Richmond, VA Apartment Buildings for Sale

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Henrico, VA Goochland, VA Mechanicsville, VA Glen Allen, VA Chesterfield, VA Highland Springs, VA Sandston, VA Midlothian, VA

36 properties

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Updated: May 24

9-Unit Brick Apartment Building

2115 Phaup Street, Richmond, VA 23223

$989,000

6,448 sqft 0.27 AC lot

9‑unit building with nine 2‑bedroom, 1‑bath residences
Approximately 6,448 square feet on a 0.27‑acre parcel
Two‑story brick construction built in 1950
All units tenant occupied
Public water and public sewer

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Updated: Jul 31

20-Unit Apartment Building

1401 Coalter Street, Richmond, VA 23223

$2,399,900

0.59 AC lot

20 total apartment units across five separate quad buildings
12 units leased, 6 vacant and rent‑ready, plus 2 units currently used for storage
Each unit is approximately 744 square feet with 2 bedrooms and 1 full bathroom
0.59‑acre property at 1401 Coalter Street, Richmond, VA 23223
All‑electric units with forced‑air heat and window A/C units

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8-Unit Mixed-Use Building

2712 E Leigh Street, Richmond, VA 23223

$1,840,000

0.17 AC lot

Fully occupied property combining loft-style residences with a retail space and designated parking in a paved side lot.

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Renovated Mixed-Use Property

304 E Grace St, Richmond, VA 23219

$1,500,000

9,412 sqft

Renovated apartments accompany first-floor commercial space and a small roof deck.

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Restored 12-Unit Apartment Building

2201 E Main St, Richmond, VA 23223

$5,100,000

0.16 AC lot

Historic industrial character meets updated condominium interiors and secured resident amenities in a boutique multifamily property.

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Five-Unit Apartment Building with Garage

1524 Grove Avenue, Richmond, VA 23220

$975,000

Updated apartments are fully occupied with public water and sewer service.

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Corner One-Bedroom Apartment Building

3618 Chamberlayne Avenue, Richmond, VA 23227

$2,600,000

13,212 sqft

Well-maintained one-bedroom units with updated common areas, in-unit kitchen and flooring improvements, plus a shared laundry room.

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Redevelopment Site with TOD-1 Zoning

4101 West Broad St, Richmond, VA 23230

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7,000 sqft

For-sale redevelopment opportunity at a signalized intersection with TOD-1 zoning on West Broad Street.

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18-Unit Apartment Community Corner Parcel

2400 Barton Avenue, Richmond, VA 23222

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18,972 sqft

18-unit multifamily property with an all-two-bedroom mix and recent capital improvements, positioned on a prominent corner lot.

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Downtown Richmond Luxury Apartment Building

412 N 3rd St, Richmond, VA 23219

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18,336 sqft 0.30 AC lot

15-unit apartment building in downtown Richmond near amenities.

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NNN Apartment Building

2110 Redd Street, Richmond, VA 23223

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23,400 sqft 1.01 AC lot

36-unit apartment building offering a mix of two-bedroom, one-bathroom residences on 1.01 acres.

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20-Unit Apartment Buildings

1401 Coalter Street, Richmond, VA 23223

$2,399,900

Five separate buildings offer a mix of leased, rent-ready, and storage-use apartments with all-electric systems.

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Apartment Building Portfolio

1421 Bainbridge Street, Richmond, VA 23224

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14,782 sqft

Recently developed multifamily asset with full occupancy in Richmond’s Manchester submarket.

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NNN Restaurant with Patio Seating

2028 W Cary St, Richmond, VA 23220

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1,470 sqft

1,470 SF NNN restaurant space with outdoor patio seating, off-street parking, and 3.5 years remaining on lease.

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Luxury Mixed-Use Asset in Richmond

2028 W Cary Street, Richmond, VA 23220

$2,599,000

Rare, renovated mixed-use property in Richmond's sought-after Fan District.

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Brick Multifamily Building with Parking

3810 Chamberlayne Avenue, Richmond, VA 23227

$2,400,000

Fully leased brick building with 18 two-bedroom, one-bath apartments, ample parking, and laundry onsite.

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Downtown Richmond Mixed-Use Investment

214-216 E Main St, Richmond, VA 23219

$2,100,000

Renovated mixed-use property with retail and residential units.

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Mixed-Use Redevelopment With Flagship Hotel

6630 W Broad St, Richmond, VA 23230

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200,000 sqft 46.00 AC lot

Mixed-use redevelopment campus with planned flagship hotel, office, retail, and multifamily, with site work beginning Q4 2025.

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Garden-Style Apartment Community

4101 North Ave, Richmond, VA 23222

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10.07 AC lot

Garden-style apartment community with one- through four-bedroom units and convenient access via a GRTC bus line.

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Commercial Sale

2712 E Leigh St, Richmond, VA 23219

$1,840,000

Mixed-use properties

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Richmond Multifamily Investment Opportunity

2000 Lamb Ave, Richmond, VA 23222

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5,692 sqft

Stabilized multifamily asset with value-add potential in Richmond.

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Richmond Multifamily Investment Opportunity

3900 Forest Hill Ave, Richmond, VA 23225

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55,452 sqft

81-unit apartment community in Richmond's Forest Hill neighborhood.

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26-Unit Multifamily Investment Opportunity

401 E Brookland Park Blvd, Richmond, VA 23222

$2,500,000

All-brick multifamily complex with 2-bedroom and studio units.

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Historic Multifamily with Multiple Buildings

1529 W Cary Street, Richmond, VA 23220

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0.64 AC lot

Portfolio includes 25 units across six buildings built from 1900 to 1930, with one office space and garage parking.

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Richmond, VA Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in Richmond, VA, showcased through 36 active listings on our real estate platform. These investment opportunities span a total of 374,176 square feet of properties for sale, with an estimated market value of $29,242,800.

Sale prices for two-family homes in Richmond, VA start at $975,000, averaging $2,249,446, and reaching up to $5,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 594K

Population Growth (5Y) +3.2%

Median Household Income $75,947

College Educated 27.8%

High-Yield Neighborhoods for Investment

Identify Richmond submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
23220	$1.8M
23219	$1.8M
23222	$2.5M
23227	$2.5M
23223	$2.5M

Taxes & Financing

Tax Rate (average for all types) 0.37%

Property Tax per SF $7.41 per SF

Tax Rate vs County Average 0.05 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Richmond City County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Richmond City County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Richmond fall within the 100,000+ square foot range.

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