2863 Hull St Richmond, VA 23224
New
Fully renovated 7-unit building with development potential in Richmond, VA.
Type:Investment
Property size:
3,218 SF- Added:
- Apr 24, 2026
- Days on Market:
- 5
- Last Refresh:
- Apr 24 at 5:47 pm
Property Features for 2863 Hull St
General Information
- Standard status
- Active
- Size
- 3,218 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1928
Listing agent Amanda Hardesty (804) 651-2157
Listing office (804) 651-2157
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 Amanda Hardesty
Overview
Renovated Multifamily Building with Development Potential
This is a rare value-add opportunity to acquire a fully renovated 7-unit multifamily building strategically positioned on the high-visibility Hull Street commercial corridor. The property is zoned B-3 and totals approximately 3,218 square feet. It features six studio apartments with full kitchens and private bathrooms, plus one additional guest suite. All units were updated in 2020. With a stabilized gross potential income of approximately $98,856 annually, investors can realize immediate upside by leasing the three current vacancies at market rates. The offering is uniquely enhanced by the inclusion of the adjacent lot at 2861 Hull St, providing significant potential for future subdivision or ground-up development. Currently operated with landlord-paid utilities, there is a clear path to further increasing Net Operating Income through the implementation of sub-metering or a RUBS billing program, making this a premier multifaceted asset in a rapidly growing Richmond corridor. The property is bikeable with a score of 50, car-dependent with a score of 28, and has some transit options with a score of 36.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.4603872
- Latitude
- 37.5107658
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully renovated 7-unit building with development potential in Richmond, VA.
Where is this apartment building located?
The property is located at 2863 Hull St Richmond, VA.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Fully renovated 7‑unit multifamily building (updated in 2020) on high‑visibility Hull Street commercial corridor.; Stabilized gross potential income of approximately $98,856 annually with immediate upside by leasing current vacancies at market rates.; Includes adjacent lot at 2861 Hull St, offering potential for future subdivision or ground‑up development.
