18 W Franklin St Richmond, VA 23220

Building Details

Year Built

1895

Listing agency Christopher Small C***@smallre.net Show Phone

Listed by Chris Small · License #0225108723 Show Phone

Source Elliman

Added: Apr 24 Updated: Jul 21 at 2:33AM Checked: Jul 21 at 2:33AM

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Investment Insights

Based on property information with market context.

This fully legal five-unit building is currently configured as five one-bedroom apartments. The property was renovated in 2020 and received energy-efficient replacement windows in 2022. A monitored fire sprinkler system is in place to meet current code requirements. The building also includes five designated parking spaces.

The property is located in Downtown Richmond and benefits from a special zoning designation permitting five short-term rental units. Walk Score is reported at 97, with the building described as steps from Downtown, VCU, VCU Medical Center (MCV), and nearby arts and cultural destinations including the Arts District, The Commonwealth Club, and The Common House. Bike Score is reported at 88 and Transit Score at 58.

Key Highlights

• Fully legal five‑unit building configured as five one‑bedroom apartments
• Special zoning designation permits five short‑term rental units in the City of Richmond
• Includes five designated parking spaces

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FAQs

What type of property is this?

Apartment building - Fully legal five-unit property configured as five one-bedrooms with five designated parking spaces and monitored fire sprinklers.

Where is this apartment building located?

The property is located at 18 W Franklin St Richmond, VA.

What is the asking price?

The asking price for this property is $1,295,950.

What are key features of this property?

This property features: Fully legal five‑unit building configured as five one‑bedroom apartments; Special zoning designation permits five short‑term rental units in the City of Richmond; Includes five designated parking spaces