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    Richmond, VA Multifamily Properties for Sale

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    138 properties
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    Two-Unit Duplex with Porches
    Updated: Sep 1
    Two-Unit Duplex with Porches

    1416 Porter Street, Richmond, VA 23224

    $574,000
    2,384 sqft 0.12 AC lot
    Two 2‑bedroom, 2‑bathroom units totaling 2,384 square feet
    One residence leased; second unit vacant and move‑in ready
    Built in 2010 with open‑concept layouts and hardwood main living areas
    Stainless steel appliances and abundant cabinetry in both kitchens
    Covered rear porches, fenced backyard, and off‑street parking
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    Contemporary Duplex with Modern Finishes
    Updated: Jul 10
    Contemporary Duplex with Modern Finishes

    206 W 14th Street, Richmond, VA 23224

    $709,999
    2,996 sqft 0.08 AC lot
    2021‑built contemporary duplex with two residences
    2,996 square feet on a 0.0793‑acre lot
    Open‑concept interiors with high ceilings and abundant natural light
    Granite countertops, kitchen islands, and walk‑in closets
    Primary bedrooms feature private baths
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    Two-Unit Brick Duplex
    Two-Unit Brick Duplex

    3106 W Grace Street, Richmond, VA 23221

    $750,000
    2,420 sqft 0.07 AC lot

    Each residence offers separate front and rear access, formal dining, gas cooking, and covered outdoor space.

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    Fully Leased Historic Duplex
    Fully Leased Historic Duplex

    2034 W Grace St, Richmond, VA 23220

    $998,900
    5,703 sqft 0.10 AC lot

    Two four-bedroom apartments offer balconies, in-unit laundry, dining areas, storage, and off-street parking.

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    Historic Two-Unit Duplex
    Historic Two-Unit Duplex

    2034 W Grace Street, Richmond, VA 23220

    $998,900
    5,703 sqft 0.10 AC lot

    Fully leased apartments offer private balconies, in-unit laundry, and assigned off-street parking.

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    Duplex with Covered Porches
    Duplex with Covered Porches

    1416 Porter Street, Richmond, VA 23224

    $599,900
    2,384 sqft 0.12 AC lot

    Two-bedroom units combine open layouts, updated kitchens, private outdoor space, and off-street parking.

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    Brick Duplex with Off-Street Parking
    Brick Duplex with Off-Street Parking

    1119 W Grace Street, Richmond, VA 23220

    $635,000
    1,702 sqft

    Two separately metered residences provide central air, washer/dryer access, and public water and sewer service.

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    Renovated Mixed-Use Property
    Renovated Mixed-Use Property

    304 E Grace St, Richmond, VA 23219

    $1,500,000
    9,412 sqft

    Renovated apartments accompany first-floor commercial space and a small roof deck.

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    Brick Quadplex Near VCU
    Brick Quadplex Near VCU

    1209 Wallace Street, Richmond, VA 23220

    $765,000
    2,496 sqft 0.14 AC lot

    Four leased apartments occupy a brick Colonial building with a fenced lot, porch, and public utilities.

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    New Construction Duplex
    New Construction Duplex

    115 W 10th Street, Richmond, VA 23224

    $699,000
    2,669 sqft 0.07 AC lot

    Two residences offer distinct bedroom layouts, contemporary finishes, and assigned garage and off-street parking.

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    Renovated Side-by-Side Duplex
    Renovated Side-by-Side Duplex

    2218 /2220 M St, Richmond, VA 23223

    $749,000
    2,943 sqft

    Two residences offer a 2-bedroom and 3-bedroom configuration in Richmond’s Union Hill neighborhood.

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    Brick Duplex with Porches
    Brick Duplex with Porches

    4412 Cutshaw Avenue, Richmond, VA 23230

    $699,000
    2,620 sqft 0.14 AC lot

    Fully leased Colonial duplex with separate utility metering, private porches, fenced outdoor space, and off-street parking.

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    Renovated Duplex on Double-Wide Lot
    Renovated Duplex on Double-Wide Lot

    2915 Hull Street, Richmond, VA 23224

    $349,950
    2,181 sqft 0.16 AC lot

    Two leased units include updated kitchens, bathrooms, plumbing, and electrical systems.

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    Modern Duplex with Open Layouts
    Modern Duplex with Open Layouts

    206 W 14th St, Richmond, VA 23224

    $709,999
    2,996 sqft

    Two contemporary residences offer flexible occupancy options, updated finishes, and convenient access to Richmond’s urban amenities.

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    Brick Duplex with Two Units
    Brick Duplex with Two Units

    220 W Marshall Street, Richmond, VA 23220

    $480,000
    2,022 sqft 0.03 AC lot

    Two-bedroom units offer updated kitchens, hardwood floors, and flexibility for rental income or owner-occupancy.

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    Duplex with Updated Kitchens
    Duplex with Updated Kitchens

    222 W Marshall Street, Richmond, VA 23220

    $480,000
    2,142 sqft 0.03 AC lot

    Two residences feature open kitchen-to-living layouts, hardwood flooring, generously sized bedrooms, and one bathroom each.

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    Two-Unit Duplex Property
    Two-Unit Duplex Property

    2859 Hull St, Richmond, VA 23224

    $579,000
    2,697 sqft

    Two spacious residential units offer flexible occupancy and renovation potential in Richmond’s Hull Street Corridor.

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    9-Unit Brick Apartment Building
    9-Unit Brick Apartment Building

    2115 Phaup Street, Richmond, VA 23223

    $989,000
    6,448 sqft 0.27 AC lot

    Two-story rental property with all residences occupied and a mix of private entrances, courtyard space, and off-street parking.

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    Two-Unit Duplex with Porches
    Two-Unit Duplex with Porches

    1416 Porter St, Richmond, VA 23224

    $599,900
    2,384 sqft

    One leased unit and one move-in-ready vacancy support flexible occupancy options.

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    Four-Unit Quadplex with Balconies
    Four-Unit Quadplex with Balconies

    1422 Bainbridge Street, Richmond, VA 23224

    $1,300,000
    5,262 sqft 0.11 AC lot

    Completed in 2024, the property offers two-bedroom, two-bath residences with off-street parking.

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    Brick Duplex with Off-Street Parking
    Brick Duplex with Off-Street Parking

    1119 W Grace St, Richmond, VA 23220

    $635,000
    1,702 sqft

    Two units offer central air, laundry, and separate gas and electric metering.

    View details
    20-Unit Apartment Building
    20-Unit Apartment Building

    1401 Coalter Street, Richmond, VA 23223

    $2,399,900
    0.59 AC lot

    Five separate quad buildings provide two-level apartment layouts with public water and sewer service.

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    Brick Quadplex
    Brick Quadplex

    1209 Wallace St, Richmond, VA 23220

    $765,000
    2,496 sqft

    Fully leased four-unit property with tenant-paid utilities and recent improvements.

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    Mixed-Use Triplex with Office Space
    Mixed-Use Triplex with Office Space

    2603 W Grace Street, Richmond, VA 23220

    $599,950
    1,518 sqft 0.11 AC lot

    The property combines two efficiency apartments with a separate office area and public water and sewer service.

    View details

    Richmond, VA Multifamily Properties Market Trends and Statistics

    Explore 138 multifamily properties for sale in Richmond, VA, showcased through 138 active listings on our real estate platform. These investment opportunities span a total of 602,961 square feet of properties for sale, with an estimated market value of $66,257,698.

    Sale prices for multifamily properties in Richmond, VA start at $249,900, averaging $1,068,672, and reaching up to $5,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 61
    Duplexes 43
    Quadplexes 19
    Short term rental properties 6
    Triplexes 3

    Demographics Overview

    Population 594K
    Population Growth (5Y) +3.2%
    Median Household Income $75,947
    College Educated 27.8%

    High-Yield Neighborhoods for Investment

    Identify Richmond submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    23235 $500K
    23221 $750K
    23224 $765.4K
    23230 $844.5K
    23220 $893.6K

    Taxes & Financing

    Tax Rate (average for all types) 0.37%
    Property Tax per SF $7.41 per SF
    Tax Rate vs County Average 0.05 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Richmond City County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Richmond City County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Richmond fall within the 100,000+ square foot range.

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    Browse Multifamily properties for Sale Near Richmond, VA

    Popular Searches in Richmond, VA

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    Most Searched ZIP Codes in Richmond, VA

    • 23220
    • 23223
    • 23224
    • 23219
    • 23222
    • 23221
    • 23230
    • 23225
    • 23227
    • 23226
    • 23231
    • 23234

    Featured Richmond Real Estate Agencies

    Realmo connects you with licensed Richmond CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Joyner Fine Properties
    2727 Enterprise Parkway Richmond, VA 23294
    Phone: 18042709440
    www.joynerfineproperties.com
    Century 21 All American
    701 C Southlake Blvd. Richmond, VA 23236
    Phone: 18043782221
    www.Century21allamerican.com

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