Residential Income Property with Remodeled
For Sale
$499,000
Pending
6161 River Road, Henrico, VA 23226
Residential, Henrico, VA
Property Size1,799 SF
Days on Market24
Property Features for 6161 River Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R5
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Dining Room, Bedroom 2, Bedroom 3, Bedroom 1
Parking features
On Street
Patio and Porch features
Porch, Patio
Interior features
BedroomOnMainLevel, EnSuiteBathroom, FullBathOnMainLevel, Fireplace, GraniteCounters
Exterior features
Porch, Storage
Fireplace
1
Appliances
Dryer, WasherDryerStacked, Dishwasher, ExhaustFan, ElectricCooking, Disposal, GasWaterHeater, Microwave, Oven, Refrigerator, Stove
Elementary school
Tuckahoe
Middle school
Tuckahoe
High school
Freeman
Directions
Check in at Chatham Square gatehouse, then take right. Unit 36 is in the first 4-unit building on the right.
Subdivision
22 - Henrico
Standard status
Pending
APN
763-731-0250
Size
1,799 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
RIVER RD AC 10.12 95A B1 8
Tax Annual Amount
240302
HOA Fee
$1,590 Monthly
Legal Description
RIVER RD AC 10.12 95A B1 8
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
gated community
gas fireplace
sunroom
private backyard patio
hardwood floors
24-hour on-site security
Building Details
Year built
1967
Floors in Building
1
Flooring type
Vinyl, Carpet, Wood
Building materials
Brick, Drywall, Hardboard, WoodSiding
Roof type
Slate
Architectural style
Colonial
Additional Structures
Storage
Listing Agency:
Shaheen Ruth Martin & Fonville
(804) 288-2100
Listed By:
Greg Somerville · License #0225252731
(804) 551-4449
Added: Sep 27
Changed: Oct 19
Last Checked: Oct 20 at 10:06PM
MLS# 2626215
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.
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Investment Insights
Based on property information with market context.
This 1,799-square-foot, first-floor residence in a cooperative community has three bedrooms and two full baths. Its kitchen was remodeled in September 2026 with new cabinetry, granite countertops, an Italian tile backsplash, LVP flooring, and new appliances. The layout also includes a living room with a gas fireplace, a dining room, and a sunroom that opens onto a private backyard patio. Hardwood flooring runs through much of the home, with carpet in the sunroom and vinyl flooring also present.
The gated community occupies more than 10 acres and includes landscaped grounds, mature trees, private roads, and a central fountain. The residence is less than one mile from the University of Richmond and Country Club of Virginia, as well as walking trails, dining, and shopping. Community features include 24-hour on-site security and exterior and grounds maintenance; real estate taxes are included in the monthly association fee.
The gated community occupies more than 10 acres and includes landscaped grounds, mature trees, private roads, and a central fountain. The residence is less than one mile from the University of Richmond and Country Club of Virginia, as well as walking trails, dining, and shopping. Community features include 24-hour on-site security and exterior and grounds maintenance; real estate taxes are included in the monthly association fee.
Key Highlights
- 1,799‑square‑foot first‑floor residence with no interior stairs
- Three bedrooms and two full baths
- Kitchen remodeled in September 2026 with new appliances and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,396
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,920
$347.9K
Cap Rate 7%
$248,514
$248.5K
Cap Rate 9%
$193,289
$193.3K
Market Conditions
NOI Build-Up for 1,799 SF
Gross rent
$34.8K $19.32/SF
− Vacancy
−$3.1K −$1.74/SF
EGI
$31.6K $17.58/SF
− OpEx
−$14.2K −$7.91/SF
NOI
$17.4K $9.67/SF
Area
Richmond City County, VA
Vacancy
9.00%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,920
Cap Rate 7%
$248,514
Cap Rate 9%
$193,289
Alternative Uses
Best Use
Apartment 5plus
$248.5K
$217.5K – $289.9K
NOI $17,396 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$312.3K
$273.2K – $364.3K
NOI $21,858 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Explore this area
Business Placement
Demographics for 23226, VA
16,955
Population
7,827
Households
2.2
Avg Household Size
38
Median Age
75%
College-Educated
95%
High-School Grad
5.6 sq mi
ZIP Area
3,028
Density / Sq Mi
$126,554
Median Household Income
$70,786
Median Earnings
$1,725
Median Rent
$496,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The first-floor home has three bedrooms, two full baths, and no interior stairs.
Where is this residential income property located?
The property is located at 6161 River Road Henrico, VA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,799‑square‑foot first‑floor residence with no interior stairs; Three bedrooms and two full baths; Kitchen remodeled in September 2026 with new appliances and granite countertops
