3203 Ellwood Avenue
Richmond, VA 23221
$915,000 - Carytown
Located in the heart of Richmond's highly sought-after Carytown neighborhood, 3203 Ellwood Avenue offers a rare opportunity to acquire a fully renovated four-unit apartment building in one of the city's strongest rental markets. Each of the four thoughtfully updated one-bedroom apartments features modern finishes while maintaining the property's classic character. The building is fully leased, with all four apartments generating $1,499 per month, providing stable, in-place cash flow from day one. New Lease for Unit A starting Aug 1 for $1549 a month. Each unit is separately metered, with tenants responsible for all utilities, helping to minimize operating expenses. Just steps from Carytown's acclaimed restaurants, local boutiques, coffee shops, and entertainment, the property offers an exceptional walkable lifestyle that continues to drive strong tenant demand. Whether you're seeking a turnkey investment or a long-term hold in one of Richmond's premier neighborhoods, 3203 Ellwood Avenue is an outstanding opportunity.
| Listing Id: | 2617418 |
|---|---|
| List Price: | $935,000 |
| Close Price: | $915,000 |
| Close Date: | 2026-08-31 |
| Property Type: | Residential Income |
| Property Sub Type: | Quadruplex |
| Status: | Closed |
| Living Area: | 2,384 |
| Tax Annual Amount: | $5,424 |
| Lot Size Acres: | 0.0487 |
| Architectural Style: | TwoStory |
| Waterfront?: | No |
| City: | Richmond |
| City Region: | Carytown |
| Postal Code: | 23221 |
| Year Built: | 1923 |
| Number Of Units Total: | 4 |
| Appliances: | TanklessWaterHeater |
| Basement: | CrawlSpace |
| Basement Yn: | No |
| Construction Materials: | Brick, Drywall, Plaster |
| Elementary School: | Lois-Harrison Jones |
| Fencing: | None |
| Gross Income: | $71,952 |
| High School: | Thomas Jefferson |
| Levels: | Two |
| Listing Agreement: | ExclusiveRightToSell |
| Lot Size Area: | 0.0487 |
| Lot Size Units: | Acres |
| Middle Or Junior School: | Albert Hill |
| MLS Area Major: | 10 - Richmond |
| Original List Price: | $935,000 |
| Ownership: | Individuals |
| Ownership Type: | SoleProprietor |
| Parcel Number: | W000-1454-012 |
| Parking Features: | NoGarage, OnStreet |
| Patio And Porch Features: | Balcony |
| Pending Timestamp: | 2026-07-31 |
| Postal Code Plus4: | 2933 |
| Roof: | BuiltUp |
| Sewer: | PublicSewer |
| State Or Province: | VA |
| Stories: | 2 |
| Stories Total: | 2 |
| Tax Assessed Value: | $452,000 |
| Tax Year: | 2025 |
| Water Source: | Public |
| Year Built Details: | Approximate |
| Zoning Description: | R-48 |
| Property Sub Type Additional: | Quadruplex |
| County Or Parish: | Richmond City |
| Water Heater: | Tankless |
| Country Subdivision: | 51760 |
| Record Signature: | -855,164,938 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:51760:W000-1454-012 |
Listing Courtesy of: One South Commercial LLC
(804) 307-4060
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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
