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Three-Building Apartment Portfolio
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711 Chimborazo Blvd, Richmond, VA 23223

Apartment portfolio with varied layouts and select units featuring hardwood floors, balconies, stainless steel appliances, and on-site laundry.

Property SizeContact for details
Lot Size0.19 Acres
Days on Market145

Property Features for 711 Chimborazo Blvd

General Information

Standard status Active
Lot size 0.19 Acres
Property subtype Multifamily

Units

Unit Mix 1 x 1BR/1BA (1200 sqft), 6 x 2BR/1BA (783 sqft), 1 x 3BR/2BA (1500 sqft)
Multifamily Units 8

Amenities

hardwood flooring
carpeting
patio/balcony
on site laundry facility
stainless steel appliances
matching appliances
built in microwave
dishwasher
ceiling fans
cable ready units

Building Details

Buildings 3
Listing Agency: Marcus & Millichap - Hampton Roads
Listed By: Altay Uzun · License #VA 0225214405
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 11:04PM

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 Marcus & Millichap - Hampton Roads

Investment Insights

Based on property information with market context.

This apartment portfolio includes eight units distributed among three buildings constructed between 1860 and 1923. The unit mix consists of one 1,200 square foot one-bedroom, one-bath residence; six 783 square foot two-bedroom, one-bath residences; and one 1,500 square foot three-bedroom, two-bath residence. Select apartments include hardwood flooring, carpeting, patio or balcony space, ceiling fans, cable-ready features, stainless steel and matching appliances, built-in microwaves, and dishwashers. An on-site laundry facility serves the property.

The buildings occupy .188 acres at 711 Chimborazo Blvd in Richmond, Virginia. One property is situated within an opportunity zone. The portfolio is near Downtown Richmond and Virginia Commonwealth University, with access to major area employers and commercial institutions including HCA Virginia Health System, Bon Secours Healthcare Centers, Capital One Financial, SunTrust Bank, Long and Foster, Fort Lee, and Dominion Resources.

Key Highlights

  • Eight units across three buildings built between 1860 and 1923
  • .188 acres at 711 Chimborazo Blvd, Richmond, VA 23223
  • Unit mix includes one 1,200 sqft one‑bedroom unit and six 783 sqft two‑bedroom units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Law Firm Building Supply Daycare Center (Bike/Boat/Book/etc) Store 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

8
Residential units

Location Intelligence

Trade Area within ½ mile

417
Businesses Nearby

Demographics for 23223, VA

51,960
Population
27,141
Households
1.9
Avg Household Size
35
Median Age
32%
College-Educated
90%
High-School Grad
16.7 sq mi
ZIP Area
3,111
Density / Sq Mi
$56,518
Median Household Income
$39,828
Median Earnings
$1,224
Median Rent
$236,300
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?
Apartment building - Apartment portfolio with varied layouts and select units featuring hardwood floors, balconies, stainless steel appliances, and on-site laundry.
Where is this apartment building located?
The property is located at 711 Chimborazo Blvd Richmond, VA.
What are key features of this property?
This property features: Eight units across three buildings built between 1860 and 1923; .188 acres at 711 Chimborazo Blvd, Richmond, VA 23223; Unit mix includes one 1,200 sqft one‑bedroom unit and six 783 sqft two‑bedroom units
(919) 710-6400 Call to check price and availability
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