Gated Cooperative Residential
6161 River Road Henrico, VA 23226
6161 River Road, Henrico, VA, 23226
$449,000
For Sale
$449,000
MULTI_FAMILY - Colonial - Henrico, VA
Property Size1,799 SF
Price / SF$249.58
Days on Market50
Property Features for 6161 River Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Dining Room
- Parking features
- On Street
- Patio and Porch features
- Porch, Patio
- Interior features
- BedroomOnMainLevel, SeparateFormalDiningRoom, EatInKitchen, Fireplace, BathInPrimaryBedroom, MainLevelPrimary, SolidSurfaceCounters, WalkInClosets
- Exterior features
- Porch, Storage
- Fireplace
- 1
- Appliances
- Dryer, Dishwasher, ElectricCooking, Disposal, GasWaterHeater, Refrigerator, Washer
- Standard status
- Active
- APN
- 763-731-0250
- Size
- 1,799 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- RIVER RD AC 10.12 95A B1 8
- Tax Annual Amount
- 235179
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1967
- Floors in Building
- 1
- Flooring type
- Wood, Carpet, Vinyl
- Building materials
- Brick, Drywall, Hardboard, WoodSiding
- Roof type
- Tile
- Architectural style
- Colonial
- Additional Structures
- Storage
Listing Agency
Shaheen Ruth Martin & Fonville
(804) 288-2100
420 N Ridge Rd, Richmond, VA
Listed by
Greg Somerville · License #0225252731
(804) 551-4449
Added: May 30 Checked: Jul 18 at 4:06 am
MLS# 2614645
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.
Investment Insights
Based on property information with market context.
This first-floor, one-level residence in the gated Chatham Square cooperative offers no interior stairs and a flexible layout designed for convenient lock-and-leave living. The home features three bedrooms, with one currently used as a study, along with two full bathrooms and one half bath. Hardwood floors run through the main living areas and bedrooms, and the light-filled living room opens to the dining area. A gas fireplace and a freshly carpeted sunroom add comfortable gathering space, and the sunroom includes abundant windows plus a door to the park-like backyard. The kitchen has been freshly painted and includes Corian countertops, generous cabinet storage, and a new dishwasher, with space for a small table.
Chatham Square is set on more than 10 acres of maintained grounds, with private roads and charming courtyards. The community provides 24-hour on-site security, along with exterior and grounds maintenance. Monthly association fees cover real estate taxes. The property is less than one mile from the University of Richmond and near the Country Club of Virginia, dining, shopping, and local neighborhood favorites.
For buyers seeking a low-maintenance cooperative setting, this layout supports everyday usability with its all-on-one-level arrangement, plus dedicated indoor space for work or study. The combination of updated kitchen features, hardwood flooring, and outdoor access through the sunroom helps make the home practical for both full-time living and extended absences.
Chatham Square is set on more than 10 acres of maintained grounds, with private roads and charming courtyards. The community provides 24-hour on-site security, along with exterior and grounds maintenance. Monthly association fees cover real estate taxes. The property is less than one mile from the University of Richmond and near the Country Club of Virginia, dining, shopping, and local neighborhood favorites.
For buyers seeking a low-maintenance cooperative setting, this layout supports everyday usability with its all-on-one-level arrangement, plus dedicated indoor space for work or study. The combination of updated kitchen features, hardwood flooring, and outdoor access through the sunroom helps make the home practical for both full-time living and extended absences.
Key Highlights
- One‑level, first‑floor living with no interior stairs in the gated cooperative community of Chatham Square
- 3 bedrooms plus a flexible study/3rd bedroom configuration, with two full baths and one half bath
- Gas fireplace in the light‑filled living room, plus a sunroom with newly carpeted flooring and access to the park‑like backyard
Local Financial Insights For Apartment 5plus
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 | $34.8k | $19.32 |
| − Vacancy | −$3.1k | −$1.74 |
| EGI | $31.6k | $17.58 |
| − OpEx | −$14.2k | −$7.91 |
| NOI | $17.4k | $9.67 |
1,799 SF · lease $19.32/SF/yr · vacancy 9.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$248.5K
$217.5K – $289.9K
NOI $17,396 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$312.3K
$273.2K – $364.3K
NOI $21,858 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Single-level home in a gated cooperative with 24-hour security, updated kitchen, sunroom, and private backyard setting.
Where is this residential income property located?
The property is located at 6161 River Road Henrico, VA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: One‑level, first‑floor living with no interior stairs in the gated cooperative community of Chatham Square; 3 bedrooms plus a flexible study/3rd bedroom configuration, with two full baths and one half bath; Gas fireplace in the light‑filled living room, plus a sunroom with newly carpeted flooring and access to the park‑like backyard
