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Triplex With Rehabilitation Potential
New
For Sale
$229,000

15 E 33RD Street, Richmond, VA 23225

ResidentialIncome, Richmond, VA

Property Size2,819 SF
Lot Size0.21 Acres
Price / SF$81.23
Days on Market2

Property Features for 15 E 33RD Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning description R-5
Parking features On Street
Interior features BedroomOnMainLevel, EnSuiteBathroom, FullBathOnMainLevel
Fencing Fenced
Appliances ElectricWaterHeater
Subdivision Swansboro
Lot features Additional Land Available
Elementary school Cardinal
Middle school River City
High school Richmond High School for the Arts
Directions South on Midlothian. Make Right at 34th St. Left on McLennan St then Left on 33RD
Standard status Active
APN S0001874053
Size 2,819 SF
Lot size 0.21 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 0069.00X0130.70 0000.00
Tax Annual Amount 2352
Legal Description 0069.00X0130.70 0000.00

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1920
Floors in Building 2
Number of units 1
Building materials AluminumSiding, Drywall, Frame, Plaster
Roof type Asphalt
Architectural style Other
Listing Agency: Fathom Realty Virginia
Listed By: Sheila Payne · License #0225207832
Added: Oct 30 Last Checked: Oct 31 at 8:06AM
MLS# 2629390

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.

Rey
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Investment Insights

Based on property information with market context.

This 2,819-square-foot triplex dates to 1920 and contains three units. Demolition work has started in two units, and the property is being offered as-is. Three individual electrical meters are present, with temporary power to the property. Building details include aluminum siding, frame construction, an asphalt roof, and on-street parking. The parcel measures 69' x 130' and totals 0.207 acres; it is zoned R-5.

Public water and public sewer serve the property. The existing triplex status is described as grandfathered. Any redevelopment or lot configuration would require independent verification with the City of Richmond.

Key Highlights

  • Three‑unit property with 2,819 square feet of building area
  • Existing triplex status is grandfathered
  • Demolition work has begun in two of the three units

Property Analytics

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Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

542
Businesses Nearby

Demographics for 23225, VA

40,876
Population
21,545
Households
1.9
Avg Household Size
38
Median Age
41%
College-Educated
91%
High-School Grad
13.9 sq mi
ZIP Area
2,941
Density / Sq Mi
$60,865
Median Household Income
$43,550
Median Earnings
$1,311
Median Rent
$292,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three individually metered units occupy an R-5-zoned parcel with public water and sewer service.
Where is this triplex located?
The property is located at 15 E 33RD Street Richmond, VA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Three‑unit property with 2,819 square feet of building area; Existing triplex status is grandfathered; Demolition work has begun in two of the three units
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