Renovated Duplex with Off-Street
New
For Sale
$475,000
3418 Carolina Ave, Richmond, VA 23222
Two leased residences feature updated interiors, separate layouts, and off-street parking.
Property Size3,990 SF
Price / SF$119.05
Days on Market5
Property Features for 3418 Carolina Ave
General Information
Standard status
Active
Size
3,990 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$39,576
Building Details
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
Virginia Capital Realty
(804) 545-6300
Listed By:
The Elliott Real Estate Team · License #56837 - 94
(804) 404-5566
Source:
Elliottreteam
Added: Sep 11
Changed: Sep 15
Last Checked: Sep 15 at 6:52AM
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 Virginia Capital Realty
Investment Insights
Based on property information with market context.
Built in 1920, this 3,990-square-foot duplex contains two leased residences arranged across the first and second floors. The lower unit offers two bedrooms and one bathroom, while the upper unit includes three bedrooms and one bathroom. Renovation work includes updated HVAC systems, white shaker cabinetry, granite countertops, stainless steel appliances, refreshed flooring, renovated bathrooms, contemporary lighting, and updated finishes. The first-floor residence was renovated in 2019, followed by a comprehensive renovation of the second-floor residence in 2023.
Located at 3418 Carolina Ave in Richmond’s Northside, the property includes rear-alley access and off-street parking for up to four vehicles. Both residences are currently leased, providing an established duplex configuration with improvements completed in both units.
Located at 3418 Carolina Ave in Richmond’s Northside, the property includes rear-alley access and off-street parking for up to four vehicles. Both residences are currently leased, providing an established duplex configuration with improvements completed in both units.
Key Highlights
- 3,990‑square‑foot duplex built in 1920
- Two‑bedroom, one‑bath first‑floor residence and three‑bedroom, one‑bath second‑floor residence
- First‑floor unit renovated in 2019; second‑floor unit renovated in 2023
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences feature updated interiors, separate layouts, and off-street parking.
Where is this duplex located?
The property is located at 3418 Carolina Ave Richmond, VA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3,990‑square‑foot duplex built in 1920; Two‑bedroom, one‑bath first‑floor residence and three‑bedroom, one‑bath second‑floor residence; First‑floor unit renovated in 2019; second‑floor unit renovated in 2023
