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    1109-1111 W Franklin St Richmond, VA 23220

    For Sale
    $1,295,000

    Multifamily building in VCU area with onsite parking.

    Property size:
    8,008 SF
    Lot size:
    0.93 Acres

    Property Features for 1109-1111 W Franklin St

    General Information

    Size
    8,008 SF
    Lot size
    0.93 Acres

    Source: S.L. Nusbaum Realty Co - Corporate Agent Andrew Pegalis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    VCU Area Multifamily Building

    This multifamily building is located in the VCU area and features onsite parking. The property has a new roof and may qualify for Historic Tax Credits. The building has a size of 8,008 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -77.4552344
    Latitude
    37.5506876

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    FAQs

    What type of property is this?
    Apartment building - Multifamily building in VCU area with onsite parking.
    Where is this apartment building located?
    The property is located at 1109-1111 W Franklin St Richmond, VA.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - Prime VCU location; - Onsite parking; - New roof
    (804) 678-8816
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    1109-1111 W Franklin St Richmond, VA 23220
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    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
    1109-1111 W Franklin St Richmond, VA 23220
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