For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Duplex with Updated Units Title is generated by Realmo AI

    1025 Taylor Avenue, Richmond, VA 23225

    View on Map
    Claim this Listing
    For Sale
    $699,000

    MULTI_FAMILY - Colonial - Richmond, VA

    Property size:
    2,696 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $259/SF
    Added:
    Jun 10, 2026
    Days on Market:
    18
    Last Refresh:
    Jun 27 at 2:06 pm

    Property Features for 1025 Taylor Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    On Street, Garage, Alley
    Patio and Porch features
    Deck
    Interior features
    Fireplace, GraniteCounters
    Exterior features
    Storage, Shed
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    GasWaterHeater
    Standard status
    Active
    APN
    S000-3055-027
    Size
    2,696 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    FOREST HILL TERRACE L13 B7 0060.00X0150.00 0000.000
    Tax Annual Amount
    7812

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1938
    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick, Plaster
    Roof type
    Slate
    Architectural style
    Colonial
    Additional Structures
    Storage

    We can help!

    Contact an agent
    Matthew Smith

    Listing agent Matthew Smith License #0225086338

    Listing office MSE Properties 2504 Monument Ave, Richmond, VA

    Listing date Jun 10, 2026

    MLS# 2615760 Listing URL

    Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


    Overview

    This turnkey duplex features two similarly laid-out apartments with separated access to basements, garage spaces, and back yards. Apartment 1 includes two bedrooms, a full bath, a dining room and living room with fireplace, and in-unit stack washer and dryer, plus an additional full washer and dryer in the basement. Apartment 2 offers a matching general layout and an extra heated and cooled third-floor space suitable for a den, studio, or additional bedroom. Each unit also benefits from an additional half bath in the basement. Updates and maintenance include regularly serviced boilers, newer hot water heaters, a newer AC unit upstairs (2021), a brand-new heat pump downstairs, fresh interior and exterior paint (2025), new quartz kitchen counters (2025), refinished hardwood floors, and new LVP in the kitchens.

    Located in Richmond, VA 23225, the property is presented with walkable proximity to Forest Hill Park and multiple nearby dining options mentioned in the remarks. The site sits on approximately 0.2066 acres and totals about 2,696 square feet across the duplex.

    For investors and owner-occupants, the separated basement, garage spaces, and yard access give each unit a practical level of independence while maintaining the convenience of a duplex configuration. With recent interior and exterior finishes and multiple mechanical upgrades, the property is positioned for tenants or an owner ready to occupy without major near-term work based on the updates described.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $54.4k $20.16
    − Vacancy −$3.5k −$1.31
    EGI $50.8k $18.85
    − OpEx −$15.2k −$5.65
    NOI $35.6k $13.19
    2,696 SF · lease $20.16/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $508.2K
    $444.7K – $592.9K (±1% cap)
    NOI $35,573 @ 7.0% cap · market cap 5.09%
    Second Best
    Apartment 5plus
    $477.1K
    $417.5K – $556.7K (±1% cap)
    NOI $33,399 @ 7.0% cap · market cap 4.78%
    Theoretical Best
    Office A
    $622.9K
    $545.0K – $726.7K (±1% cap)
    NOI $43,601 @ 7.0% cap · market cap 6.24%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.482586
    Latitude
    37.517849

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex offers two separate, turnkey-ready units with in-unit laundry and updated mechanicals.
    Where is this duplex located?
    The property is located at 1025 Taylor Avenue Richmond, VA.
    What is the asking price?
    The asking price for this property is $699,000.
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message