Courtesy: Joyner Fine Properties
Jim Dunn
804-864-0323
4-Unit Multifamily Gem, located in The Historic Fan District, Richmond’s most resilient rental market. Positioned in an ultra-walkable pocket of The Fan, tenants enjoy seamless access to the neighborhood's iconic dining, tree-lined streets, and vibrant cultural scene. This handsome brick building is an exceptional investment opportunity. It offers over 4,600 square feet of total living area, split across high-demand layouts, that attract premium tenants. Spacious 1, 2, and 3-bedroom configurations. The 1st floor unit is stunning as it was previously owner-occupied. Perfect opportunity for an investor looking for a stable portfolio addition.
Courtesy: Joyner Fine Properties
Jim Dunn
804-864-0323
Quiet side street investment opportunity in the heart of Richmond’s highly coveted and pedestrian friendly Museum District. This character-rich, four-unit quad, perfectly blends historic Tudor Revival charm with rental performance, making it a worthwhile investment to start or add-on to any real estate portfolio. The building configuration includes four separate 2-bedroom, 1-bathroom layouts (Units A, B, C, and D). Individual units include hardwood flooring, appliances, a washer/dryer, and designated outdoor porch space; three units have central air conditioning. Tenants pay All their own utilities.
Courtesy: Compass
Jenny Maraghy
804-405-7337
Hard to find DUPLEX in the Woodland Heights area. Your tenants will love this LOCATION minutes from downtown RVA, coffee shops, restaurants, parks and breweries. This fully occupied duplex offers a recently painted first floor unit with a living room, bedroom, kitchen and bath. The upper-level features 2 bedrooms, kitchen and bath. Large backyard and an ample storage shed. Shared laundry facilities are located on the first floor. 4 off street parking spaces off the alley.
Courtesy: The SSAM Agency
Sam Miliotis
804-247-1277
OPPORTUNITY IS KNOCKING! UNDER CITY TAX ASSESMENT! Hard To Find, Beautifully Renovated Duplex in Richmond! First Floor Unit is a 2 Bedroom 2 FULL Bath and Second Floor Unit is a 2 Bedroom 1 Full Bath. ALL NEW KITCHENS, BATHS, FLOORING, APPLIANCES, TOO MUCH TO LIST. TURN-KEY RENTAL! Start receiving rental income on Day 1. Separate Electrical Meters, 2 Heat Pumps! OFF STREET Parking in the rear. Large basement for storage.
Courtesy: Samson Properties
Luke Catron
804-339-8603
Duplex opportunity on Richmond’s sought-after Chimborazo Boulevard in Church Hill, combining historic character, modern updates, and excellent income potential. 704 Chimborazo features two updated apartments, including an upper-level 2-bedroom, 1-bath unit and a lower-level 1-bedroom, 1-bath unit. The first-floor apartment is especially charming showcasing beautiful stained-glass transom window, refinished hardwood floors, detailed original-style trim, a decorative fireplace and abundant natural light. The distinctive architectural details give the home a historic character. Both units feature private rear decks overlooking the fenced backyard, along with the added convenience of off-street parking. Bathrooms and Kitchens were renovated in 2020 with white cabinetry, granite countertops, and stainless steel appliances, complemented by updated bathrooms, central air in each unit and replacement windows. Whether you’re an owner-occupant looking to live in one unit while generating income from the other or an investor seeking an income-producing property with options for long-term or furnished rentals, this duplex offers tremendous versatility. Best of all is the location where you enjoy the character and energy of Church Hill with Chimborazo Park just a short walk away, along with neighborhood restaurants, bakeries, and other local favorites. Opportunities combining this much historic charm, updated living space, private outdoor areas, off-street parking and a prime Church Hill location are hard to find. Schedule your private showing today.
Courtesy: Compass
Jenny Maraghy
804-405-7337
Nestled in the heart of Richmond’s iconic Fan District, 2617 W Grace St offers a rare opportunity to own a piece of the city’s historic architectural fabric while securing a powerhouse addition to your investment portfolio. This classic brick triplex perfectly captures the neighborhood's timeless charm, featuring the high ceilings, large windows, and storied character that define this sought-after community. Each of the three units provides a distinct layout, offering incredible versatility for an owner-occupant looking to offset their mortgage or a seasoned investor aiming to capitalize on the area’s consistently high demand. The location is second to none, situated just moments from the vibrant collection of local cafes, renowned restaurants, and eclectic boutiques that make The Fan one of Richmond’s most beloved places to live. With its handsome curb appeal and prime positioning, this property is more than just a multi-unit building—it’s a long-term stake in one of the city's most enduring and vibrant districts. Opportunities to acquire a triplex of this caliber in such a central location don't come around often. Whether you’re looking to expand your footprint or start your investment journey, 2617 W Grace St is ready for its next chapter.
Courtesy: Two Dog Realty
Curt Reichstetter
804-370-1210
An income-producing duplex in the heart of Richmond’s Fan District, 312 N. Shields Avenue offers 2,772 square feet, two currently rented units, off-street parking, and flexibility for both investors and future owner-occupants. The first-floor unit features two bedrooms and one full bath, while the second-floor unit offers two bedrooms and one-and-a-half baths. Each unit has its own rear deck, providing valuable private outdoor space, and the property includes two off-street parking spaces—an important feature in this popular city neighborhood. The property has been well maintained, with work receipts and documentation available. Significant recent improvements include a new roof in 2021 and replacement of the HVAC system serving Unit 1 in 2026. Located on N. Shields Avenue in The Fan, the property is convenient to neighborhood restaurants, an elementary school, public transportation, and the shops, dining, and everyday amenities found throughout The Fan and surrounding neighborhoods. With both units currently occupied and producing rental income, this property provides several possibilities for its next owner. It can continue as an established investment property, may be an option for a buyer completing a 1031 exchange, or could eventually provide an opportunity to occupy one unit while generating rental income from the other. For an investor looking for a well-maintained multifamily property in one of Richmond’s most established neighborhoods—or a buyer interested in the flexibility that a duplex can provide—312 N. Shields Avenue deserves a closer look.
Courtesy: KW Metro Center
Chris Render
804-750-6295
**Fantastic VCU-Area Investment Opportunity — $20,000 Below Appraised Value!** Solid brick, fully leased quad offering an excellent opportunity for investors seeking a property with existing income and additional upside. Current leases are in place, allowing for immediate rental income, while minor cosmetic enhancements could help maximize the property’s future appeal and rental potential. *(See AI-generated images for examples of possible improvements.)* The property features a **large, fully fenced backyard** offering multiple possibilities, including additional off-street parking or the creation of an inviting outdoor space for future tenants. Its solid brick construction, **separately metered utilities, and individual mini-split systems for each unit** add to the property's functionality and investment appeal. The downstairs units feature updated flooring and kitchens, while the upstairs units offer private decks—perfect for enjoying a morning coffee or relaxing outdoors. Approximately **$78,000 in improvements** have been completed in recent years, including a roof that is less than five years old, updated kitchens, mini-split heating and cooling systems, downstairs flooring, and interior painting. With its **close proximity to VCU, existing leases, substantial recent improvements, and potential for additional value through cosmetic updates and outdoor enhancements**, this property is an opportunity worth exploring.
Courtesy: Samson Properties
Rhonda Carroll
804-815-0642
Fantastic investment opportunity in the heart of Richmond’s Fan/VCU area, this property offers historic character, established rental income, and an incredible location just minutes from some of the city’s best dining, shopping, entertainment, and universities. This classic brick duplex offers approximately 2,572 square feet with two spacious units, each featuring 2 bedrooms and 1 full bath. Inside, original details including beautiful wood flooring, tall ceilings, exposed brick, fireplaces, large windows, and generously sized rooms give both units the character and charm expected in this historic neighborhood. Each unit includes its own kitchen, living spaces, laundry, and separate heating and cooling. Rear deck offers outdoor space for lower unit and steps down to private parking area with 2 generously-sized parking spaces - an especially valuable feature in this location. The lower unit has seen several recent improvements, including several updated appliances and new laminate flooring added in a bedroom (previously carpet). New roof installed in 2018. Both units are currently occupied by long-term tenants, one for approximately five years and the other for over two years (both leases in place through August 31, 2027), providing immediate rental income for the new owner. Ideally situated near VCU, with close proximity to Carytown, Maymont, and the Museum District, this is a great opportunity to purchase an established income-producing property in one of Richmond’s most desirable and consistently sought-after rental locations.
Courtesy: Long & Foster REALTORS
Ronald Evans
804-467-2224
Welcome to 1523 Floyd Avenue, a charming, all brick duplex in a PREMIERE LOCATION blocks from VCU, Carytown and interstate. With a strong, consistent rental history spanning 2 decades+, this classic Fan home offers two separate entrances, one on ground level and a second upstairs unit. With an open front porch, each has 2 bedrooms, one full bath, galley kitchen with access to a private rear yard with a detached 2 car garage. There is a basement with outdoor access featuring a shared laundry area with ample storage. With soaring ceilings, classic moldings, hardwood floors and open living spaces, this is a great opportunity for investors or someone looking to live on one level and rent out the second. Both units have leases in place through May and July 2027. Enjoy the walkability of being close to campus, favorite restaurants, shopping, schools and more!
Courtesy: Rashkind Saunders & Co.
Kathryn Oti
804-467-8901
This fantastic triplex sits on one of the most picturesque blocks of Grove Avenue in the historic Fan District. Perfect for owner-occupied 1st floor with 2 income-producing units upstairs. Wonderful original details including large front porch with handsome columns, leaded glass windows, hardwood floors throughout, over 3300 square feet of living space including an attic loft space in one unit. Great rental history. Lovingly maintained building that could also be an easy conversion back to Single Family for anyone wanting a showcase historic home. Walkable neighborhood surrounded by dozens of restaurants and amenities. Just a few blocks from VCU campus, 8 minutes to MCV and downtown. 10 minutes from Carytown and near West End. Excellent rental history and highly desirable!
Courtesy: Keller Williams Realty
Michael Ryan
804-873-9333
CALLING ALL INVESTORS AND OWNER OCCUPANTS: OPPORTUNITY IS KNOCKING! Located in Richmond's Fan District and priced to sell at below the 2026 tax assessment of $408,000. Two bedroom, 1 bath units with off street parking and conveniently located near everything that's RVA. Living room & kitchen feature an open living space; units feature gas cooking & heating with central air. Other than water & sewer (paid by the owner or bill to the tenants) electric & gas utilizes are metered separately.
Courtesy: One South Commercial LLC
Justin Sledd
804-307-4060
Discover a turnkey investment opportunity in Richmond’s desirable Northside. This well-maintained duplex features a two-bedroom, one-bath first-floor residence currently leased for $1,583 per month and a three-bedroom, one-bath second-floor residence leased for $1,715 per month, generating total monthly rental income of $3,298. The first-floor unit was fully renovated in 2019, while the second-floor unit underwent a comprehensive renovation in 2023. Improvements include updated HVAC systems, white shaker cabinetry, granite countertops, stainless steel appliances, updated flooring, renovated bathrooms, modern lighting, and refreshed finishes throughout. The rear alley provides off-street parking for up to four vehicles. With strong in-place income and extensive renovations already completed, this property offers an attractive opportunity for investors or owner-occupants seeking supplemental rental income in Richmond’s Northside.
Courtesy: One South Commercial LLC
Justin Sledd
804-307-4060
This listing presents a rare opportunity to purchase a building with a commercial storefront and a residential unit at 2523 W Main St. The space is currently under a multi-year lease agreement to restaurant Cocky Rooster - expiring in March 10, 2030 (commercial tenant has one more five year option). The commercial tenant is responsible for their share of taxes, insurance, utilities and maintenance. A beautiful 2-bedroom apartment is located on the second floor. The building was constructed in 1920 and renovated extensively in 2020. Improvements include a new 5-ton HVAC unit, paint, refinished hardwood flooring, new kitchen, and new windows. This location is excellent for commercial and residential space. It is located in the heart of the Historic Fan District within walking distance to Carytown, Byrd Park, the commercial corridors of Robinson St, Main Street, and the Virginia Museum of Fine Arts. 2523 W Main St is situated in one of the most dynamic neighborhood commercial corridors in Richmond. This listing is surrounded by robust residential areas with favorable demographics to support the mixed-use building. It provides an excellent opportunity for a buyer looking for an investment opportunity in the Historic Fan District.
Courtesy: PARK 27
Chris Small
804-350-0879
Looking for a great investment or a potential future owner-occupant situation? This duplex is set in a great Museum District location. 3427 W. Franklin Street sits along one of Richmond's established residential corridors just a block off the beloved Gas Light block in the Museum District. This classic brick duplex offers two separately rented apartments with identical floor plans and a strong combination of character, practical improvements, and an excellent location. The property sits on a large lot with potential for off-street parking and/or space for a garage, and because it was purpose-built as a duplex, the layout is exceptionally functional. All utilities are separately metered for each unit, a real plus for investors and owner-occupants alike. Each apartment offers two bedrooms and one full bath with hardwood floors, well-proportioned rooms, abundant natural light. The first floor apartment has an in-unit stackable washer and dryer. The kitchens feature traditional wood cabinetry, a gas range, refrigerator, and updated flooring, while the baths include a newer vanity, tiled tub surround, and updated flooring. Additional improvements include electrical and lighting updates and refinished hardwood floors throughout. Both apartments are currently rented, providing existing rental income from the outset. Property improvements completed over time include vinyl replacement windows, a dimensional roof, deck improvements and updated deck flooring, a newer shed roof, and additional mechanical and interior updates. With its brick construction, hardwood floors, two identical and independent residences, separate utilities, and desirable West Franklin Street setting just steps from the Gas Light block, this is a well-positioned opportunity to acquire an established income-producing property in one of Richmond's most sought-after residential areas.
Courtesy: HAAS Realty Group
Susan Haas
804-349-5788
15 Unit Multi-Family Property located in one of Richmond's most exciting locations, only steps from the Richmond Convention Center, Coliseum Mixed-Use Project, Transfer Station, MCV, with interstate access and in a Federally Designated Opportunity Zone. Bliley's Garage Apartments at Richmond's City Center was built in 1930 and redeveloped in 2011 to 15 brownstone apartments consisting of(10) 1 and (5)2 bedroom units. The integrity of its design and construction earned developers the Better Housing Coalition Golden Hammer Award for the region's best and most environmentally-friendly project and the Greater Richmond Association of Commercial Real Estate's Best Multi-Family Project. Designated solar panels reduce carbon emissions and lower tenant costs. Along with the attached garage, character and charm of Bliley's Garage Apartments, structurally superior building with a blend of original, historic and modern features. Advanced energy-efficient systems, the outdoor patio, large, open spaces, tall ceilings and windows allow for an abundance of natural lighting. Custom kitchens crafted with handmade cabinets and unique finishes add to the industrial feel and integrity of one of Jackson Ward's most historically prominent properties. Enjoy stable income with opportunity to increase rentable square footage. Opportunity Zone Incentives Apply.
Courtesy: Monroe Properties
Will Hymes
804-928-2034
ocated in the heart of Manchester, 1416 Porter Street presents an outstanding investment opportunity with this well-maintained duplex featuring two spacious 2-bedroom, 2-bathroom units. One unit is already leased, providing immediate rental income, while the second is vacant and move-in ready, making it ideal for an owner-occupant looking to offset their mortgage or an investor seeking to maximize returns. Each unit offers an open-concept floor plan with soaring ceilings, hardwood flooring in the main living areas, modern kitchens with stainless steel appliances, abundant cabinetry, and spacious bedrooms. Outside, residents enjoy large covered rear porches overlooking a generously sized fenced backyard, along with ample off-street parking—a rare amenity in the city. Just minutes from downtown Richmond and within walking distance of Manchester's thriving restaurants, breweries, parks, and entertainment, this turnkey property offers the perfect blend of cash flow, flexibility, and long-term appreciation potential.
Courtesy: Long & Foster REALTORS
Bill Nelson
804-484-0023
Come live or invest in one of the highest growth areas in Richmond. This duplex has an upstairs unit and downstairs unit with separate entrances. Both levels are bright and have all the means for good living with all requisite appliances and features. The property is ready for easy living or investment.
Courtesy: One South Commercial LLC
Justin Sledd
804-307-4060
The Jewelry Building, a distinctive mixed-use investment opportunity located at 119–123 E Broad Street in the heart of Downtown Richmond’s Broad Street Arts District. Originally constructed in 1910, the historic property was comprehensively renovated in 2007 and transformed into the mixed-use asset it is today. The building has remained under the ownership of the same developer since its renovation, providing a rare opportunity to acquire a well-established property that combines residential income, long-term commercial tenancy, historic character, and dedicated off-street parking. The 22,406-square-foot building features eight spacious apartments above a 6,941-square-foot commercial space. The residential mix includes two oversized 1BD with den residences of approximately 824 square feet each and six expansive 2BD/2BA apartments of approximately 1,108 square feet each. Each residence offers the scale and functionality that distinguish the property from many downtown apartment offerings, along with modern finishes, central air conditioning, and in-unit washers and dryers.The first floor and basement are occupied by Jefferson Loan Office, a FirstCash company and the world’s largest operator of pawn stores, providing a substantial commercial income component. FirstCash stands out as one of the most financially sound, recession-resistant companies in the mid-cap specialty finance sector. The commercial premises encompass approximately 6,941 rentable square feet, with the current lease extending through 2031 and providing the tenant with two additional five-year renewal options. The lease also provides for reimbursement of the tenant’s proportionate share of real estate taxes and qualifying building operating costs. The offering also includes the adjacent 3,365-square-foot parcel at 216 N 2nd Street, positioned directly behind the main building and improved with eight off-street parking spaces.
Courtesy: Fathom Realty Virginia
Jeff Hood
804-402-4458
Always rented quickly and easily since 2010, this well-maintained duplex with two one-bedroom units is becoming available for the first time in 16 years. Spacious rooms, fireplaces and Fan charm are abundant in this centrally located home. The electrical system was upgraded in 2010, and a new TPO roof thereafter. Ample off-street parking opens into a great fenced in backyard with fig trees and flowering shrubs. Great attic storage and a nice basement. Located close to shops, restaurants, parks, and museums, this classic Fan house is a great addition to any rental portfolio or first-time investor. This house could also easily be converted to a single-family home.
Courtesy: Hometown Realty
Matt Jarreau
804-306-9019
Enjoy this unique opportunity to own a duplex in the heart of Church Hill, just a few hundred feet from some of the best restaurants, shops, and parks that the neighborhood has to offer. With so much within a short walk of your front door, this property is perfect for an owner occupant who wants to have a built in In Law Suite or rental unit to help with the mortgage. The main unit features 2 bedrooms, 1.5 baths, and 1,473 SF, while the basement unit offers 1 bedroom, 1 bath, and 744 SF. Step onto the full, covered front porch overlooking the tree-lined street and into a spacious foyer featuring the original heart pine floors and 10' ceilings. The foyer flows seamlessly into the living room, kitchen and walks out onto the screened in porch. The generously sized living room features 10' ceilings, floor-to-ceiling windows, a fireplace with mantle, and an open connection to the kitchen. The spacious kitchen offers white shaker-style cabinets, granite countertops, stainless steel appliances, and a convenient eat-in area, along with a nicely sized half bath just off the rear and plenty of additional storage. Upstairs, the larger second floor features two well-sized bedrooms with overhead lighting, good closet space, and beautiful heart pine floors. The recently renovated hall bath features tile floors and a tub/shower with a tiled surround. Laundry is conveniently located off the second-floor hallway and includes a stackable washer and dryer. The basement unit offers its own covered front porch and opens into a bright, updated apartment featuring new flooring and fresh paint. The spacious bedroom includes a large closet and overhead lighting, while the bathroom features a walk-in shower and tile floors. The kitchen offers granite countertops, white shaker-style cabinets, and stainless-steel appliances, with access to a covered rear porch overlooking the fenced-in backyard. Laundry is conveniently located off the kitchen and includes a stackable washer and dryer. Come see this fantastic property for yourself!
Courtesy: One South Commercial LLC
Ann Schweitzer
434-981-3146
This fully leased eight-unit single-family rental portfolio presents a compelling opportunity to acquire immediate cash flow with additional long-term upside across the Richmond metropolitan area. The properties are strategically distributed throughout the City of Richmond’s Northside and Southside neighborhoods, as well as Chesterfield County, providing geographic diversification within a single investment. The homes have been well maintained and are 100% occupied, generating $17,790 in gross monthly rent, or approximately $2,224 per door per month. With a total portfolio offering allocation of $2,075,000, the portfolio averages approximately $259,375 per home, providing an attractive basis for a stabilized collection of individually marketable single-family assets. Beyond the portfolio’s strong in-place cash flow, several properties offer meaningful additional value through their oversized lots and potential for future development. 3100 Groveland, 3110 Woodcliff, and 417 Patrick each feature double or potentially subdividable lots, creating opportunities for future infill development, additional home sites, or disposition of excess land, subject to applicable zoning and approvals. 417 Patrick offers particularly notable upside, with the potential to subdivide into as many as three lots. The combination of stabilized rental income, an average monthly rent exceeding $2,200 per door, an attractive per-unit basis, and embedded development potential creates a unique opportunity to capture both dependable current returns and additional long-term value.
Courtesy: Hardesty Homes
Amanda Hardesty
804-651-2157
Rare value-add opportunity to acquire a fully renovated 7-unit multifamily building strategically positioned on the high-visibility Hull Street commercial corridor. This B-3 zoned property, totaling approximately 3,218 SF, features six studio apartments with full kitchens and private bathrooms, plus one additional guest suite, all updated in 2020. With a stabilized gross potential income of approximately $98,856 annually, investors can realize immediate upside by leasing the three current vacancies at market rates. The offering is uniquely enhanced by the inclusion of the adjacent lot at 2861 Hull St, providing significant potential for future subdivision or ground-up development. Currently operated with landlord-paid utilities, there is a clear path to further increasing Net Operating Income through the implementation of sub-metering or a RUBS billing program, making this a premier multifaceted asset in a rapidly growing Richmond corridor.
Courtesy: Hardesty Homes
Amanda Hardesty
804-651-2157
Welcome to 2859 Hull Street, a versatile multi-family asset strategically positioned in the sought-after Burfoot Addition. Located along the revitalizing Hull Street Corridor and just moments from the vibrant Manchester neighborhood, this property offers a rare and lucrative opportunity for savvy investors or owner-occupiers looking to build equity in a high-growth area. The building is currently configured as two distinct, spacious units: Upper Level: A bright 3-bedroom, 1-bathroom floor plan. Lower Level: A substantial 3-bedroom, 3-bathroom layout, offering significant rental premium potential. This property is a canvas for your vision, whether you are looking to complete a high-end renovation or add a solid performer to your rental portfolio. For a streamlined development process, approved plans and permits are already on file and available upon request. The property is being sold AS-IS, WHERE-IS. Prospective buyers are encouraged to perform their own due diligence to unlock the full potential of this unique Manchester-adjacent gem. Schedule your private showing today and secure your stake in one of the city's most dynamic corridors!
Courtesy: United Real Estate Richmond
Jennie Guo
804-821-8005
This is a nice brick duplex near VCU with off street parking. It has separate gas and electric meters. One water meter. Both units have central air and washer/dryer. The first floor unit has 2 baths and expands into a finished basement. The second floor unit has 2 full baths. This property is very sound and in great condition. The second floor is rented through November 30, 2026. The first floor through September, 30 2026. Just a short walk to VCU. A perfect location for students.
Richmond is located in Virginia. Richmond, Virginia has a population of 225,676. Richmond is less family-centric than the surrounding county with 19.89% of the households containing married families with children. The county average for households married with children is 19.89%.
The median household income in Richmond, Virginia is $54,795. The median household income for the surrounding county is $54,795 compared to the national median of $69,021. The median age of people living in Richmond is 34.4 years.
The average high temperature in July is 89.7 degrees, with an average low temperature in January of 27.6 degrees. The average rainfall is approximately 44.3 inches per year, with 11 inches of snow per year.
