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    1503 Brook Rd Richmond, VA 23220

    Picture of Apartment buildings at Brook Rd 1503, Richmond, VA
    Pending
    For Sale
    $895,000

    TwoStory, LowRise, Multi-Family - Richmond, VA

    Type:Multi Family
    Days on Market:
    48
    Last Refresh:
    Dec 10 at 6:06 pm

    Property Features for 1503 Brook Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Pending
    Parking features
    On Street

    Building Details

    Year built
    1920
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    Long & Foster Real Estate (888) 536-0216

    Listing agent Anahita K. Johnson (888) 536-0216

    Listing date Oct 24, 2025

    MLS# 2525883 Listing URL

    Copyright © 2025 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Richmond Multifamily Investment Opportunity

    This 8-unit multi-family building presents a significant investment opportunity in Richmond, Virginia. The property is situated in close proximity to Virginia Union University (VUU) and Virginia Commonwealth University (VCU). Renovated 10 years ago, the apartments feature individual meters, wood and tile floors, granite countertops, dishwashers, microwaves, washers and dryers, and central air conditioning. A fenced backyard is also included. With 100% occupancy and long-term tenants, this property offers stable income potential for investors.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.444327
    Latitude
    37.55635

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    FAQs

    What type of property is this?
    Apartment building - 8-unit building near VCU and VUU, fully occupied, renovated.
    Where is this apartment building located?
    The property is located at 1503 Brook Rd Richmond, VA.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Great Investment Opportunity with 100% Occupancy; - Close proximity to two universities (VUU and VCU); - Individually metered apartments
    (888) 536-0216
    Request Owner's contact information
    1503 Brook Rd Richmond, VA 23220
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    Richmond, VA 23220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1503 Brook Rd Richmond, VA 23220
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