1970s Multifamily Apartment
For Sale
Contact for pricing
Pending
20900 Riverterrace Rd, Petersburg, VA 23803
Well-maintained multifamily asset built in the 1970s with 128 two-bedroom units.
Property SizeContact for details
Days on Market140
Property Features for 20900 Riverterrace Rd
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
128
Listing Agency:
Colliers - Richmond, Virginia
Listed By:
Garrison Gore · License #VA 225239707
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Aug 29 at 8:20AM
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 Colliers - Richmond, Virginia
Investment Insights
Based on property information with market context.
River Road Terrace is a well-maintained multifamily apartment community constructed in the 1970s. The property contains 128 two-bedroom units with spacious floorplans. The asset includes vast greenspace, and it has scope for value enhancement through unit interior renovations, exterior improvements, and amenity upgrades.
The community is located in the Ettrick area within Chesterfield County, and the remarks note it is minutes from SouthPark mall, Virginia State University, Fort Lee, and Interstates 95 and 85.
As presented, River Road Terrace offers an execution-focused investment opportunity centered on renovations and amenity enhancement to help the property better compete with comparable communities.
The community is located in the Ettrick area within Chesterfield County, and the remarks note it is minutes from SouthPark mall, Virginia State University, Fort Lee, and Interstates 95 and 85.
As presented, River Road Terrace offers an execution-focused investment opportunity centered on renovations and amenity enhancement to help the property better compete with comparable communities.
Key Highlights
- Well‑maintained multifamily asset built in the 1970s
- 128 two‑bedroom units with spacious floorplans
- Vast greenspace on site
Property Analytics
Current Use
Lease Details
128
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
Demographics for 23803, VA
44,377
Population
19,826
Households
2.2
Avg Household Size
36
Median Age
24%
College-Educated
88%
High-School Grad
72.2 sq mi
ZIP Area
615
Density / Sq Mi
$55,820
Median Household Income
$35,122
Median Earnings
$1,132
Median Rent
$208,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained multifamily asset built in the 1970s with 128 two-bedroom units.
Where is this apartment building located?
The property is located at 20900 Riverterrace Rd Petersburg, VA.
What are key features of this property?
This property features: Well‑maintained multifamily asset built in the 1970s; 128 two‑bedroom units with spacious floorplans; Vast greenspace on site
