Updated Townhome with In-Law
323 Randolph Street Richmond, VA 23220
323 Randolph Street, Richmond, VA, 23220
$599,000
For Sale
$599,000
TOWNHOME - Other - Richmond, VA
Property Size2,476 SF
Lot Size0.05 Acres
Price / SF$241.92
Days on Market12
Property Features for 323 Randolph Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Rooms
- Dining Room
- Parking features
- On Street, Garage, Off Street
- Patio and Porch features
- Porch, Deck
- Interior features
- DiningArea, DoubleVanity, EatInKitchen, Fireplace, GraniteCounters, BathInPrimaryBedroom, RecessedLighting, TrackLighting, WalkInClosets
- Fencing
- Privacy, Fenced
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- W000-0438-057
- Size
- 2,476 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 0020.22X0110.00 0000.000
- Tax Annual Amount
- 5676
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick, Frame
- Roof type
- Metal
- Architectural style
- Other
Listing Agency
EXP Realty LLC
(804) 729-5188
717 N Courthouse Rd, STAFFORD, VA
Listed by
Cary Ridenhour · License #0225255753
(804) 295-6238
Added: Jul 6 Checked: Jul 17 at 8:06 pm
MLS# 2618336
Listing URL
Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated end-unit townhome includes a built-in in-law suite with a separate entrance. The main living area features tall ceilings and an open layout connecting the living room, dining space, and an eat-in kitchen with a decorative brick fireplace. The kitchen offers gas cooking, new granite countertops, and ample cabinetry, with sliding doors to a deck for outdoor grilling. The primary suite includes a large walk-in closet, an en-suite bath with dual vanities, and a large tile shower, plus a balcony.
The in-law suite includes a scaled-down living area with dining space and a kitchenette, along with a stacked washer/dryer, a bedroom, and a bathroom with a tub/shower combination. The property has both on- and off-street parking and is fully fenced for privacy during outdoor activities. New flooring, new paint, and new fixtures are included throughout.
Located by the VCU parking garage off Harrison and across the street from Cary Street Field, the home is also about three blocks from the Fan and within walking distance of shopping and restaurants in Carytown.
The in-law suite includes a scaled-down living area with dining space and a kitchenette, along with a stacked washer/dryer, a bedroom, and a bathroom with a tub/shower combination. The property has both on- and off-street parking and is fully fenced for privacy during outdoor activities. New flooring, new paint, and new fixtures are included throughout.
Located by the VCU parking garage off Harrison and across the street from Cary Street Field, the home is also about three blocks from the Fan and within walking distance of shopping and restaurants in Carytown.
Key Highlights
- Updated end‑unit townhome by VCU with a built‑in in‑law suite/apartment with its own separate entrance
- Main level features open living/dining/eat‑in kitchen with a decorative brick fireplace and sliding doors to the deck
- Kitchen includes gas cooking, granite countertops, and ample cabinetry
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.9k | $20.16 |
| − Vacancy | −$3.2k | −$1.31 |
| EGI | $46.7k | $18.85 |
| − OpEx | −$14.0k | −$5.65 |
| NOI | $32.7k | $13.19 |
2,476 SF · lease $20.16/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$466.7K
$408.4K – $544.5K
NOI $32,670 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$438.2K
$383.4K – $511.2K
NOI $30,674 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$572.0K
$500.5K – $667.4K
NOI $40,043 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated end-unit townhome near VCU features a built-in in-law suite with separate entrance.
Where is this duplex located?
The property is located at 323 Randolph Street Richmond, VA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Updated end‑unit townhome by VCU with a built‑in in‑law suite/apartment with its own separate entrance; Main level features open living/dining/eat‑in kitchen with a decorative brick fireplace and sliding doors to the deck; Kitchen includes gas cooking, granite countertops, and ample cabinetry
