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Fully Renovated Duplex Property
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2902 E Clay St, Richmond, VA 23223

Fully renovated duplex built in 1890, offering two stabilized, revenue-generating units with separate entrances.

Property SizeContact for details
Days on Market123

Property Features for 2902 E Clay St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Business Included Yes
Multifamily Units 2

Building Details

Year Built 1890
Listing Agency: One South Commercial
Listed By: Tom Rosman · License #VA 0225030879
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 20 at 7:10PM

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.

One South Commercial is offering a fully renovated duplex property constructed in 1890 at 2902 E Clay St in Richmond’s Church Hill neighborhood. The building contains two stabilized, revenue-generating units.

Unit 1 is a 3-bedroom, 3-bath apartment with entrances from N 29th St. Unit 2 is a 2-bedroom, 2-bath apartment with an entrance from E Clay St, and it features a front porch facing E Clay St. The property also includes a large backyard providing outdoor space for tenants.

The Church Hill neighborhood is noted in the remarks for its vibrant food scene and urban living, with pre-Civil War homes as a prominent backdrop. The property is described as close to VCU Health Systems and Richmond’s Central Business District, along with the State Capitol and multiple state offices, the Federal Courthouse, and the City of Richmond’s government center.

Key Highlights

  • Fully renovated duplex built in 1890 in Richmond’s Church Hill neighborhood
  • Two stabilized, revenue‑generating units with separate entrances
  • Unit 1: 3‑bed, 3‑bath apartment with entrance from N 29th St

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Auto Parts Store Electrical Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Daycare Center

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

2
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

2,813
Businesses Nearby

Demographics for 23223, VA

51,960
Population
27,141
Households
1.9
Avg Household Size
35
Median Age
32%
College-Educated
90%
High-School Grad
16.7 sq mi
ZIP Area
3,111
Density / Sq Mi
$56,518
Median Household Income
$39,828
Median Earnings
$1,224
Median Rent
$236,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Fully renovated duplex built in 1890, offering two stabilized, revenue-generating units with separate entrances.
Where is this duplex located?
The property is located at 2902 E Clay St Richmond, VA.
What are key features of this property?
This property features: Fully renovated duplex built in 1890 in Richmond’s Church Hill neighborhood; Two stabilized, revenue‑generating units with separate entrances; Unit 1: 3‑bed, 3‑bath apartment with entrance from N 29th St
(804) 353-0009 Call to check price and availability
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