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Historic Multifamily Building
For Sale
Contact for pricing
Pending

114 Virginia St, Richmond, VA 23219

Renovated 2015 three-story building with 48 units, including studios, 1BR/1BA, and 2BR/1BA layouts.

Property SizeContact for details
Lot Size0.27 Acres
Days on Market574

Property Features for 114 Virginia St

General Information

Standard status Pending
Lot size 0.27 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 48

Building Details

Year Built 1878
Year Renovated 2015
Buildings 1
Stories 3
Units 48
Listing Agency: Marcus & Millichap - Hampton Roads
Listed By: Altay Uzun · License #VA 0225214405
Source: Crexi
Added: Feb 11, 2025 Changed: Aug 8 Last Checked: Jul 24 at 4:58PM

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 Marcus & Millichap - Hampton Roads

Investment Insights

Based on property information with market context.

The Hill Building is a historic three-story multifamily property built in 1878 and renovated in 2015. The building contains 48 total units, including 11 studio units, 10 one-bedroom one-bathroom units, and nine two-bedroom one-bathroom units.

The property is located at 114 Virginia Street in Richmond, in the Shockoe Slip neighborhood. It is situated on 0.27 acres.

The unit mix spans studio through two-bedroom one-bathroom configurations, offering multiple residential options within a single, centrally managed building.

Key Highlights

  • Built in 1878, renovated in 2015, 3‑story multifamily building
  • Total of 48 units across one building on 0.27 acres
  • Unit mix includes 11 studio units

Property Analytics

Current Use

Big Mouth Media ... Marketing & Advertising The Hill Building Apartment Building Hochheiser Ross C Interior Design

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Tanning Salon Plumbing Service Clothing & Fashion Store Mobile Phone Store

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

48
Residential units

Location Intelligence

Trade Area within ½ mile

6,767
Businesses Nearby

Demographics for 23219, VA

5,307
Population
3,488
Households
1.5
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
1.3 sq mi
ZIP Area
4,082
Density / Sq Mi
$62,533
Median Household Income
$46,509
Median Earnings
$1,439
Median Rent
$287,500
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

What type of property is this?
Apartment building - Renovated 2015 three-story building with 48 units, including studios, 1BR/1BA, and 2BR/1BA layouts.
Where is this apartment building located?
The property is located at 114 Virginia St Richmond, VA.
What are key features of this property?
This property features: Built in 1878, renovated in 2015, 3‑story multifamily building; Total of 48 units across one building on 0.27 acres; Unit mix includes 11 studio units
More about this property
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