Duplex with
For Sale
$699,000
Pending
1025 Taylor Avenue, Richmond, VA 23225
MULTI_FAMILY - Colonial - Richmond, VA
Property Size2,696 SF
Lot Size0.21 Acres
Days on Market57
Property Features for 1025 Taylor Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-4
Rooms
Basement
Parking features
Alley, On Street, Garage
Patio and Porch features
Deck
Interior features
Fireplace, GraniteCounters
Exterior features
Storage, Shed
Fencing
Fenced
Fireplace
1
Appliances
GasWaterHeater
Subdivision
Forest Hill Terrace
Lot features
Level
Elementary school
Westover Hills
Middle school
Lucille Brown
High school
Richmond High School for the Arts
Standard status
Pending
APN
S000-3055-027
Size
2,696 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FOREST HILL TERRACE L13 B7 0060.00X0150.00 0000.000
Tax Annual Amount
7812
Legal Description
FOREST HILL TERRACE L13 B7 0060.00X0150.00 0000.000
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1938
Floors in Building
2
Number of units
2
Building materials
Brick, Plaster
Roof type
Slate
Architectural style
Colonial
Additional Structures
Storage
Listing Agency:
MSE Properties
(804) 358-0747
Listed By:
Matthew Smith · License #0225086338
(804) 833-6377
Added: Jun 10
Changed: Aug 2
Last Checked: Aug 5 at 6:06PM
MLS# 2615760
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 updated Colonial duplex features a brick and plaster exterior and a slate roof, with a fireplace in the living area. Apartment 1 includes two bedrooms, a full bath, a living room with fireplace, a large dining room, and in-unit stack washer and dryer, plus additional washer and dryer in the basement. Apartment 2 has a similar layout and adds an extra 500 square feet of heated and cooled space on the 3rd floor, suited for a den, studio, or additional bedroom. Both units have individually accessed separated basements, garage spaces, and back yards.
Recent improvements include regularly serviced boiers, newer hot water heaters, a newer AC unit upstairs (2021), and a brand new heat pump downstairs. The property also received fresh interior and exterior paint in 2025, with new Quartz kitchen counters in 2025 and new LVP in the kitchens. A deck and fenced yard are included, along with storage and a shed.
The home is supported by public water and public sewer, and parking includes on-street access plus garage and alley options. Built in 1938, the duplex offers a practical two-unit configuration for both rental and owner-occupant use.
Recent improvements include regularly serviced boiers, newer hot water heaters, a newer AC unit upstairs (2021), and a brand new heat pump downstairs. The property also received fresh interior and exterior paint in 2025, with new Quartz kitchen counters in 2025 and new LVP in the kitchens. A deck and fenced yard are included, along with storage and a shed.
The home is supported by public water and public sewer, and parking includes on-street access plus garage and alley options. Built in 1938, the duplex offers a practical two-unit configuration for both rental and owner-occupant use.
Key Highlights
- 0.2066‑acre duplex with 2 independently served units and individually accessed basement, garage, and back yards
- Apartment 2 includes an extra 500 SF heated and cooled 3rd‑floor space
- Newer AC upstairs (2021), brand new heat pump downstairs, and newer hot water heaters
Financial Insights For Multifamily LT 5
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 | $54.4k | $20.16 |
| − Vacancy | −$3.5k | −$1.31 |
| EGI | $50.8k | $18.85 |
| − OpEx | −$15.2k | −$5.65 |
| NOI | $35.6k | $13.19 |
2,696 SF · lease $20.16/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$508.2K
$444.7K – $592.9K
NOI $35,573 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$477.1K
$417.5K – $556.7K
NOI $33,399 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$622.9K
$545.0K – $726.7K
NOI $43,601 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 23225, VA
40,876
Population
21,545
Households
1.9
Avg Household Size
38
Median Age
41%
College-Educated
91%
High-School Grad
13.9 sq mi
ZIP Area
2,941
Density / Sq Mi
$60,865
Median Household Income
$43,550
Median Earnings
$1,311
Median Rent
$292,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with fireplaces, two units with in-unit laundry, and independently accessed basements, garages, and back yards.
Where is this duplex located?
The property is located at 1025 Taylor Avenue Richmond, VA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 0.2066‑acre duplex with 2 independently served units and individually accessed basement, garage, and back yards; Apartment 2 includes an extra 500 SF heated and cooled 3rd‑floor space; Newer AC upstairs (2021), brand new heat pump downstairs, and newer hot water heaters
