Townhome Investment
2108 Parkwood Avenue Richmond, VA 23220
2108 Parkwood Avenue, Richmond, VA, 23220
$499,950
Pending
For Sale
$499,950
Pending
TOWNHOME - Other - Richmond, VA
Property Size2,556 SF
Lot Size0.06 Acres
Days on Market66
Property Features for 2108 Parkwood Avenue
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Parking features
- On Street, Off Street
- Patio and Porch features
- Porch
- Appliances
- ElectricWaterHeater
- Standard status
- Pending
- APN
- W000-0940-018
- Size
- 2,556 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 0023.50X0120.00 0000.000
- Tax Annual Amount
- 6480
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick, Drywall, Frame
- Architectural style
- Other
Listing Agency
Keller Williams Realty
(804) 282-5901
6806 Paragon Place, Ste. 300, Richmond, VA
Listed by
Lisa Spalding · License #0225048958
(804) 873-6416
Added: May 13 Checked: Jul 17 at 7:06 pm
MLS# 2612844
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 for-sale townhome is configured as a residential income property, with a total building size of 2,556 square feet and a lot size of 0.0647 acres.
The property is located at 2108 Parkwood Avenue in Richmond, Virginia 23220, within Richmond City. As presented, it offers a compact lot footprint suited to an owner-occupant or income-focused buyer considering a townhome-style investment.
The property is located at 2108 Parkwood Avenue in Richmond, Virginia 23220, within Richmond City. As presented, it offers a compact lot footprint suited to an owner-occupant or income-focused buyer considering a townhome-style investment.
Key Highlights
- Built in 1910
- Brick and frame construction with drywall interior
- Public water supply and public sewer
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 | $51.5k | $20.16 |
| − Vacancy | −$3.3k | −$1.31 |
| EGI | $48.2k | $18.85 |
| − OpEx | −$14.5k | −$5.65 |
| NOI | $33.7k | $13.19 |
2,556 SF · lease $20.16/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$481.8K
$421.6K – $562.1K
NOI $33,726 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$452.4K
$395.8K – $527.8K
NOI $31,665 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$590.5K
$516.7K – $689.0K
NOI $41,337 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - For-sale townhome income property offering 2,556 square feet of residential space on a 0.0647-acre lot.
Where is this duplex located?
The property is located at 2108 Parkwood Avenue Richmond, VA.
What is the asking price?
The asking price for this property is $499,950.
What are key features of this property?
This property features: Built in 1910; Brick and frame construction with drywall interior; Public water supply and public sewer
