26-Unit Multifamily Investment
For Sale
$2,500,000
Pending
401 E Brookland Park Blvd, Richmond, VA 23222
All-brick multifamily complex with 2-bedroom and studio units.
Property SizeContact for details
Days on Market104
Property Features for 401 E Brookland Park Blvd
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1967
Listing Agency:
River City Elite Properties - Real Broker
(804) 651-4710
Listed By:
Phillip Hughes
(804) 651-4710
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 5 at 8:07AM
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 River City Elite Properties - Real Broker
Investment Insights
Based on property information with market context.
This multifamily property features 26 units, including 18 two-bedroom, one-bath apartments and 8 one-bath studio units. The complex is constructed with a brick exterior and newer vinyl windows. Six units have been recently renovated and are rent-ready. The property is located in a walkable area with some transit options and is bikeable. The current monthly rental income is $14,572. Market rents are projected at $1,000 per month for the efficiency units and $1,200 per month for the two-bedroom units.
Key Highlights
- High Income Potential: Projected market rents of $1,000/month for efficiency units and $1,200/month for 2‑bedroom units.
- Immediate Cash Flow: Six recently renovated, rent‑ready units.
- Low‑Maintenance: Features a durable brick exterior and newer vinyl windows.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 23222, VA
24,337
Population
11,762
Households
2.1
Avg Household Size
37
Median Age
32%
College-Educated
90%
High-School Grad
8.2 sq mi
ZIP Area
2,968
Density / Sq Mi
$58,105
Median Household Income
$37,137
Median Earnings
$1,181
Median Rent
$252,000
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?
Apartment building - All-brick multifamily complex with 2-bedroom and studio units.
Where is this apartment building located?
The property is located at 401 E Brookland Park Blvd Richmond, VA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: High Income Potential: Projected market rents of $1,000/month for efficiency units and $1,200/month for 2‑bedroom units.; Immediate Cash Flow: Six recently renovated, rent‑ready units.; Low‑Maintenance: Features a durable brick exterior and newer vinyl windows.
