BRJ Multifamily Apartment
1548 E Main Street, Richmond, VA 23219
For Sale
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Two professionally operated properties with recent HVAC replacement and adaptive space improvements.
Property SizeContact for details
Days on Market56
Property Features for 1548 E Main Street
General Information
Standard status
Property subtype
Site & Location
Neighborhood
Listing Agency:
Feldman Ruel
Listed By:
Christopher Chadwick · License #VA 0225206248
Source:
Crexi
Added: Sep 15
Changed: Nov 8
Last Checked: Nov 8 at 8:07AM
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
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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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Location Intelligence
Trade Area within ½ mile
6,645
Businesses Nearby
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Business Placement
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
Properties on Market for Apartment buildings in Richmond
Vacancy Rate% for Multifamily in South region
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
