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26-Unit Multifamily Investment Opportunity

401 E Brookland Park Blvd, Richmond, VA 23222

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For Sale

$2,500,000

All-brick multifamily complex with 2-bedroom and studio units.

Type:Commercial

HighLights

High Income Potential: Projected market rents of $1,000/month for efficiency units and $1,200/month for 2‑bedroom units.
Immediate Cash Flow: Six recently renovated, rent‑ready units.
Low‑Maintenance: Features a durable brick exterior and newer vinyl windows.
26 Units: Includes a mix of eighteen 2‑bedroom, 1‑bath apartments and eight 1‑bath studio units.
Upside Potential: Increase revenue by updating units and leasing at market rates.
Very Walkable: Enjoy a Walk Score of 78.

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Listing Contact

Phillip Hughes

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For Sale

$2,500,000

All-brick multifamily complex with 2-bedroom and studio units.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 58
Last Refresh:: Apr 24 at 5:46 pm

Property Features for 401 E Brookland Park Blvd

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1967

We can help!

Listing Contact

Phillip Hughes

Listing agent Phillip Hughes

Listing office

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 Phillip Hughes

HighLights

High Income Potential: Projected market rents of $1,000/month for efficiency units and $1,200/month for 2‑bedroom units.
Immediate Cash Flow: Six recently renovated, rent‑ready units.
Low‑Maintenance: Features a durable brick exterior and newer vinyl windows.
26 Units: Includes a mix of eighteen 2‑bedroom, 1‑bath apartments and eight 1‑bath studio units.
Upside Potential: Increase revenue by updating units and leasing at market rates.
Very Walkable: Enjoy a Walk Score of 78.

Overview

This multifamily property features 26 units, including 18 two-bedroom, one-bath apartments and 8 one-bath studio units. The complex is constructed with a brick exterior and newer vinyl windows. Six units have been recently renovated and are rent-ready. The property is located in a walkable area with some transit options and is bikeable. The current monthly rental income is $14,572. Market rents are projected at $1,000 per month for the efficiency units and $1,200 per month for the two-bedroom units.

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Local Demand

City: Richmond
County: Richmond City
State: Virginia
Longitude: -77.4280221
Latitude: 37.5710495

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For sale
Apartment buildings
VA
Richmond
23222
401 E Brookland Park Blvd

What type of property is this?

Apartment building - All-brick multifamily complex with 2-bedroom and studio units.

Where is this apartment building located?

The property is located at 401 E Brookland Park Blvd Richmond, VA.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: High Income Potential: Projected market rents of $1,000/month for efficiency units and $1,200/month for 2‑bedroom units.; Immediate Cash Flow: Six recently renovated, rent‑ready units.; Low‑Maintenance: Features a durable brick exterior and newer vinyl windows.