Richmond Multifamily Investment
2000 Lamb Ave Richmond, VA 23222
For Sale
$1,195,000
Pending
Value-add multifamily property with strong occupancy and upside potential.
Days on Market95
Property Features for 2000 Lamb Ave
General Information
Standard status
Pending
Property subtype
Investment
Building Details
Year Built
1969
Listing Agency:
One South Commercial
(804) 539-3017
Listed By:
Thomas Rosman · License #0225191850
(804) 539-3017
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 11:06AM
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.
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.
Key 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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
