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    3425 W Franklin St Richmond, VA 23221

    Pending
    For Sale
    $599,000

    MULTI_FAMILY - Colonial - Richmond, VA

    Property size:
    1,906 SF
    Lot size:
    0.19 Acres
    Days on Market:
    16
    Last Refresh:
    Dec 11 at 8:06 am

    Property Features for 3425 W Franklin St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    APN
    W000-1620-006
    Parking features
    Off Street, On Street
    Exterior features
    OutBuildings
    Size
    1,906 SF
    Lot size
    0.19 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1951
    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick, Block
    Architectural style
    Colonial
    Additional Structures
    Outbuilding

    The Steele Group Sotheby's International Realty (804) 282-3136 [email protected]

    Listing agent Katherine Hawks (804) 282-3136 License #0225196082

    Listing date Nov 26, 2025

    MLS# 2531089 Listing URL

    Copyright © 2025 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

    Museum District Duplex Investment

    This all-brick duplex is located in the Museum District. Situated on a corner lot, the property offers opportunities for both owner-occupants and investors. The building is fully rented with long-term tenants. Each apartment features 2 bedrooms and 1 full bath. The property has separate utilities for each unit and a consistent rental history, currently renting for approximately $1,500 per month per unit. The property cash flows with a conventional mortgage. The location provides proximity to museums, restaurants, Carytown, breweries, parks, and major commuter routes. The property is suitable for expanding a portfolio or for owner-occupancy while renting the other unit. The property size is 1906 square feet and the lot size is 0.1928 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.481593
    Latitude
    37.564014

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    FAQs

    What type of property is this?
    Duplex - All-brick duplex in Richmond's Museum District, fully rented.
    Where is this duplex located?
    The property is located at 3425 W Franklin St Richmond, 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: - Prime location in the highly desirable Museum District, offering walkability to museums, restaurants, Carytown, breweries, and parks.; - Turnkey investment property with immediate cash flow and solid rental history, currently renting for approximately $1,500 per month per unit.; - Fully rented with amazing long-term tenants who would love to stay, ensuring immediate stability.
    (804) 282-3136
    Request Owner's contact information
    3425 W Franklin St Richmond, VA 23221
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    Richmond, VA 23221
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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
    3425 W Franklin St Richmond, VA 23221
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