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18-Unit Apartment Building
For Sale
Contact for pricing
Pending

1140 W Grace St, Richmond, VA 23220

Two-bedroom and one-bedroom floorplans include balconies, parking, and resident laundry.

Property SizeContact for details
Days on Market145

Property Features for 1140 W Grace St

General Information

Standard status Pending
Property subtype Multifamily

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 6 x 2BR, 12 x 1BR
Multifamily Units 18

Amenities

laundry facility
balconies
parking
Listing Agency: Colliers - Richmond, Virginia
Listed By: Garrison Gore · License #VA 225239707
Source: Crexi
Added: Apr 12 Changed: Sep 2 Last Checked: Sep 1 at 4:30AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Richmond, Virginia

Investment Insights

Based on property information with market context.

This apartment property at 1140 W Grace St includes 18 units arranged as six two-bedroom residences and twelve one-bedroom residences. The apartments feature spacious floorplans, while resident amenities include a laundry facility, balconies, and on-site parking.

The property is located in Richmond’s Fan district, minutes from Scott’s Addition and downtown Richmond. Residents also have immediate access to the Richmond GRTC Pulse Line, with the area’s primary thoroughfares and interstate systems nearby.

The unit mix provides a combination of one-bedroom and two-bedroom layouts within a multifamily asset supported by transit access and several resident-oriented features.

Key Highlights

  • 18‑unit multifamily property with six two‑bedroom units and twelve one‑bedroom units
  • Spacious floorplans across both one‑bedroom and two‑bedroom layouts
  • Resident laundry facility, balconies, and parking

Property Analytics

Current Use

1140 West Grace Apartment Complex

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Carpet & Flooring Store Pet Grooming Service Plumbing Service Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,253
Businesses Nearby

Demographics for 23220, VA

36,942
Population
16,561
Households
2.2
Avg Household Size
27
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
7,696
Density / Sq Mi
$56,681
Median Household Income
$33,249
Median Earnings
$1,354
Median Rent
$468,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-bedroom and one-bedroom floorplans include balconies, parking, and resident laundry.
Where is this apartment building located?
The property is located at 1140 W Grace St Richmond, VA.
What are key features of this property?
This property features: 18‑unit multifamily property with six two‑bedroom units and twelve one‑bedroom units; Spacious floorplans across both one‑bedroom and two‑bedroom layouts; Resident laundry facility, balconies, and parking
More about this property
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