Search
Apartment Building Redevelopment
For Sale
Contact for pricing

2404 2406 & 2408 E Clay Street, Richmond, VA 23220

Three connected brick row homes offer a shell-condition renovation project with historic interior elements and multiple residential conversion paths.

Property SizeContact for details
Days on Market145

Property Features for 2404 2406 & 2408 E Clay Street

General Information

Standard status Active
Property subtype Multifamily, Land

Property Condition

Severity Major Repairs Needed
Evidence shell condition

Units

Unit Mix 6 x 2BR
Multifamily Units 6

Amenities

hardwood floors
slate fireplaces

Building Details

Buildings 3
Construction brick row home
Listing Agency: One South Commercial
Listed By: Tom Rosman · License #VA 0225030879
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 29 at 10:19PM

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 One South Commercial

Investment Insights

Based on property information with market context.

This multifamily redevelopment includes three adjoining brick duplex row homes at 2404, 2406, and 2408 E Clay Street. Each building contains 2,040 square feet, creating a combined plan for six two-bedroom residences. The interiors are currently in shell condition and require complete renovation, while existing hardwood floors and slate fireplaces provide retained historic features.

The property is located in Richmond’s Historic Church Hill neighborhood. Supported redevelopment concepts include renovating the duplexes, converting them to single-family residences, or pursuing condominium development. The three properties are offered together and are not available for individual purchase.

Key Highlights

  • Three continuous brick duplex row homes offered as one assemblage
  • Each property contains 2,040 square feet
  • Planned layout accommodates six 2‑bedroom floor plans

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Auto Parts Store Electrical Service (Bike/Boat/Book/etc) Store Plumbing Service Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

2,611
Businesses Nearby

Demographics for 23220, VA

36,942
Population
16,561
Households
2.2
Avg Household Size
27
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
7,696
Density / Sq Mi
$56,681
Median Household Income
$33,249
Median Earnings
$1,354
Median Rent
$468,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Three connected brick row homes offer a shell-condition renovation project with historic interior elements and multiple residential conversion paths.
Where is this apartment building located?
The property is located at 2404 2406 & 2408 E Clay Street Richmond, VA.
What are key features of this property?
This property features: Three continuous brick duplex row homes offered as one assemblage; Each property contains 2,040 square feet; Planned layout accommodates six 2‑bedroom floor plans
(804) 353-0009 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message