Restored Two-Story
For Sale
Contact for pricing
5 S Adams St, Richmond, VA 23220
A restored 1900 brick duplex with flexible office or residential layout, including a private patio and modernized finishes.
Property Size2,369 SF
Price / SF$316.59
Days on Market180
Property Features for 5 S Adams St
General Information
Standard status
Active
Size
2,369 SF
Property subtype
OFFICE
Building Details
Year Built
1900
Stories
2
Construction
brick
Listing Agency:
One South Commercial
(434) 981-3146
Listed By:
Ann Schweitzer Riley
Source:
Moodyscre
Added: Feb 6
Changed: Jul 29
Last Checked: Jul 29 at 4:01AM
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 One South Commercial
Investment Insights
Based on property information with market context.
A beautifully restored two-story brick duplex built in 1900, offered as an end unit with prominent street presence and abundant natural light. The interior blends historic details such as original trim/molding, hardwood flooring, and fireplaces with modern recessed lighting and a full renovation designed to support today’s functionality.
The first-floor layout is well-suited for a small private office and includes two large offices, an open meeting room/space, a restroom, and a gourmet kitchen with commercial-grade appliances, plus a charming private outdoor patio. The second floor could work for office or residential/apartment use and includes three offices or living spaces, a full bathroom, and a wet-bar kitchenette.
Located in Monroe Ward, directly across from the Jefferson Hotel, the property is described as highly walkable to the VCU and MCV campuses as well as the CBD and Capitol complex. The flexible configuration supports an owner-occupant seeking an urban headquarters or live-work environment, or an investor looking for a well-located, move-in ready asset.
The first-floor layout is well-suited for a small private office and includes two large offices, an open meeting room/space, a restroom, and a gourmet kitchen with commercial-grade appliances, plus a charming private outdoor patio. The second floor could work for office or residential/apartment use and includes three offices or living spaces, a full bathroom, and a wet-bar kitchenette.
Located in Monroe Ward, directly across from the Jefferson Hotel, the property is described as highly walkable to the VCU and MCV campuses as well as the CBD and Capitol complex. The flexible configuration supports an owner-occupant seeking an urban headquarters or live-work environment, or an investor looking for a well-located, move-in ready asset.
Key Highlights
- Restored 1900 two‑story brick duplex with historic charm and Georgian elements
- End unit with prominent street presence and plenty of natural light
- 1st‑floor layout includes 2 large offices, open meeting room/space, restroom, and gourmet kitchen with commercial‑grade appliances plus private outdoor patio
Financial Insights For Office B
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 | $50.3k | $21.24 |
| − Vacancy | −$7.8k | −$3.31 |
| EGI | $42.5k | $17.93 |
| − OpEx | −$10.6k | −$4.48 |
| NOI | $31.9k | $13.44 |
2,369 SF · lease $21.24/SF/yr · vacancy 15.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$455.0K
$398.1K – $530.9K
NOI $31,851 @ 7.0% cap · market cap 4.25%
Second Best
Multifamily LT 5
$446.5K
$390.7K – $521.0K
NOI $31,258 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$547.3K
$478.9K – $638.5K
NOI $38,312 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,144
Businesses Nearby
Explore this area
Business Placement
Demographics for 23220, VA
36,942
Population
16,561
Households
2.2
Avg Household Size
27
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
7,696
Density / Sq Mi
$56,681
Median Household Income
$33,249
Median Earnings
$1,354
Median Rent
$468,900
Median Home Value
Market
Vacancy Rate% for Office in Richmond, VA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - A restored 1900 brick duplex with flexible office or residential layout, including a private patio and modernized finishes.
Where is this live-work space located?
The property is located at 5 S Adams St Richmond, VA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Restored 1900 two‑story brick duplex with historic charm and Georgian elements; End unit with prominent street presence and plenty of natural light; 1st‑floor layout includes 2 large offices, open meeting room/space, restroom, and gourmet kitchen with commercial‑grade appliances plus private outdoor patio
