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Multifamily Property with Side Yard
For Sale
Contact for pricing
Pending

609 W Cary St, Richmond, VA 23220

Existing structures, a detached garage, and additional side-yard area support multifamily redevelopment planning.

Property Size5,576 SF
Lot Size0.17 Acres
Days on Market144

Property Features for 609 W Cary St

General Information

Standard status Pending
Size 5,576 SF
Lot size 0.17 Acres
Property subtype Multifamily

Additional Details

Road Access Yes
Listing Agency: CBRE - Richmond
Listed By: Calvin Griffith · License #VA 0225233613
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 31 at 7:04AM

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 CBRE - Richmond

Investment Insights

Based on property information with market context.

This multifamily property occupies a 0.168-acre site with 5,576 square feet across its existing structures. The improvements include a detached garage, while an undeveloped side yard provides additional land within the parcel. The property is positioned on Cary Street between Pine Street and Belvidere Street, directly across from VCU’s Engineering and Business Schools. It is also within walking distance of Richmond’s Arts District and Central Business District. The site’s existing buildings and open side-yard area create a property configuration suited to evaluating apartment conversion, new construction, or a combination of both, subject to applicable approvals.

Key Highlights

  • 5,576 square feet of existing structures
  • 0.168‑acre multifamily property site
  • Detached garage included

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Veterinary Clinic Plumbing Service Pet Grooming Service Carpet & Flooring 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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,770
Businesses Nearby

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

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?
Multifamily property - Existing structures, a detached garage, and additional side-yard area support multifamily redevelopment planning.
Where is this multifamily property located?
The property is located at 609 W Cary St Richmond, VA.
What are key features of this property?
This property features: 5,576 square feet of existing structures; 0.168‑acre multifamily property site; Detached garage included
More about this property
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