Renovated
New
For Sale
$474,900
4202 Chamberlayne Avenue, Richmond, VA 23227
ResidentialIncome, Richmond, VA
Property Size3,116 SF
Lot Size0.31 Acres
Price / SF$152.41
Days on Market2
Property Features for 4202 Chamberlayne Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-48
Rooms
Basement
Parking features
Alley, Off Street, Oversize
Interior features
BedroomOnMainLevel, EnSuiteBathroom, FullBathOnMainLevel, GraniteCounters, MainLevelPrimary
Exterior features
Lighting
Subdivision
North Ginter Park
Lot features
Level
Elementary school
Holton
Middle school
Henderson
High school
John Marshall
Standard status
Active
APN
N000-2350-015
Size
3,116 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH GINTER PARK L31 BA 0060.00X0223.50 0000.000
Tax Annual Amount
5904
Legal Description
NORTH GINTER PARK L31 BA 0060.00X0223.50 0000.000
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
off-street parking
basement storage
Building Details
Year built
1924
Floors in Building
2
Number of units
2
Building materials
Brick, Drywall, Frame
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
The SSAM Agency
(804) 276-6070
Listed By:
Sam Miliotis · License #0225045867
(804) 247-1277
Added: Sep 24
Last Checked: Sep 25 at 6:06AM
MLS# 2626243
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 3,116-square-foot duplex, built in 1924, has updated kitchens, bathrooms, flooring, and appliances. Interior features include granite counters and a basement suited to storage. The property occupies 0.3079 acres at 4202 Chamberlayne Avenue in Richmond, Virginia.
Separate electrical service, two heat pumps, and off-street parking accessed from the rear alley are among the property’s building features.
Separate electrical service, two heat pumps, and off-street parking accessed from the rear alley are among the property’s building features.
Key Highlights
- Duplex with 3,116 square feet of building area
- 0.3079‑acre parcel in Richmond, Virginia
- Updated kitchens, bathrooms, flooring, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,115
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$822,300
$822.3K
Cap Rate 7%
$587,357
$587.4K
Cap Rate 9%
$456,833
$456.8K
Market Conditions
NOI Build-Up for 3,116 SF
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.
Gross rent
$62.8K $20.16/SF
− Vacancy
−$4.1K −$1.31/SF
EGI
$58.7K $18.85/SF
− OpEx
−$17.6K −$5.65/SF
NOI
$41.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$822,300
Cap Rate 7%
$587,357
Cap Rate 9%
$456,833
Alternative Uses
Best Use
Multifamily LT 5
$587.4K
$513.9K – $685.3K
NOI $41,115 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$551.5K
$482.5K – $643.4K
NOI $38,602 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$719.9K
$629.9K – $839.9K
NOI $50,393 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 23227, VA
25,283
Population
13,351
Households
1.9
Avg Household Size
45
Median Age
47%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,199
Density / Sq Mi
$70,537
Median Household Income
$45,315
Median Earnings
$1,306
Median Rent
$329,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - The building has separate electrical service, two heat pumps, and rear off-street parking.
Where is this duplex located?
The property is located at 4202 Chamberlayne Avenue Richmond, VA.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Duplex with 3,116 square feet of building area; 0.3079‑acre parcel in Richmond, Virginia; Updated kitchens, bathrooms, flooring, and appliances
