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Brick Duplex with Detached Garage
New
For Sale
$649,950

1523 Floyd Ave, Richmond, VA 23220

Richmond, VA

Property SizeContact for details
Lot Size0.08 Acres
Days on Market7

Property Features for 1523 Floyd Ave

General Information

Property type Residential Multi Family
Property subtype Other
Elementary school Fox
Middle school Dogwood
High school Thomas Jefferson
Standard status Active
Lot size 0.08 Acres

Amenities

open front porch
private rear yard
shared laundry area

Building Details

Year built 1900
Listing Agency: Grove
Listed By: Ron Evans
Added: Sep 14 Changed: Sep 18 Last Checked: Sep 19 at 11:06PM
MLS# 2624591

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Built in 1900, this all-brick duplex contains two separately accessed residences, each with two bedrooms, one full bathroom, a galley kitchen, and open living areas. Original character includes high ceilings, hardwood flooring, classic moldings, and a covered front porch. Both units connect to a private rear yard, while the basement provides outdoor access, shared laundry, and storage. A detached two-car garage adds utility to the property.

The 0.0825-acre property is located near VCU, Carytown, an interstate, restaurants, shopping, and schools. The two residences have leases in place through May and July 2027, supporting continued rental use. The configuration also includes the flexibility for an owner to occupy one unit while leasing the other, as stated in the property information.

Key Highlights

  • All‑brick duplex built in 1900
  • Two units, each with 2 bedrooms and 1 full bathroom
  • Separate entrances for the ground‑level and upstairs residences

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Auto Parts Store Plumbing Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Pet Grooming Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,947
Businesses Nearby

Demographics for 23220, VA

36,942
Population
16,561
Households
2.2
Avg Household Size
27
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
7,696
Density / Sq Mi
$56,681
Median Household Income
$33,249
Median Earnings
$1,354
Median Rent
$468,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two separately entered units offer private outdoor space, shared laundry, and established rental occupancy.
Where is this duplex located?
The property is located at 1523 Floyd Ave Richmond, VA.
What is the asking price?
The asking price for this property is $649,950.
What are key features of this property?
This property features: All‑brick duplex built in 1900; Two units, each with 2 bedrooms and 1 full bathroom; Separate entrances for the ground‑level and upstairs residences
More about this property
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