BRJ Multifamily Apartment
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For Sale
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1548 E Main Street, Richmond, VA 23219
Two professionally operated properties with recent HVAC replacement and adaptive space improvements.
Property SizeContact for details
Days on Market6
Property Features for 1548 E Main Street
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Feldman Ruel
Listed By:
Christopher Chadwick · License #VA 0225206248
Source:
Crexi
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 19 at 8:00AM
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 Feldman Ruel
Investment Insights
Based on property information with market context.
BRJ is a two-property apartment portfolio comprising Railroad YMCA and Lava Lofts in Richmond, Virginia. The assets have remained under common ownership for 12 years and have received ongoing capital investment, including floor-by-floor VRF HVAC replacement at Railroad YMCA from 2021 through 2026. At Lava Lofts, former commercial space was reconfigured into a leasing office and a two-bedroom, two-bathroom apartment. Operations include unit painting between occupancies, valet trash service, and continued attention to building exteriors and grounds.
The portfolio recorded average occupancy above 97% in 2025, with zero concessions, zero bad debt, and zero evictions during the trailing 12-year period. Railroad YMCA is located at 1548 E Main Street in Richmond, providing a central Virginia address for the combined apartment offering.
The portfolio recorded average occupancy above 97% in 2025, with zero concessions, zero bad debt, and zero evictions during the trailing 12-year period. Railroad YMCA is located at 1548 E Main Street in Richmond, providing a central Virginia address for the combined apartment offering.
Key Highlights
- Two‑property apartment portfolio: Railroad YMCA and Lava Lofts
- Common ownership for 12 years with professional property operations
- Railroad YMCA received floor‑by‑floor VRF HVAC replacement from 2021 through 2026
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,645
Businesses Nearby
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Demographics for 23219, VA
5,307
Population
3,488
Households
1.5
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
1.3 sq mi
ZIP Area
4,082
Density / Sq Mi
$62,533
Median Household Income
$46,509
Median Earnings
$1,439
Median Rent
$287,500
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?
Apartment building - Two professionally operated properties with recent HVAC replacement and adaptive space improvements.
Where is this apartment building located?
The property is located at 1548 E Main Street Richmond, VA.
What are key features of this property?
This property features: Two‑property apartment portfolio: Railroad YMCA and Lava Lofts; Common ownership for 12 years with professional property operations; Railroad YMCA received floor‑by‑floor VRF HVAC replacement from 2021 through 2026
