20-Unit Apartment
For Sale
$2,399,900
1401 Coalter Street, Richmond, VA 23223
CommercialSale, Richmond, VA
Property SizeContact for details
Lot Size0.59 Acres
Days on Market25
Property Features for 1401 Coalter Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Level
Directions
Take Fairway to Mosby, then straight on Littlepage St. to a Right on Coalter st..
Subdivision
10 - Richmond
Standard status
Active
APN
E000-0604-015
Lot size
0.59 Acres
Taxes and HOA fees
Tax Description
HOWARD GROVE L56-62 PTL63 0220.00X0117.56 0000.000
Legal Description
HOWARD GROVE L56-62 PTL63 0220.00X0117.56 0000.000
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1967
Floors in Building
2
Building materials
MetalSiding, VinylSiding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Weichert Brockwell & Associate
(804) 518-0500
Listed By:
Matt Smith · License #0225178533
(804) 366-0200
Added: Jul 31
Changed: Aug 19
Last Checked: Aug 24 at 1:06PM
MLS# 2620999
Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This apartment property includes 20 units arranged across five separate quad buildings. Each building contains two upper-level and two lower-level apartments. Units are approximately 744 square feet with two bedrooms and one full bathroom, along with all-electric service, forced-air heat, and window air-conditioning units. The buildings were constructed in 1967 and feature metal and vinyl siding with shingle roofing.
The current unit mix includes 12 leased apartments, six vacant units described as rent-ready, and two units being used for storage. The property sits on 0.59 acres and is served by public water and public sewer. Ownership is responsible for water, sewer, and trash, while residents pay their own electric service. Located at 1401 Coalter Street in Richmond, Virginia, the property is identified by ZIP Code 23223.
The current unit mix includes 12 leased apartments, six vacant units described as rent-ready, and two units being used for storage. The property sits on 0.59 acres and is served by public water and public sewer. Ownership is responsible for water, sewer, and trash, while residents pay their own electric service. Located at 1401 Coalter Street in Richmond, Virginia, the property is identified by ZIP Code 23223.
Key Highlights
- 20 total apartment units across five separate quad buildings
- 12 units leased, 6 vacant and rent‑ready, plus 2 units currently used for storage
- Each unit is approximately 744 square feet with 2 bedrooms and 1 full bathroom
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
60%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,763
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five separate quad buildings provide two-level apartment layouts with public water and sewer service.
Where is this apartment building located?
The property is located at 1401 Coalter Street Richmond, VA.
What is the asking price?
The asking price for this property is $2,399,900.
What are key features of this property?
This property features: 20 total apartment units across five separate quad buildings; 12 units leased, 6 vacant and rent‑ready, plus 2 units currently used for storage; Each unit is approximately 744 square feet with 2 bedrooms and 1 full bathroom
