Brick
1313 Byron St, Henrico, VA 23222
For Sale
New
$485,000
Separate utility meters serve each residence, with individual rear decks and a detached storage shed.
Property Size2,112 SF
Price / SF$229.64
Days on Market6
Property Features for 1313 Byron St
General Information
Standard status
Size
Property subtype
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
vinyl replacement windows
hardwood floors
gas furnace heat
individual window units for A/C
private rear decks
covered rear stoop
detached storage shed
gravel driveway
Building Details
Year Built
Construction
Listing Agency:
Samson Properties
(804) 430-9410
Listed By:
The Elliott Real Estate Team
(804) 404-5566
Source:
Elliottreteam
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 5:53AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 2,112-square-foot duplex, built in 1939, has one occupied residence and one vacant residence. The brick exterior is complemented by vinyl replacement windows and hardwood flooring. Each unit has a separate utility meter, a private rear deck, and individual window air-conditioning units. Gas furnaces provide heat; one is 1 year old and the other is 6 years old.
A covered rear stoop, detached backyard storage shed, and large gravel driveway are also part of the property. The bitumen roof and attic insulation are approximately 8 years old.
A covered rear stoop, detached backyard storage shed, and large gravel driveway are also part of the property. The bitumen roof and attic insulation are approximately 8 years old.
Key Highlights
- 2,112‑square‑foot duplex built in 1939
- One residence occupied and one vacant
- Separate utility meters for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,876
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,520
$457.5K
Cap Rate 7%
$326,800
$326.8K
Cap Rate 9%
$254,178
$254.2K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$35.7K $16.92/SF
− Vacancy
−$3.1K −$1.45/SF
EGI
$32.7K $15.47/SF
− OpEx
−$9.8K −$4.64/SF
NOI
$22.9K $10.83/SF
Area
Richmond City County, VA
Vacancy
8.55%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,520
Cap Rate 7%
$326,800
Cap Rate 9%
$254,178
Alternative Uses
Best Use
Multifamily LT 5
$326.8K
$286.0K – $381.3K
NOI $22,876 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$291.7K
$255.3K – $340.4K
NOI $20,422 @ 7.0% cap · market cap 4.21%
Theoretical Best
Mixed Use
$366.6K
$320.8K – $427.7K
NOI $25,661 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 23222, VA
24,337
Population
11,762
Households
2.1
Avg Household Size
37
Median Age
32%
College-Educated
90%
High-School Grad
8.2 sq mi
ZIP Area
2,968
Density / Sq Mi
$58,105
Median Household Income
$37,137
Median Earnings
$1,181
Median Rent
$252,000
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Richmond City County, VA
Properties on Market for Duplexes in Richmond City County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters serve each residence, with individual rear decks and a detached storage shed.
Where is this duplex located?
The property is located at 1313 Byron St Henrico, VA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 2,112‑square‑foot duplex built in 1939; One residence occupied and one vacant; Separate utility meters for both units
