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2000 Lamb Ave Richmond, VA 23222

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For Sale
$1,195,000

Value-add multifamily property with strong occupancy and upside potential.

Type:Investment
Added:
Apr 24, 2026
Days on Market:
4
Last Refresh:
Apr 24 at 5:47 pm

Property Features for 2000 Lamb Ave

General Information

Standard status
Active
Property subtype
Investment

Building Details

Year Built
1969

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Listing Contact
Thomas Rosman

Listing agent Thomas Rosman

Listing office

Listing date Apr 24, 2026

Source Elliman

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 Thomas Rosman


Overview

Richmond Multifamily Investment Opportunity

2000 Lamb Avenue is a multifamily property in Richmond featuring eight apartment units. The property has a history of strong occupancy and offers immediate cash flow with potential for increased value. Substantial capital improvements have been completed, including full renovations of six of the eight units, exterior painting, window replacement as needed, and paving of the rear parking lot. The renovated units include modern finishes in the kitchen and bathroom, as well as in-unit washer and dryers. There is a value-add opportunity through the renovation of the remaining two units. Current rents are slightly below market, providing investors the ability to capture further upside through strategic rent growth as units turn and market conditions continue to strengthen. The property is located in an area of Richmond that continues to see reinvestment and neighborhood improvement. The property benefits from solid fundamentals, strong occupancy, and long-term appreciation potential. It is suited for investors seeking a balance of stable income today with meaningful upside.
Location Intelligence

Current Use by Public Records

Lamb Avenue Apartments Apartment Building

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Richmond
County
Richmond City
State
Virginia
Longitude
-77.4315298
Latitude
37.5602749

FAQs

What type of property is this?
Apartment building - Value-add multifamily property with strong occupancy and upside potential.
Where is this apartment building located?
The property is located at 2000 Lamb Ave Richmond, VA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Stabilized multifamily asset with immediate cash flow and upside potential.; **Six of eight units fully renovated with modern kitchens & bathrooms and in‑unit washer/dryers.**; Substantial capital improvements completed: exterior painting, window replacement, and parking lot paving.
More about this property
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