4915 Chamberlayne Avenue, Richmond, VA 23227
MULTI_FAMILY - Colonial - Richmond, VA
- Added:
- Jul 5, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 8 at 11:06 pm
Property Features for 4915 Chamberlayne Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Patio and Porch features
- Deck
- Fencing
- Fenced
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- N017-0191-002
- Size
- 3,540 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PAR A 0068.27X0110.43 0000.000
- Tax Annual Amount
- 3504
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1946
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Brick, Drywall
- Roof type
- Asphalt, Shingle
- Architectural style
- Colonial
Listing agent Nico Ericksen-Deriso License #0225261653 (303) 502-6658
Listing office EXP Realty, LLC 6802 Paragon Pl, Richmond, VA (804) 729-5188
Listing date Jul 5, 2026
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.
HighLights
- 4‑unit residential property with Colonial‑style construction built in 1946
- Full gut renovation completed in 2020
- 3 units on long‑term leases and 1 unit on a month‑to‑month basis
- Rent roll is over $5,000 per month
- Public water and public sewer
- Off‑street parking, deck, and fenced yard
Overview
In the City of Richmond, the asset is listed for sale at 4915 Chamberlayne Avenue, Richmond, VA 23227. Current occupancy includes three units on long-term leases, while the fourth unit is on a month-to-month arrangement. The property is supported by an in-place, attentive property manager, who is willing to stay with the acquisition.
For buyers looking for an owner-operator or a hands-off approach, the tenancy structure provides options: three established long-term residents plus one unit that can be managed with more flexibility upon turnover. The current rent roll is described as exceeding $5,000 per month, reflecting the property’s existing income production. The combination of renovation history, managed operations, and mixed lease terms is designed to support a smoother transition for an incoming owner.
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 | $71.4k | $20.16 |
| − Vacancy | −$4.6k | −$1.31 |
| EGI | $66.7k | $18.85 |
| − OpEx | −$20.0k | −$5.65 |
| NOI | $46.7k | $13.19 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.44977
- Latitude
- 37.601216
