Brick Triplex with Updated
1300 FLOYD AVE Richmond, VA 23220
For Sale
Contact for pricing
Triplex unit mix offers two one-bedroom apartments and one two-bedroom, two-bath unit, with recent capital improvements.
Property Size3,286 SF
Price / SF$296.71
Days on Market71
Property Features for 1300 FLOYD AVE
General Information
- Standard status
- Active
- Size
- 3,286 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1910
Listing Agency:
One South Commercial
(804) 353-0009
Listed By:
Tom Rosman · License #VA 0225030879
Source:
Crexi
Added: May 15
Changed: Jul 23
Last Checked: Jul 24 at 4:17PM
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.
This brick triplex at 1300 Floyd Ave features a unit mix of (2) one-bedroom apartments and (1) two-bedroom/two-bath apartment. The property includes recent capital improvements, including an updated roof, window improvements, kitchen improvements, and hot water heater replacements.
The building is located in the Fan District and sits directly adjacent to VCU.
With its historic brick architecture and completed upgrades to key building components, the property is well suited for income-focused buyers seeking a straightforward residential income asset with a mix of apartment layouts.
The building is located in the Fan District and sits directly adjacent to VCU.
With its historic brick architecture and completed upgrades to key building components, the property is well suited for income-focused buyers seeking a straightforward residential income asset with a mix of apartment layouts.
Key Highlights
- Triplex with a unit mix of (2) 1‑bedroom apartments and (1) 2‑bedroom, 2‑bath apartment
- Built in 1910 with historic brick architecture
- Recent capital improvements including an updated roof
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.2k | $20.16 |
| − Vacancy | −$4.3k | −$1.31 |
| EGI | $61.9k | $18.85 |
| − OpEx | −$18.6k | −$5.65 |
| NOI | $43.4k | $13.19 |
3,286 SF · lease $20.16/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$619.4K
$542.0K – $722.6K
NOI $43,358 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$581.5K
$508.9K – $678.5K
NOI $40,708 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$759.2K
$664.3K – $885.7K
NOI $53,142 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex unit mix offers two one-bedroom apartments and one two-bedroom, two-bath unit, with recent capital improvements.
Where is this triplex located?
The property is located at 1300 FLOYD AVE Richmond, VA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Triplex with a unit mix of (2) 1‑bedroom apartments and (1) 2‑bedroom, 2‑bath apartment; Built in 1910 with historic brick architecture; Recent capital improvements including an updated roof
