1416 Porter Street, Richmond, VA 23224
MULTI_FAMILY - Other - Richmond, VA
- Added:
- Jul 6, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 6 at 7:06 pm
Property Features for 1416 Porter Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Patio and Porch features
- Deck, Porch
- Standard status
- Active
- APN
- S0000154006
- Size
- 2,384 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 0033.00X0155.00 0000.000
- Tax Annual Amount
- 7176
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 2010
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Drywall, Frame, HardiplankType, WoodSiding
- Roof type
- Flat, Composition
- Architectural style
- Other
Listing agent Will Hymes License #0225235023 (804) 928-2034
Listing office Monroe Properties 116 E Franklin St, Richmond, VA (804) 643-3098
Listing date Jul 6, 2026
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.
HighLights
- 2010‑built duplex with 2 units, each with 2 bedrooms and 2 bathrooms
- One unit is leased; the second unit is vacant and move‑in ready
- Open‑concept layouts with hardwood flooring in main living areas
- Modern kitchens with stainless steel appliances and abundant cabinetry
- Large covered rear porches, deck, and a fenced backyard
- Public water and public sewer; flat and composition roofing; off‑street parking
Overview
The property is located in the heart of Manchester, in Richmond City, and is described as being minutes from downtown Richmond. The surrounding area is characterized as walkable to Manchester’s restaurants, breweries, parks, and entertainment.
For buyers, this configuration supports flexible occupancy planning, with one unit currently leased and the second unit vacant and move-in ready. The combination of two separate 2-bedroom, 2-bath homes, indoor finishes, and outdoor gathering space makes the property suitable for an owner-occupant looking to occupy one side while renting the other, or for an investor seeking a two-unit setup with immediate occupancy in place.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.1k | $20.16 |
| − Vacancy | −$3.1k | −$1.31 |
| EGI | $44.9k | $18.85 |
| − OpEx | −$13.5k | −$5.65 |
| NOI | $31.5k | $13.19 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.447784
- Latitude
- 37.520985
