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Richmond Multifamily Investment Opportunity

2000 Lamb Ave, Richmond, VA 23222

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For Sale

$1,195,000

Value-add multifamily property with strong occupancy and upside potential.

Type:Investment

HighLights

Stabilized multifamily asset with immediate cash flow and upside potential.
Six of eight units fully renovated with modern kitchens & bathrooms and in‑unit washer/dryers.
Substantial capital improvements completed: exterior painting, window replacement, and parking lot paving.
Value‑add opportunity through renovation of remaining two units.
Below‑market rents offer potential for strategic rent growth.
Strong historical occupancy and long‑term appreciation potential.

We can help!

Listing Contact

Thomas Rosman

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For Sale

$1,195,000

Value-add multifamily property with strong occupancy and upside potential.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 5:47 pm

Property Features for 2000 Lamb Ave

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1969

We can help!

Listing Contact

Thomas Rosman

Listing agent Thomas Rosman License #0225191850

Listing office One South Commercial

Listing date Apr 24, 2026

Source Elliman

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

HighLights

Stabilized multifamily asset with immediate cash flow and upside potential.
Six of eight units fully renovated with modern kitchens & bathrooms and in‑unit washer/dryers.
Substantial capital improvements completed: exterior painting, window replacement, and parking lot paving.
Value‑add opportunity through renovation of remaining two units.
Below‑market rents offer potential for strategic rent growth.
Strong historical occupancy and long‑term appreciation potential.

Overview

2000 Lamb Avenue is a multifamily property in Richmond featuring eight apartment units. The property has a history of strong occupancy and offers immediate cash flow with potential for increased value. Substantial capital improvements have been completed, including full renovations of six of the eight units, exterior painting, window replacement as needed, and paving of the rear parking lot. The renovated units include modern finishes in the kitchen and bathroom, as well as in-unit washer and dryers. There is a value-add opportunity through the renovation of the remaining two units. Current rents are slightly below market, providing investors the ability to capture further upside through strategic rent growth as units turn and market conditions continue to strengthen. The property is located in an area of Richmond that continues to see reinvestment and neighborhood improvement. The property benefits from solid fundamentals, strong occupancy, and long-term appreciation potential. It is suited for investors seeking a balance of stable income today with meaningful upside.

Location Intelligence

Current Use by Public Records

Lamb Avenue Apartments Apartment Building

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Location Insight

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Local Demand

City: Richmond
County: Richmond City
State: Virginia
Longitude: -77.4315298
Latitude: 37.5602749

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For sale
Apartment buildings
VA
Richmond
23222
2000 Lamb Ave

What type of property is this?

Apartment building - Value-add multifamily property with strong occupancy and upside potential.

Where is this apartment building located?

The property is located at 2000 Lamb Ave Richmond, VA.

What is the asking price?

The asking price for this property is $1,195,000.

What are key features of this property?

This property features: Stabilized multifamily asset with immediate cash flow and upside potential.; **Six of eight units fully renovated with modern kitchens & bathrooms and in‑unit washer/dryers.**; Substantial capital improvements completed: exterior painting, window replacement, and parking lot paving.