Colonial Duplex with Slate
For Sale
$699,000
4412 Cutshaw Avenue, Richmond, VA 23230
MULTI_FAMILY - Colonial - Richmond, VA
Property Size2,620 SF
Lot Size0.14 Acres
Price / SF$266.79
Days on Market111
Property Features for 4412 Cutshaw Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-5
Rooms
Basement
Parking features
Off Street, On Street
Patio and Porch features
Porch
Interior features
BedroomOnMainLevel, Fireplace, HighSpeedInternet, WiredForData
Fencing
Fenced
Fireplace
1
Appliances
GasWaterHeater
Subdivision
Monument Avenue Park
Lot features
Level
Elementary school
Munford
Middle school
Albert Hill
High school
Thomas Jefferson
Directions
Heading west on Monument from the city, right on Commonwealth, right on Cutshaw
Standard status
Active
APN
W000-1998-026
Size
2,620 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MONUMENT AV PARK L17-18 B3 0050.00X0125.00 0000.000
Tax Annual Amount
5628
Legal Description
MONUMENT AV PARK L17-18 B3 0050.00X0125.00 0000.000
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Building materials
Brick, Plaster
Roof type
Slate
Architectural style
Colonial
Listing Agency:
Charles A Rose Co, Inc
(804) 288-4820
Listed By:
Clair Stewart · License #0225183775
(804) 615-6121
Added: Apr 17
Changed: Aug 1
Last Checked: Aug 5 at 12:06PM
MLS# 2610034
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 Colonial duplex at 4412 Cutshaw Avenue features a brick and slate exterior and was built in 1940. The property includes two units, each with two bedrooms and one full bath. Both units have updated kitchens, hardwood flooring in the formal rooms and bedrooms, spacious living rooms with formal dining space, and private side porches. The units also include fenced-backyard access and off-street parking, with basement storage and separate washers/dryers for each unit. Fireplace is present, and the home is wired for data.
The duplex uses separate electric and gas meters, with tenants paying their respective utilities. The property is fully occupied with leases ready to convey.
Additional amenities and services include public water and public sewer, along with a slate roof. The lot size is 0.1435 acres and the property size is 2,620 square feet.
The duplex uses separate electric and gas meters, with tenants paying their respective utilities. The property is fully occupied with leases ready to convey.
Additional amenities and services include public water and public sewer, along with a slate roof. The lot size is 0.1435 acres and the property size is 2,620 square feet.
Key Highlights
- Two units, each with two bedrooms and one full bath
- Separate electric and gas meters; tenants pay their respective utilities
- Fully occupied with leases ready to convey
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 | $52.8k | $20.16 |
| − Vacancy | −$3.4k | −$1.31 |
| EGI | $49.4k | $18.85 |
| − OpEx | −$14.8k | −$5.65 |
| NOI | $34.6k | $13.19 |
2,620 SF · lease $20.16/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$493.9K
$432.1K – $576.2K
NOI $34,570 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$463.7K
$405.7K – $541.0K
NOI $32,458 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$605.3K
$529.7K – $706.2K
NOI $42,372 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,594
Businesses Nearby
Explore this area
Business Placement
Demographics for 23230, VA
8,263
Population
5,066
Households
1.6
Avg Household Size
35
Median Age
52%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
1,922
Density / Sq Mi
$71,189
Median Household Income
$55,121
Median Earnings
$1,608
Median Rent
$343,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A brick Colonial duplex built in 1940 with two updated units, each with private porch, fenced yard, and separate utilities.
Where is this duplex located?
The property is located at 4412 Cutshaw Avenue Richmond, VA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two units, each with two bedrooms and one full bath; Separate electric and gas meters; tenants pay their respective utilities; Fully occupied with leases ready to convey
