Exceptional Investment Opportunity – 26-Unit Multifamily Property! Discover the potential of this all-brick multifamily complex, featuring 26 units comprised of 18 spacious 2-bedroom, 1-bath apartments and 8 efficient 1-bath studio units. Six units have been recently renovated and are rent-ready—perfect for immediate cash flow! With newer vinyl windows and a durable brick exterior, this property offers low-maintenance ownership and long-term value. Market rents are strong, with efficiency units projected at $1,000/month and 2-bedroom units at $1,200/month, giving this property significant upside potential. Current monthly rental income stands at $14,572, leaving plenty of room to increase revenue as more units are updated and leased at market rates. Don’t miss your chance to invest in a high-potential asset with solid fundamentals and room to grow. Contact us today to schedule your private tour!
| Listing Id: | 2510457 |
|---|---|
| List Price: | $2,500,000 |
| Close Price: | $2,400,000 |
| Close Date: | 2026-09-17 |
| Property Type: | Commercial Sale |
| Status: | Closed |
| Lot Size Acres: | 1.0 |
| Waterfront?: | No |
| City: | Richmond |
| Postal Code: | 23222 |
| Year Built: | 1967 |
| Basement Yn: | No |
| Building Features: | MultiTenant, NoElevators |
| Levels: | Two |
| Lot Size Area: | 1.0 |
| Lot Size Units: | Acres |
| MLS Area Major: | 30 - Richmond |
| Original List Price: | $2,500,000 |
| Ownership: | Investment |
| Parcel Number: | N000-0898-030 |
| Pending Timestamp: | 2025-12-19 |
| Possession: | CloseOfEscrow |
| Possible Use: | MultiFamily |
| State Or Province: | VA |
| Stories: | 2 |
| Stories Total: | 2 |
| Year Built Details: | Actual |
| County Or Parish: | Richmond City |
| Country Subdivision: | 51760 |
| Record Signature: | 1,613,899,602 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:51760:N000-0898-030 |
Listing Courtesy of: River City Elite Properties - Real Broker
(804) 651-4710
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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
