: | 3,968.0 |
| Building Features: | NoElevators |
| Construction Materials: | Brick |
| Cooling: | CentralAir |
| Cooling?: | Yes |
| Levels: | Two |
| Listing Agreement: | ExclusiveRightToSell |
| Lot Features: | Level |
| Lot Size Area: | 0.16 |
| Lot Size Units: | Acres |
| MLS Area Major: | 30 - Richmond |
| Original List Price: | $925,000 |
| Ownership: | Investment, Owner-User |
| Parcel Number: | N000-0406-018 |
| Possession: | CloseOfEscrow |
| Possible Use: | Retail |
| Postal Code Plus4: | 4914 |
| Property Condition: | GoodCondition |
| Road Frontage Type: | CityStreet |
| Roof: | Flat |
| Sewer: | PublicSewer |
| State Or Province: | VA |
| Stories: | 2 |
| Stories Total: | 2 |
| Topography: | Level |
| Water Source: | Public |
| County Or Parish: | Richmond City |
| Country Subdivision: | 51760 |
| Record Signature: | 638,961,906 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:51760:N000-0406-018 |
Listing Courtesy of: One South Commercial LLC
(804) 833-7909
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All or a portion of the multiple Listing information is provided by the Central Virginia Regional MLS, from a copyrighted compilation of Listings. All Central Virginia Regional MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2026 Central Virginia Regional MLS. All rights reserved.
Central Virginia Regional MLS data last updated on October 08, 2026 06:06 PM - ET
Property Last Updated: October 08, 2026 06:06 PM - ET
