Historic Brick
30 S Davis Ave, Richmond, VA 23220
For Sale
$649,900
Two occupied units have leases in place through August 31, 2027.
Property Size2,572 SF
Price / SF$252.68
Days on Market51
Property Features for 30 S Davis Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Samson Properties
(804) 430-9410
Listed By:
The Elliott Real Estate Team
(804) 404-5566
Source:
Elliottreteam
Added: Sep 20
Changed: Nov 8
Last Checked: Nov 8 at 5:48AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
Built in 1920, this approximately 2,572-square-foot duplex contains two residential units, each with 2 bedrooms, 1 full bath, a kitchen, living areas, laundry, and separate heating and cooling. Original features include wood floors, high ceilings, exposed brick, fireplaces, large windows, and spacious rooms. The lower unit also has updated appliances and laminate flooring in one bedroom. A rear deck serves the lower unit, while a private parking area provides 2 spaces. The roof was replaced in 2018.
Located at 30 S Davis Ave in Richmond’s Fan/VCU area, the property is near VCU, Carytown, Maymont, and the Museum District. Both units are occupied by long-term tenants, with leases extending through August 31, 2027.
Located at 30 S Davis Ave in Richmond’s Fan/VCU area, the property is near VCU, Carytown, Maymont, and the Museum District. Both units are occupied by long-term tenants, with leases extending through August 31, 2027.
Key Highlights
- Two‑unit duplex with approximately 2,572 square feet
- Each unit includes 2 bedrooms and 1 full bath
- Both units occupied; leases run through August 31, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,937
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,740
$678.7K
Cap Rate 7%
$484,814
$484.8K
Cap Rate 9%
$377,078
$377.1K
Market Conditions
NOI Build-Up for 2,572 SF
Gross rent
$51.9K $20.16/SF
− Vacancy
−$3.4K −$1.31/SF
EGI
$48.5K $18.85/SF
− OpEx
−$14.5K −$5.65/SF
NOI
$33.9K $13.19/SF
Area
Richmond, VA
Vacancy
6.50%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,740
Cap Rate 7%
$484,814
Cap Rate 9%
$377,078
Alternative Uses
Best Use
Multifamily LT 5
$484.8K
$424.2K – $565.6K
NOI $33,937 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$455.2K
$398.3K – $531.1K
NOI $31,863 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$594.2K
$519.9K – $693.3K
NOI $41,595 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,740
Businesses Nearby
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Business Placement
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
$468,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Richmond, VA
Properties on Market for Duplexes in Richmond
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units have leases in place through August 31, 2027.
Where is this duplex located?
The property is located at 30 S Davis Ave Richmond, VA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2,572 square feet; Each unit includes 2 bedrooms and 1 full bath; Both units occupied; leases run through August 31, 2027
