Richmond Multifamily Investment Opportunity

2513 Bainbridge St, Richmond, VA 23225

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For Sale

$249,900

Four-unit property near downtown Richmond with income potential.

Type:Investment

Property size:

1,200 SF

Price / SF:

$208/SF

HighLights

Four 1‑bedroom, 1‑bath units, offering investment opportunity.
Centrally located with easy access to downtown Richmond, major highways, public transportation, and local dining and shopping.
Additional unit provides flexible common area space.
Off‑street parking and fully fenced lot.
Zoned heating and cooling in each unit.
Metal roof and vinyl siding.

We can help!

Listing Contact

James Nay

Learn more

For Sale

$249,900

Four-unit property near downtown Richmond with income potential.

Type:Investment

Property size:

1,200 SF

Price / SF:

$208/SF

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 5:47 pm

Property Features for 2513 Bainbridge St

General Information

Standard status: Active
Size: 1,200 SF
Property subtype: Investment

Building Details

Year Built: 1919

We can help!

Listing Contact

James Nay

Listing agent James Nay

Listing office

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 James Nay

HighLights

Four 1‑bedroom, 1‑bath units, offering investment opportunity.
Centrally located with easy access to downtown Richmond, major highways, public transportation, and local dining and shopping.
Additional unit provides flexible common area space.
Off‑street parking and fully fenced lot.
Zoned heating and cooling in each unit.
Metal roof and vinyl siding.

Overview

Located in the Hollands Addition neighborhood of Richmond, this two-story multifamily property presents an investment opportunity. Constructed in 1919, the building contains four one-bedroom, one-bath units, each offering approximately 300 square feet of living space. Each unit is equipped with an electric stove and refrigerator, and features zoned heating and cooling. An additional unit provides flexible space that can be used as a common area. A common-area washer and dryer are available for residents. Exterior features include vinyl siding, a metal roof, and a fully fenced lot. Off-street parking is available. The property also includes a covered front porch and a detached shed in the backyard for storage. The property is centrally located with convenient access to downtown Richmond, major highways, public transportation, and local dining and shopping.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$24.2k	$20.16
− Vacancy	−$1.6k	−$1.31
EGI	$22.6k	$18.85
− OpEx	−$6.8k	−$5.65
NOI	$15.8k	$13.19

1,200 SF · lease $20.16/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$226.2K

$197.9K – $263.9K (±1% cap)

NOI $15,834 @ 7.0% cap · market cap 6.34%

Second Best

Apartment 5plus

$212.4K

$185.8K – $247.8K (±1% cap)

NOI $14,866 @ 7.0% cap · market cap 5.95%

Theoretical Best

Office A

$277.2K

$242.6K – $323.5K (±1% cap)

NOI $19,407 @ 7.0% cap · market cap 7.77%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Richmond
County: Richmond City
State: Virginia
Longitude: -77.4568803
Latitude: 37.5163724

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For sale
Quadplexes
VA
Richmond
23225
2513 Bainbridge St

What type of property is this?

Quadplex - Four-unit property near downtown Richmond with income potential.

Where is this quadplex located?

The property is located at 2513 Bainbridge St Richmond, VA.

What is the asking price?

The asking price for this property is $249,900.

What are key features of this property?

This property features: Four 1‑bedroom, 1‑bath units, offering investment opportunity.; Centrally located with easy access to downtown Richmond, major highways, public transportation, and local dining and shopping.; Additional unit provides flexible common area space.