Contemporary Duplex With Two
206 W 14th Street Richmond, VA 23224
206 W 14th Street, Richmond, VA, 23224
$720,000
For Sale
$720,000
MULTI_FAMILY - Contemporary - Richmond, VA
Property Size2,996 SF
Lot Size0.08 Acres
Price / SF$240.32
Days on Market8
Property Features for 206 W 14th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking features
- Assigned, Off Street, On Street
- Patio and Porch features
- Porch
- Interior features
- CeilingFans, GraniteCounters, HighCeilings, KitchenIsland, BathInPrimaryBedroom, WalkInClosets
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- S000-0155-017
- Size
- 2,996 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 0029.00X0132.00 IRG0000.079 AC
- Tax Annual Amount
- 8328
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 2021
- Floors in Building
- 3
- Number of units
- 2
- Building materials
- Drywall, Frame, HardiplankType, WoodSiding
- Roof type
- Composition
- Architectural style
- Contemporary
Listing Agency
United Real Estate Richmond
(804) 359-9200
9011 Arboretum Pkwy Suite 120, Richmond, VA
Listed by
Kelly Rivers · License #0225224862
(804) 314-6967
Added: Jul 10 Checked: Jul 17 at 9:06 pm
MLS# 2618895
Listing URL
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.
Investment Insights
Based on property information with market context.
This contemporary duplex includes two well-appointed residences designed with an open-concept feel and abundant natural light. The property is presented as low-maintenance, with stylish finishes throughout each unit, offering flexibility for owners seeking rental income or multi-unit occupancy.
Located at 206 W 14th Street in Richmond’s Manchester area, the duplex is described as minutes from Virginia Commonwealth University (VCU), Downtown Richmond, and the Central Business District. The surrounding area also provides access to the James River Park System, including walking and biking trails, kayaking, river overlooks, and outdoor recreation, as well as nearby Brown’s Island, Belle Isle, and the Canal Walk.
With a duplex configuration and two separate residences on one site, this property is positioned to support a range of owner-occupant or investment objectives consistent with the listing’s description.
Located at 206 W 14th Street in Richmond’s Manchester area, the duplex is described as minutes from Virginia Commonwealth University (VCU), Downtown Richmond, and the Central Business District. The surrounding area also provides access to the James River Park System, including walking and biking trails, kayaking, river overlooks, and outdoor recreation, as well as nearby Brown’s Island, Belle Isle, and the Canal Walk.
With a duplex configuration and two separate residences on one site, this property is positioned to support a range of owner-occupant or investment objectives consistent with the listing’s description.
Key Highlights
- Newer duplex built in 2021 with a contemporary architectural style
- Open‑concept interiors with high ceilings, ceiling fans, granite counters, and a kitchen island
- Primary bedroom includes an en‑suite bath and walk‑in closet
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.4k | $20.16 |
| − Vacancy | −$3.9k | −$1.31 |
| EGI | $56.5k | $18.85 |
| − OpEx | −$16.9k | −$5.65 |
| NOI | $39.5k | $13.19 |
2,996 SF · lease $20.16/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$564.7K
$494.1K – $658.9K
NOI $39,531 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$530.2K
$464.0K – $618.6K
NOI $37,116 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$692.2K
$605.7K – $807.5K
NOI $48,452 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex offering two contemporary residences with open-concept living spaces and abundant natural light.
Where is this duplex located?
The property is located at 206 W 14th Street Richmond, VA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Newer duplex built in 2021 with a contemporary architectural style; Open‑concept interiors with high ceilings, ceiling fans, granite counters, and a kitchen island; Primary bedroom includes an en‑suite bath and walk‑in closet
