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Renovated 18-Unit Apartment Building
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1207-1209 W 47th St, Richmond, VA 23225

Multifamily property with onsite laundry, included water and trash utilities, and rear off-street parking.

Property SizeContact for details
Days on Market146

Property Features for 1207-1209 W 47th St

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 9 x 2B/1B, 8 x 2B/2B, 1 x 1B/1B
Multifamily Units 18

Amenities

water/trash utilities included
onsite laundry
pre-wiring for FiOS

Building Details

Year Renovated 2015
Buildings 1
Listing Agency: One South Commercial
Listed By: Tom Rosman · License #VA 0225030879
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 3:07PM

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 One South Commercial

Investment Insights

Based on property information with market context.

This 18-unit apartment property on W 47th Street includes nine two-bedroom, one-bath residences, eight two-bedroom, two-bath residences, and one one-bedroom, one-bath residence. The building received a comprehensive renovation in 2015, with work covering HVAC, plumbing, electrical systems, kitchens, bathrooms, flooring, and windows. Pre-wiring for FiOS, onsite laundry, and rear off-street parking support the residential configuration.

The property is in Richmond’s Forest Hill Terrace neighborhood, near Forest Hill Park and the James River Park System. Shops and restaurants are located near the Westover Hills Boulevard and Forest Hill Avenue intersection. Water and trash utilities are included, and the property has a reported 100% occupancy history.

Key Highlights

  • 18 units with nine 2B/1B, eight 2B/2B, and one 1B/1B residences
  • Complete renovation completed in 2015, including HVAC, plumbing, electrical, kitchens, bathrooms, flooring, and windows
  • Reported 100% occupancy history

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Law Firm Hair Salon Spa & Massage Center Parking Lot & Garage Nail Salon

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

Location Intelligence

Trade Area within ½ mile

405
Businesses Nearby

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

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 - Multifamily property with onsite laundry, included water and trash utilities, and rear off-street parking.
Where is this apartment building located?
The property is located at 1207-1209 W 47th St Richmond, VA.
What are key features of this property?
This property features: 18 units with nine 2B/1B, eight 2B/2B, and one 1B/1B residences; Complete renovation completed in 2015, including HVAC, plumbing, electrical, kitchens, bathrooms, flooring, and windows; Reported 100% occupancy history
(804) 266-8831 Call to check price and availability
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