117 W 10th Street, Richmond, VA 23224
- Added:
- Jun 3, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 5 at 8:06 am
Property Features for 117 W 10th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Parking features
- Assigned, Garage, Off Street
- Window features
- Screens
- Patio and Porch features
- Porch
- Interior features
- CeilingFans, GraniteCounters, HighCeilings, BathInPrimaryBedroom, WalkInClosets
- Appliances
- ElectricWaterHeater
- Standard status
- Pending
- APN
- S0000041062
- Size
- 2,764 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- MANCHESTER GARDENS L32 S1
- Tax Annual Amount
- 2664
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 3
- Number of units
- 2
- Building materials
- Drywall, Frame, HardiplankType
- Roof type
- Flat
- Architectural style
- Contemporary
Listing agent Christopher Blake License #0225061328 (804) 363-9177
Listing office Monroe Properties 116 E Franklin St, Richmond, VA (804) 643-3098
Listing date Jun 3, 2026
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.
HighLights
- New construction scheduled for completion in November 2026 (Year built: 2026)
- Duplex‑style layout: downstairs has 2 bedrooms and 2 baths; upstairs has 3 bedrooms and 3 baths
- Downstairs features include LVP floors and quartz countertops
- Upstairs features include wood floors in living room/kitchen/master bedroom/stairs/hallways; ceramic tile in bathrooms; quartz kitchen countertops
- Appliances and utilities include electric water heater with public water and public sewer
- Flat roof with Hardiplank‑type exterior and drywall construction; porch and assigned/garage/off‑street parking
Overview
Located in historic Manchester in Richmond, VA, the property is positioned for convenient access to downtown and the James River Park System. The area also includes new restaurants and breweries, supporting a lively nearby tenant and lifestyle environment.
For buyers seeking a residential income property, this duplex offers a straightforward two-unit setup with distinct bedroom and bath configurations between the lower and upper levels. The modern interior finish package includes quartz surfaces and durable flooring materials, which can help reduce turnover friction. The scheduled November 2026 completion provides a defined timeline for an owner-operator or investor preparing to take occupancy at delivery.
Local 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 | $55.7k | $20.16 |
| − Vacancy | −$3.6k | −$1.31 |
| EGI | $52.1k | $18.85 |
| − OpEx | −$15.6k | −$5.65 |
| NOI | $36.5k | $13.19 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.443672
- Latitude
- 37.523481
