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Renovated Four-Unit Apartment Building
For Sale
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3025 Park Ave, Richmond, VA 23221

Four individually metered one-bedroom apartments feature updated interiors and in-unit laundry.

Property SizeContact for details
Days on Market144

Property Features for 3025 Park Ave

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 4 x 1BR/1BA
Multifamily Units 4

Additional Details

Utilities to Site Yes

Amenities

stainless steel appliances
dishwashers
granite countertops
washer/dryer
central heat and air conditioning
Listing Agency: One South Commercial
Listed By: Tom Rosman · License #VA 0225030879
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 6:02PM

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 four-unit multifamily property contains four one-bedroom, one-bath apartments that have undergone full renovations. Each residence includes a refreshed kitchen with stainless steel appliances, a dishwasher, and granite countertops, along with an updated bathroom. Central heating and air conditioning and a washer and dryer are provided in every unit.

Utility service is separately metered for each apartment, with tenants responsible for 100% of their usage. The property is located at 3025 Park Ave in Richmond’s Historic Museum District, an area characterized by historic homes, museums, recreational amenities, and bike lanes. Residents are also within short distance of more than 40 restaurants, three large grocery stores, coffee shops, bars, and other retail offerings.

Key Highlights

  • Four fully renovated 1‑bedroom/1‑bathroom apartments
  • New kitchens with stainless steel appliances, dishwashers, and granite countertops
  • Washer/dryer and central heat and air conditioning in every unit

Property Analytics

Current Use

Jamie’s Apartment Building

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Catering Service Mobile Phone Store Locksmith Carpet & Flooring Store

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

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,134
Businesses Nearby

Demographics for 23221, VA

14,841
Population
7,776
Households
1.9
Avg Household Size
35
Median Age
76%
College-Educated
98%
High-School Grad
3.3 sq mi
ZIP Area
4,497
Density / Sq Mi
$97,006
Median Household Income
$61,616
Median Earnings
$1,480
Median Rent
$544,400
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?
Quadplex - Four individually metered one-bedroom apartments feature updated interiors and in-unit laundry.
Where is this quadplex located?
The property is located at 3025 Park Ave Richmond, VA.
What are key features of this property?
This property features: Four fully renovated 1‑bedroom/1‑bathroom apartments; New kitchens with stainless steel appliances, dishwashers, and granite countertops; Washer/dryer and central heat and air conditioning in every unit
(804) 353-0009 Call to check price and availability
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