Richmond VA Multi-Family Real Estate, Homes for Sale

OPPORTUNITY IS KNOCKING! UNDER CITY TAX ASSESMENT! Hard To Find, Beautifully Renovated Duplex in Richmond! ALL NEW KITCHENS, BATHS, FLOORING, APPLIANCES, TOO MUCH TO LIST. Current owner says: SELL IT! Separate Electrical, 2 Heat Pumps! OFF STREET Parking in the rear. Large basement for storage.

4202 Chamberlayne Avenue, Richmond

$499,999

CVR-2625911 MLS

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.

704 Chimborazo Boulevard, Richmond

$899,000

CVR-2625614 MLS

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.

2617 W Grace Street, Richmond

$755,000

CVR-2625836 MLS

**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.

1209 Wallace Street, Richmond

$795,000

CVR-2625851 MLS

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.

312 N Shields Avenue, Richmond

$675,000

CVR-2625664 MLS

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.

30 S Davis Avenue, Richmond

$349,000

CVR-2625586 MLS

3314 3rd Avenue presents an excellent opportunity to acquire an updated, income-producing duplex in Richmond’s Northside. The property features a spacious three-bedroom apartment upstairs, currently leased for $1,493 per month, and a two-bedroom apartment downstairs, currently leased for $1,275 per month. Both residences offer renovated kitchens and bathrooms, in-unit washers and dryers, and central heating and air conditioning. The property is separately metered, with tenants responsible for all utilities, helping simplify ownership and reduce operating expenses. Off-street parking is also available on-site—an attractive convenience for current and future residents. Conveniently located near neighborhood shops, restaurants, parks, major roadways, and Downtown Richmond, 3314 3rd Avenue combines steady rental income, desirable amenities, and a strong Northside location.

3314 3rd Avenue, Richmond

$799,000

CVR-2625133 MLS

Located in the heart of Richmond’s highly sought-after Byrd Park neighborhood, this exceptional 4-unit property offers a rare combination of investment potential, location, and lifestyle. Each spacious 2-bedroom, 1-bath unit is just blocks from the neighborhood’s beloved parks and lakes, with easy access to VCU, Carytown, local restaurants, shops, and some of Richmond’s most popular outdoor amenities. The location is a major draw for a diverse range of residents from VCU students and young professionals, to outdoor enthusiasts and those looking to enjoy the convenience and character of one of Richmond’s most established neighborhoods. With approximately 200 acres of parkland, three scenic lakes, and nearby attractions such as Maymont and the Carillon, Byrd Park offers an exceptional quality of life that is difficult to replicate. From an investment standpoint, the property is designed for straightforward ownership. All four units are separately metered for water, gas, and electric, and each features its own in-unit washer/dryer and water heater. Off-street parking is available at the rear of the property. The current owner has master-keyed the entire building for convenient access, and the property is currently easy to rent with established tenants in place. A rare chance to own a well-positioned multifamily property in one of Richmond’s most distinctive and amenity-rich neighborhoods. See listing attachment for the current Rent Roll.

2004 Rosewood Avenue, Richmond

$649,950

CVR-2624591 MLS

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!

1523 Floyd Avenue, Richmond

$985,000

CVR-2625033 MLS

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.

1505 Grove Avenue, Richmond

$399,950

CVR-2625081 MLS

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.

8 S Robinson Street, Richmond

$695,000

CVR-2623202 MLS

Location, Location, Location! Rare opportunity for investors or owner occupants to acquire a duplex located on one of the Malvern area's most popular streets. This classic brick and slate duplex offers 2 spacious units with separate utilities paid by the tenants and a long positive rental history. . The first floor unit consists of 1309 square feet with living and dining rooms, kitchen, 2 bedrooms, full bath, office and sunroom. Upstairs consists of 1102 square feet with living and dining rooms, kitchen, 2 bedrooms, full bath, side screened porch and covered rear porch.

4303 Park Avenue, Richmond

$445,000

CVR-2624612 MLS

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.

3418 Carolina Avenue, Richmond

$775,000

CVR-2624541 MLS

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.

2523 W Main Street, Richmond

$3,100,000

CVR-2624403 MLS

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.

412 N 3rd Street, Richmond

$599,950

CVR-2624045 MLS

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.

3427 W Franklin Street, Richmond

$294,900

CVR-2624225 MLS

Investor Special. Duplex offers 2 units each unit has 2 bedrooms, 1 full bath, kitchen, living rm, dining room, basement and a large rear fenced yard. This duplex home offers tons of potential in the desirable area. Property is ready move in ready or do a little renovation for more equity. Sold strictly as-is/where is. Lots of great revitalization in the area. This is a must see.

3243 Woodrow Avenue, Richmond

$574,000

CVR-2623916 MLS

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.

1416 Porter Street, Richmond

$440,000

CVR-2623905 MLS

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.

714 Chimborazo Boulevard, Richmond

$650,000

CVR-2623810 MLS

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.

2609 W Main Street, Richmond

$2,075,000

CVR-2623403 MLS

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.

3110 Woodcliff Avenue, Richmond

$535,000

CVR-2622316 MLS

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!

2319 M Street, Richmond

$750,000

CVR-2622979 MLS

With strong Rental appeal, thanks to it's unbeatable Location and practical layout, this Duplex provides Investors and/or Owner Occupants with a great opportunity to own Income-Producing Real Estate in one of Richmond's most popular Urban neighborhoods. Located in the heart of Richmond's highly desirable Museum District, 3106 West Grace St presents an excellent Rental Investment opportunity in one of the cities most walkable, sought-after neighborhoods. This Duplex offers approximately 2420 square feet and features Two Spacious Units, each with Two Bedrooms and One Bathroom. Positioned on a beautiful tree lined street with sidewalks that connect to some of Richmond's most vibrant areas, the property is just moments from Carytown, Scott's Addition, VCU, local Restaurants, Museums and everyday Conveniences. The Building boasts a charming concrete Front Porch with covered Seating Areas creating a welcoming entry for Tenants and Guests. Each Unit includes Front and Rear Access, a comfortable Living Room, formal Dining Room, Kitchen with Gas Stove for cooking and also provides a Rear Covered Porch perfect for morning coffee, evening refreshments and entertaining or relaxing. Two Car garage with access from the Alley. Rear Yard features a Patio with manicured Flower and Herb Garden. Spacious Shared Basement includes a Washer and Dryer, Half Bath and Ample Storage.

3106 W Grace Street, Richmond

$799,000

CVR-2622329 MLS

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.

2863 Hull Street, Richmond

$579,000

CVR-2622328 MLS

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!

2859 Hull Street, Richmond

$1,300,000

CVR-2622047 MLS

Built in 2024, 1422 Bainbridge is a beautifully built quadplex consisting of all 2 Bed/2 Bath units. With average rents sitting at $2,149/month plus an additional $90/month in utility reimbursements, the property gives investors a strong day 1 cash on cash return whether as a pure investment or a house hacking opportunity. The property contains natural wood flooring throughout, 9 foot ceilings with tons of natural light, off street parking, as well as three out of the four units having walk out balconies. At an average of 898 sq ft., these oversized units are well above the average size throughout Manchester. Lastly, the property boasts incredible walkability in the heart of Manchester. Whether it's a walk across the street to the newly opened bakery, Le Petit Morceau or a 12 minute bike ride to downtown Richmond's new Costar headquarters, it is perfectly situated for the young professional demographic.

1422 Bainbridge Street, Richmond

$635,000

CVR-2621309 MLS

This newer construction duplex (built in 2022) is located in the lively and rapidly growing Manchester neighborhood. Offering spacious, open-concept floor plans, high ceilings, and stylish modern finishes, this property perfectly blends contemporary living with timeless charm. Kyle, the lovable deaf dog pictured in the listing photos, is a rescue from the Richmond Animal League, and he absolutely loves his home here! Imagine spending summer evenings on your private rooftop deck or relaxing on your first-floor patio with a fenced yard—both perfect spots to unwind just like Kyle does. Just a few blocks from the flood wall (Kyle’s favorite walking path!), both units feature beautifully designed kitchens with stainless steel appliances, granite countertops, and expansive layouts ideal for entertaining.

1501 Perry Street, Richmond

$989,900

CVR-2620887 MLS

Looking for the ideal downsize but don't want a condo? Want first-floor living but love the neighborhoods that seem to have only two-story homes? This might be for you. Tucked into Richmond's coveted Sauer's Gardens neighborhood in the Near West End — steps from the same brick-and-boxwood charm that makes Monument Avenue's landmark condo buildings so desirable — this 1940 brick sister-flat duplex delivers the lock-and-leave lifestyle of a condo with none of the association rules or monthly dues. The current owner occupies the main level as a private one-level retreat: 2 bedrooms, 2 full baths, a dedicated study, and its own laundry — true first-floor living, in a neighborhood built almost entirely of two-story homes. Upstairs, a fully separate luxury unit — 2 bedrooms, a full bath, a study, and its own laundry — is currently operated as a short-term rental (min 2 mos currently.) The upper unit's second bath is already roughed-in for conversion, giving a new owner a clear, low-lift path to add value and boost nightly rental rates. Outside, the current owner completed a brand-new detached garage — two full bays plus a finished storage level above — alongside an additional off-street parking space, solving Richmond's biggest city-living headache: parking. A bluestone patio and thoughtfully designed hardscape turn the backyard into a low-maintenance garden oasis, built for entertaining, not weekend upkeep. Whether you're searching for that rare first-floor-living opportunity without giving up your own front door to an HOA, a potentiall short-term rental investment near Richmond's top attractions, or simply a smarter way to downsize into a walkable, historic neighborhood, 4207 W Grace St offers rare flexibility on a 7,258 sq ft lot with 2,854 finished square feet. STATED RENT IS PLACE HOLDER - PROPERTY IS OWNER OCCUPIED

4207 W Grace Street, Richmond

$635,000

CVR-2620136 MLS

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.

1119 W Grace Street, Richmond

$710,000

CVR-2619492 MLS

Step into timeless Richmond charm with this beautifully preserved duplex in Union Hill Historic. Built in 1915, this classic Victorian row house overlooks the park and showcases the architectural character and craftsmanship that make historic homes so desirable. Each spacious unit features two bedrooms, one full bath, generously sized living spaces filled with natural light from oversized windows, eat-in kitchens, dedicated laundry rooms, and walk-in pantries. Soaring 9-foot ceilings, original historic millwork, and period details create a warm, elegant atmosphere throughout. The home's striking exterior is equally impressive, featuring a welcoming front porch, a distinctive arched brick entry vestibule with original wood flooring, a slate roof, and private fenced rear patios for each unit perfect for outdoor entertaining or quiet relaxation. Steps from Jefferson Park and close to Church Hill enjoy Sub Rosa, The Roosevelt, Patrick Henry’s Pub, 35 Yoga, Pizza Bones and Union Hill Market. Whether you're looking to expand your investment portfolio or own a piece of Richmond history, this rare duplex offers classic architectural beauty, functional layouts, and an exceptional location.

2016 Princess Anne Avenue, Richmond

$1,500,000

CVR-2619745 MLS

Incredible opportunity to own an absolute gem in the heart of the Arts District. The upper floors contain five renovated apartments with beautiful hardwoods, abundant light and a small roof deck. The first floor commercial space was recently renovated and is ready for an end user or owner occupant. The property is located within a block of some of Richmond’s favorite restaurants including Rappahannock, Perly’s and Juleps. The space is walkable to countless art galleries, the Dominion Arts Center, the Downtown Hilton and the Jefferson Hotel.

304 E Grace Street, Richmond

$950,000

CVR-2619741 MLS

Incredible opportunity to own an absolute gem in the heart of the Arts District. The 2nd floor contains one huge two-bedroom two-bathroom apartment with soaring ceilings, exposed brick and abundant light. The first floor commercial space is occupied by several salon suites giving the purchaser instant income and the ability to re-tenant to a higher and better use in the future. The property would make an amazing live-work opportunity. The property is located within a block of some of Richmond’s favorite restaurants including Rappahannock, Perly’s and Juleps.

302 E Grace Street, Richmond

$709,999

CVR-2618895 MLS

Experience the perfect blend of contemporary design, urban convenience, and exceptional investment potential with this duplex located in one of Richmond's most dynamic and rapidly growing neighborhoods—Manchester. Designed with today's lifestyle in mind, this modern duplex offers two well-appointed residences featuring stylish finishes, open-concept living spaces, abundant natural light, and low-maintenance living. Whether you're looking to expand your investment portfolio, offset your mortgage by living in one unit while renting the other, or add a turnkey property to your collection, this property delivers outstanding versatility and long-term value. Ideally situated just minutes from Virginia Commonwealth University (VCU), Downtown Richmond, and the Central Business District, residents enjoy quick access to some of the city's most sought-after destinations. Spend weekends exploring Manchester's vibrant restaurant and brewery scene, boutique coffee shops, art galleries, and entertainment venues, or take advantage of the nearby James River Park System, where miles of scenic walking and biking trails, kayaking, river overlooks, and outdoor recreation await. The property is also conveniently located near Brown's Island, Belle Isle, and the Canal Walk, making it easy to enjoy everything Richmond has to offer.

206 W 14th Street, Richmond

$739,000

CVR-2618857 MLS

Located at 2218-2220 M Street in the heart of Richmond’s highly desirable Union Hill neighborhood, this fully renovated side-by-side duplex presents a rare opportunity to acquire a turnkey investment in one of the City’s strongest rental and resale markets. Encompassing approximately 2,943 square feet, the property features an attractive unit mix of one 2-bedroom, 2-bathroom residence and one 3-bedroom, 1.5-bathroom residence, both renovated to an exceptional standard back in 2022 with quality finishes and modern systems. Investors will appreciate the property’s strong in-place rental potential, while its oversized lot offers additional value through future expansion, accessory dwelling units, or potential redevelopment, subject to applicable approvals. The layout also presents a unique opportunity to subdivide and reintroduce the residences to the market as individual for-sale homes, creating multiple avenues for future appreciation and exit strategies. Positioned just steps from the vibrant intersection of 25th and M Streets, the property enjoys one of Union Hill’s most walkable and sought-after locations. Residents are within easy walking distance of neighborhood favorites including Sub Rosa Bakery, Union Market, Metzger, Kahlo’s Taqueria, and Fat Rabbit, while remaining just minutes from downtown Richmond, the MCV campus, and convenient I-95 and I-64 access. Whether purchased as a long-term hold, value-add investment, or future condominium or single-family conversion opportunity, 2218–2220 M Street offers a compelling combination of quality renovations, outstanding location, and long-term upside that is increasingly difficult to find in Richmond’s historic urban neighborhoods.

2218/2220 M Street, Richmond

$480,000

CVR-2618780 MLS

Exceptional investment opportunity in the heart of Richmond's vibrant Jackson Ward neighborhood with option for SELLER FINANCING! This well-maintained duplex at 222 W Marshall Street offers the perfect combination of historic character, strong income history, and an unbeatable location. Two 2 bedroom, 1 bath units, each featuring updated kitchen open to the living room, generously sized bedrooms, hardwood floors through-out, providing comfortable living for tenants or owner-occupants alike. The property's classic architectural details are complemented by functional layouts designed for everyday living. Ideally situated just minutes from Virginia Commonwealth University (VCU), Downtown Richmond, the Arts District, restaurants, breweries, shopping, and major employers, this property offers convenient access to everything the city has to offer. Whether you're looking to expand your investment portfolio, generate rental income, or live in one unit while renting the other, this duplex presents outstanding flexibility and long-term value. With its prime location, strong rental appeal, and timeless Richmond charm, 220 W Marshall Street is a rare opportunity you won't want to miss. Can be sold as package deal along with 220 W Marshall St.

222 W Marshall Street, Richmond

$480,000

CVR-2618774 MLS

Exceptional investment opportunity in the heart of Richmond's vibrant Jackson Ward neighborhood with option for SELLER FINANCING! This well-maintained duplex at 220 W Marshall Street offers the perfect combination of historic character, strong income history, and an unbeatable location. Two 2 bedroom, 1 bath units, each featuring updated kitchen open to the living room, generously sized bedrooms, hardwood floors through-out, providing comfortable living for tenants or owner-occupants alike. The property's classic architectural details are complemented by functional layouts designed for everyday living. Ideally situated just minutes from Virginia Commonwealth University (VCU), Downtown Richmond, the Arts District, restaurants, breweries, shopping, and major employers, this property offers convenient access to everything the city has to offer. Whether you're looking to expand your investment portfolio, generate rental income, or live in one unit while renting the other, this duplex presents outstanding flexibility and long-term value. With its prime location, strong rental appeal, and timeless Richmond charm, 220 W Marshall Street is a rare opportunity you won't want to miss.

220 W Marshall Street, Richmond

$539,900

CVR-2618326 MLS

Own a piece of Richmond history with The Meredith House, a remarkable Federal-style duplex originally built in 1813 and recognized as one of the oldest surviving homes in historic Jackson Ward. Thoughtfully restored in 2014, this landmark property blends over two centuries of architectural character with modern conveniences, offering a rare opportunity for both investors and owner-occupants. Each unit features 2 bedrooms, 1.5 bathrooms, spacious living areas, updated kitchens, in-unit laundry, separate utilities, and private entrances. Tankless water heaters for both units. Historic details have been carefully preserved while incorporating modern systems designed for today’s lifestyle. Located in the heart of Jackson Ward, the property is just blocks from the Black History Museum & Cultural Center of Virginia, VCU, VCU Medical Center, Bio+Tech Park, galleries, restaurants, breweries, theaters, and downtown Richmond’s vibrant entertainment district. Whether you’re seeking a unique owner-occupied duplex, an investment property, or the chance to own one of Richmond’s historically significant residences, The Meredith House presents a rare opportunity that seldom comes to market.

133 W Jackson Street, Richmond

$599,000

CVR-2617264 MLS

Located in Richmond's historic Woodland Heights neighborhood near Forest Hill Park, 3105 Semmes Ave | 3105 Semmes Ave, Richmond, VA 23225 is a two-story, multi-family duplex built in 1922 that seamlessly blends classic early 20th-century character with modern functional updates. Exterior & Curb Appeal: The front exterior highlights a traditional two-story structural layout featuring a classic combination of brick and stucco elements, complemented by a large wraparound front porch and a private upper-level balcony. The property also features convenient alley access with designated off-street parking in the back. Unit Layouts: The building is split into two independent 2-bedroom residential units (units on the first and second levels). Each level includes a functional living room, dedicated laundry space, and individual private deck access points. Interior Character: The interior spaces retain period architectural details such as high ceilings, traditional millwork, and character-rich fixtures alongside functional modern updates like luxury vinyl plank flooring, white appliances, and a unique clawfoot tub in the upper-level bathroom. Rear Exterior & Grounds: The property features a shaded, gravel-paved rear parking area providing dedicated off-street access, bordered by a wooden privacy fence and mature canopy trees that look out onto a shared backyard and green space. local areas: Forest Hill Park: Located just blocks away, this historic 105-acre park features wooded trails. Buyers get the quiet, historic, tree-lined character of Woodland Heights paired with immediate, walkable access to Richmond's premier outdoor recreation. Easy access to major thoroughfares, Downtown Richmond, and VCU, making it ideal for urban professionals or tenants looking to cut down on commute times.

3105 Semmes Avenue, Richmond

$2,599,000

CVR-2616720 MLS

2400 Barton Avenue presents an opportunity to acquire an 18-unit apartment community in Richmond's rapidly evolving Northside neighborhood. Situated prominently on the corner of Barton Avenue and East Graham Road, the property benefits from excellent visibility, abundant natural light, and a larger land footprint than many comparable apartment communities in the area. Since acquiring the property, ownership has invested more than $300,000 in capital improvements, enhancing the property's condition and positioning it for continued growth. The expansive corner parcel provides additional open space and flexibility, creating a valuable amenity for residents today while offering future ownership the opportunity to explore additional uses of the excess land, subject to applicable approvals. Residents enjoy convenient access to the thriving Brookland Park Boulevard corridor, home to neighborhood favorites such as The Smoky Mug, along with an expanding collection of restaurants, coffee shops, breweries, and locally owned retailers that continue to drive Northside's transformation into one of Richmond's most dynamic neighborhoods. The current rent roll demonstrates stable occupancy while also presenting a compelling opportunity for future income growth. Comparable renovated two-bedroom apartments in the immediate area are achieving rents of approximately $1,450 per month, providing investors with a clear path to increasing revenue through strategic unit turnover and continued asset management. Combining a desirable all two-bedroom unit mix, substantial recent capital investment, a prominent corner location, additional land area, and proximity to one of Richmond's most active neighborhood commercial districts, 2400 Barton Avenue offers an attractive opportunity to acquire a well-positioned multifamily asset with both strong in-place income and meaningful upside potential.

2400 Barton Avenue, Richmond

$399,900

CVR-2615561 MLS

Great investment opportunity in historic Church Hill! This duplex features two occupied units with month-to-month tenants already in place, offering immediate rental income and flexibility for future plans. Unit A offers 2 bedrooms and 1 full bath, while Unit B features 3 bedrooms and 1 full bath. Conveniently located near local restaurants, parks, downtown amenities, and all that Church Hill has to offer. Ideal for investors seeking cash flow, owner-occupants planning for future occupancy, or those looking to add value in a highly desirable neighborhood.

1517 N 22nd Street, Richmond

$718,000

CVR-2615260 MLS

NEW CONSTRUCTION and scheduled for completion in November 2026. Conveniently located in historic Manchester near downtown, James River Park System, and new restaurants/breweries. Downstairs unit has 2 Bedrooms and 2 Baths, LVP floors, quartz tops. Upstairs unit has 3 Bedrooms, 3 Baths, wood floors in living room/kitchen/master bedroom/stairs/hallways, ceramic tile in bathrooms, and quartz kitchen countertops.

117 W 10th Street, Richmond

$989,000

CVR-2614044 MLS

Outstanding opportunity to acquire an investor friendly 9-unit multifamily asset with stabilized rental income and an appraisal-supported cap rate of approximately 8.5% and current seller-provided operating figures close to a 9.5% cap rate. With average rent at $1200 per unit this investment opportunity is strong and reliable. The two-story brick apartment building offers a practical and consistent unit mix with nine (9) 2-bedroom, 1-bath residences, each approximately 700 square feet, for a total building size of approximately 6,448 square feet on a 0.27-acre parcel. The property features a NEWER roof, NEW exterior access, durable brick construction, multiple unit entrances, and functional interior layouts that support long-term rental operations. The property offers a courtyard-style exterior, low-maintenance brick façade, and bright interior spaces. Select units feature hardwood or plank-style flooring, white kitchen cabinetry, electric range appliances, and neutral wall colors. The interiors provide simple, efficient layouts that allow for continued rental use while also presenting potential for future cosmetic updates or operational improvements. Tenants are responsible for heat and electric, while the landlord pays for water and trash removal. The property also offers some off-street parking, along with convenient access to nearby public transportation and Interstate 64. All units are tenant occupied with a strong rent roll. Recent improvements and area growth suggest potential upside through lease-up, rent optimization, or future improvements, subject to market conditions and applicable lease terms. With a consistent tenant base, low maintenance, and strong rental income this apartment building presents a compelling opportunity for investors seeking a multifamily property in the Richmond market. Reach out today!

2115 Phaup Street, Richmond

$669,950

CVR-2610034 MLS

LOCATION, LOCATION, LOCATION! Merely two blocks off Monument Avenue, walking distance from Scott’s Addition and Willow Lawn, this coveted Malvern Gardens location gives tenants a plethora of dining, shopping and entertainment options at arm's length. This sophisticated duplex feels like quintessential Richmond and seamlessly blends into its prime Area 20 neighborhood. Fully leased and complete with updates and upgrades, these two pristine units, each 2 bedrooms and 1 full bath, offer updated kitchens, hardwood flooring in formal rooms and bedrooms, spacious living rooms and formal dining space, private side porches, fenced backyard with off street parking, basement storage, complete with separate washers/dryers for each unit. Both units offer an IDEAL floor plan allowing separation between bedrooms and living/dining space, while original moldings and trim have been preserved throughout, creating the warmth of a private residence circa 1940. Built as a duplex with separate utility meters, tenants pay all utilities. Income producing from day one and occupied with responsible and caring tenants, this turn-key investment is an easy addition to your real estate portfolio, or a smart first step to becoming an investor!

4412 Cutshaw Avenue, Richmond

$699,000

CVR-2609923 MLS

NEW CONSTRUCTION and scheduled for completion in October of 2026. Conveniently located in historic Manchester near downtown, James River Park System, and new restaurants/breweries. Downstairs unit has 2 Bedrooms and 2 Baths, LVP floors, quartz tops. Upstairs unit has 3 Bedrooms, 2.5 Baths, wood floors in living room/kitchen/master bedroom/stairs/hallways, ceramic tile in bathrooms, and quartz kitchen countertops. PHOTOS USED IN THIS LISTING ARE OF NEIGHBORING PROPERTY WITH SIMILAR FLOOR PLAN AND FINISHES. 115 W 15th STREET IS CURRENTLY UNDER CONSTRUCTION.

115 W 10th Street, Richmond

$800,000

CVR-2601771 MLS

Prime Fan District investment opportunity at 2607 W Grace St—a classic 1910 brick quadplex featuring four (4) one-bedroom apartments in one of Richmond’s most in-demand, walkable locations. With 2,694 sq ft across two stories, plus a partial basement, this property offers a strong footprint for a buy-and-hold strategy with long-term upside. The brick exterior, charming front porch, and off-street parking for two cars add durable appeal and rarity for the neighborhood. Tenants will love being steps from the Fan’s best restaurants, museums, shopping, and nightlife, supporting consistent rental demand. A location-driven asset in a proven submarket—ideal for investors seeking stable cash flow potential and appreciation in the heart of Richmond.

2607 W Grace Street, Richmond

$599,950

CVR-2601767 MLS

Mixed use property in the Fan! Discover an exceptional investment opportunity with this mixed-use building zoned R-48, ideally located near the bustling intersection of Boulevard and Broad St. This property features two cozy efficiency apartments, each approximately 380 sqft and currently generating monthly rental income of $1,050 and $1,100. In addition, there is a versatile business office space, formerly a dentist office, spanning around 760 sqft. This area, which consists of six rooms and 2 half bathrooms, offering the potential for conversion into a third apartment or another business, maximizing your rental income. With a convenient rear parking lot accommodating 6 vehicles, accessibility is a breeze for both tenants and clients. Don’t miss out on this prime property that combines residential and commercial potential in a sought-after location! 24 hour notice required to show.

2603 W Grace Street, Richmond

Browse All Richmond VA Multi-Family Properties for Sale

Richmond Multi-Family Real Estate