Historic Restored
For Sale
$539,900
133 W Jackson St, Richmond, VA 23220
Two separately entered residences offer updated kitchens, in-unit laundry, and individual utility service.
Property Size2,532 SF
Price / SF$213.23
Days on Market56
Property Features for 133 W Jackson St
General Information
Standard status
Active
Size
2,532 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Amenities
in-unit laundry
private entrances
tankless water heaters
Building Details
Year Built
1813
Year Renovated
2014
Buildings
1
Construction
Federal-style
Listing Agency:
1st Class Real Estate Premier Homes
Listed By:
Torey Mayfield
(804) 901-3825
Source:
Onedreamrealty
Added: Aug 13
Changed: Sep 10
Last Checked: Oct 5 at 10:59PM
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 1st Class Real Estate Premier Homes
Investment Insights
Based on property information with market context.
The Meredith House is a Federal-style duplex originally constructed in 1813 and restored in 2014. The property contains two residences, each with 2 bedrooms, 1.5 bathrooms, spacious living areas, an updated kitchen, in-unit laundry, a private entrance, and separate utilities. Tankless water heaters serve both units, while preserved architectural details are paired with updated systems.
Located in Jackson Ward at 133 W Jackson St, the property is near the Black History Museum & Cultural Center of Virginia, VCU, VCU Medical Center, Bio+Tech Park, galleries, restaurants, breweries, theaters, and downtown Richmond’s entertainment district.
Located in Jackson Ward at 133 W Jackson St, the property is near the Black History Museum & Cultural Center of Virginia, VCU, VCU Medical Center, Bio+Tech Park, galleries, restaurants, breweries, theaters, and downtown Richmond’s entertainment district.
Key Highlights
- Federal‑style duplex originally built in 1813
- Restored in 2014 with historic details retained
- Each unit includes 2 bedrooms and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,409
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,180
$668.2K
Cap Rate 7%
$477,271
$477.3K
Cap Rate 9%
$371,211
$371.2K
Market Conditions
NOI Build-Up for 2,532 SF
Gross rent
$51.0K $20.16/SF
− Vacancy
−$3.3K −$1.31/SF
EGI
$47.7K $18.85/SF
− OpEx
−$14.3K −$5.65/SF
NOI
$33.4K $13.19/SF
Area
Richmond, VA
Vacancy
6.50%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,180
Cap Rate 7%
$477,271
Cap Rate 9%
$371,211
Alternative Uses
Best Use
Multifamily LT 5
$477.3K
$417.6K – $556.8K
NOI $33,409 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$448.1K
$392.1K – $522.8K
NOI $31,368 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$585.0K
$511.9K – $682.5K
NOI $40,948 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,795
Businesses Nearby
Explore this area
Business Placement
Demographics for 23220, VA
36,942
Population
16,561
Households
2.2
Avg Household Size
27
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
7,696
Density / Sq Mi
$56,681
Median Household Income
$33,249
Median Earnings
$1,354
Median Rent
$468,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separately entered residences offer updated kitchens, in-unit laundry, and individual utility service.
Where is this duplex located?
The property is located at 133 W Jackson St Richmond, VA.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Federal‑style duplex originally built in 1813; Restored in 2014 with historic details retained; Each unit includes 2 bedrooms and 1.5 bathrooms
