Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    618 N 32Nd St Richmond, VA 23223

    For Sale
    $995,000

    MULTI_FAMILY - Other - Richmond, VA

    Property size:
    2,700 SF
    Lot size:
    0.06 Acres
    Days on Market:
    13
    Last Refresh:
    Dec 7 at 11:06 am

    Property Features for 618 N 32Nd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    E000-0728-003
    Parking features
    Parking Lot, Alley
    Patio and Porch features
    Deck
    Interior features
    BedroomOnMainLevel, GraniteCounters, HighCeilings, KitchenIsland, MainLevelPrimary, RecessedLighting
    Fencing
    Fenced
    Appliances
    ElectricWaterHeater
    Size
    2,700 SF
    Lot size
    0.06 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1925
    Floors in Building
    2
    Number of units
    4
    Building materials
    Brick, Drywall, Frame
    Roof type
    Flat, Slate
    Architectural style
    Other

    eXp realty (804) 335-6767 [email protected]

    Listing agent Corey Chandler (804) 729-5188 License #0225241753

    Listing date Nov 25, 2025

    MLS# 2530529 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

    Renovated Richmond Quadplex Investment

    This Richmond property presents an investment opportunity with a gross annual income of $96,000 and a 9.2% capitalization rate. The fully renovated 4-unit property delivers a high rental rate per unit among quadplex sales in the Downtown Richmond area. Long-term tenants are in place, and quality upgrades are present throughout. Each unit is on a 3-year lease, generating a combined annual gross rent of $96,000. The property size is 2700 square feet, situated on a lot of 0.0632 acres. Also offered with the sale is 3108 E Leigh St Rear for parking with the ability to add paid parking for neighboring tenants. Another property at 620 N 32nd is also for sale with an identical offering and preferred to sell together.
    Property Profile Location Intelligence

    Current Use by Public Records

    Community Alternatives Consortium Home Health Care Service Colcafe Coffee Cartel Coffee Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery 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
    -77.409509
    Latitude
    37.531199

    Nearby Similar for Sale

    • $1,200,000
      0.14 Acres

      Historic Richmond Office Building Auction

      Iconic office building in Richmond's Central Business District.
      819 E Main St, Richmond, VA 23219
      View Details
    • $599,950
      3,356 SF

      Modern Duplex in Richmond's Northside

      Renovated duplex with strong rental potential in thriving Richmond community.
      2111 North Ave, Richmond, VA 23222
      View Details
    • $300,000
      Pending

      Renovated Quadplex Near VCU

      Updated quadplex near VCU, offering strong rental income potential.
      1209 Wallace St, Richmond, VA 23220
      View Details
    • $495,000
      2,663 SF

      Richmond Duplex Near VCU Campus

      Duplex near VCU campus, offering flexibility for owners and tenants.
      615 Idlewood Ave, Richmond, VA 23220
      View Details
    • New
      $349,900
      3,416 SF

      Richmond Duplex on Semmes Avenue

      Over/under duplex with development potential near Semmes Avenue.
      3318 Semmes Ave, Richmond, VA 23225
      View Details
    • New
      $695,000
      2,764 SF

      New Construction Multifamily in Richmond

      New construction duplex near downtown Richmond, completion January 2026.
      905 Bainbridge St, Richmond, VA 23224
      View Details

    FAQs

    What type of property is this?
    Quadplex - Turnkey, fully renovated 4-unit property with high rental income.
    Where is this quadplex located?
    The property is located at 618 N 32Nd St Richmond, VA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - High Gross Annual Income: $96,000 with an impressive 9.2% CAP rate.; - Fully Renovated and Turnkey: This property requires minimal ongoing maintenance.; - Highest Rental Rate: Achieves the highest rental rate per unit among quadplex sales in Downtown Richmond.
    (804) 729-5188
    Request Owner's contact information
    618 N 32Nd St Richmond, VA 23223
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    618 N 32Nd St
    Richmond, VA 23223
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    618 N 32Nd St Richmond, VA 23223
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.