Building Details

Tenancy Multi

Listing Agency: Feldman Ruel

Listed By: Christopher Chadwick · License #VA 0225206248

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Aug 10 at 3:36PM

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Investment Insights

Based on property information with market context.

Key Highlights

• 49‑unit townhouse‑style complex in Richmond, VA
• Unit mix: 43 two‑bedroom (2.5 bath), 4 three‑bedroom (1.5 bath), and 2 one‑bedroom units
• Sits on 3.63 acres with room for additional outdoor amenities

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply Spa & Massage Center Skin Care Clinic

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

49

Residential units

Multi-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

429

Businesses Nearby

Explore this area Business Placement

Demographics for 23224, VA

39,468

Population

18,201

Households

2.2

Avg Household Size

33

Median Age

19%

College-Educated

80%

High-School Grad

11.6 sq mi

ZIP Area

3,402

Density / Sq Mi

$49,263

Median Household Income

$36,275

Median Earnings

$1,268

Median Rent

$189,200

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

Where is this apartment building located?

The property is located at 4870 Warwick Rd Richmond, VA.

What are key features of this property?

This property features: 49‑unit townhouse‑style complex in Richmond, VA; Unit mix: 43 two‑bedroom (2.5 bath), 4 three‑bedroom (1.5 bath), and 2 one‑bedroom units; Sits on 3.63 acres with room for additional outdoor amenities