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    Fully Leased Duplex with Private Yards Title is generated by Realmo AI

    2506 Kenmore Rd, Henrico, VA 23228

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    For Sale
    $599,000

    Ranch, Multi-Family - Henrico, VA

    Type:Multi Family
    Lot size:
    0.31 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 1:06 pm

    Property Features for 2506 Kenmore Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Parking features
    Driveway, Off Street, On Street, Paved or Surfaced
    Interior features
    BedroomOnMainLevel, DiningArea, EatInKitchen, LaminateCounters, MainLevelPrimary
    Exterior features
    Storage, Shed, PavedDriveway
    Standard status
    Active
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3378.94

    Building Details

    Year built
    1953
    Floors in Building
    1
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Ranch
    Additional Structures
    Packing Shed, Shed(s), Storage

    We can help!

    Listing Contact
    Robb Moss

    Listing agent Robb Moss

    Listing office Westham 5015 Huguenot Road, VA

    Listing date Jun 4, 2026

    MLS# 2614920 Listing URL

    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.

    HighLights

    • Fully leased, income‑producing duplex with private side‑by‑side units
    • Unit 1: 3 bedrooms, 1.5 baths, eat‑in kitchen, updated baths, and in‑unit washer/dryer
    • Unit 2: 2 bedrooms, 1 bath with updated full bath, wood flooring, and in‑unit washer/dryer
    • Both units include fenced backyard areas plus paved driveway and off‑street parking
    • Newer heat pump with central air
    • New dimensional shingle roof installed in 2023

    Overview

    This fully leased, one-level duplex features private, side-by-side units designed to provide each household its own space. The larger unit offers three bedrooms and 1.5 baths with updated bathrooms, classic wood flooring, a spacious eat-in kitchen, and an in-unit washer/dryer. The second unit includes two bedrooms and one bath with an updated full bath, wood flooring, and its own washer/dryer. Outside, both tenants benefit from separate fenced yards, along with a paved driveway for off-street parking. The property also includes a newer heat pump with central air, and a dimensional shingle roof was installed in 2023.

    Located in Henrico, VA, the duplex is described as being just steps from Bryan Park, supporting everyday convenience and an easy neighborhood setting.

    For buyers or investors seeking a residential income property, the current fully leased status and long-term-tenant-oriented layout make the duplex a practical option. With in-unit laundry, fenced outdoor space, central air via heat pump, and recent roof replacement, the property offers a tenant-friendly package aimed at reducing day-to-day friction and protecting near-term exterior maintenance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Henrico
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.4923
    Latitude
    37.6255

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    FAQs

    What type of property is this?
    Duplex - Side-by-side units with in-unit washer/dryer, fenced yards, off-street parking, and a 2023 roof.
    Where is this duplex located?
    The property is located at 2506 Kenmore Rd Henrico, VA.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Fully leased, income‑producing duplex with private side‑by‑side units; Unit 1: 3 bedrooms, 1.5 baths, eat‑in kitchen, updated baths, and in‑unit washer/dryer; Unit 2: 2 bedrooms, 1 bath with updated full bath, wood flooring, and in‑unit washer/dryer
    (888) 536-0216
    We can help!
    Listing Contact
    Robb Moss
    Request Owner's contact information
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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    2506 Kenmore Rd, Henrico, VA 23228
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