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    Richmond, VA Multifamily Properties for Sale

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    Henrico, VA Bon Air, VA Goochland, VA
    53 results
    Richmond Multifamily Investment Opportunity
    $989,000
    6,448 SF

    Richmond Multifamily Investment Opportunity

    2115 Phaup Street, Richmond, VA 23223

    Nine-unit multifamily property with stabilized income in Richmond, Virginia.

    • High Cap Rate: Enjoy stabilized rental income with an approximate 8.5% cap rate, potentially reaching 9.5% based on current seller‑provided operating figures.
    • Consistent Unit Mix: Features nine 2‑bedroom, 1‑bath residences, each approximately 700 square feet.
    • Newer Roof and Exterior Access: Benefit from a newer roof and new exterior access, reducing immediate maintenance.
    • Durable Brick Construction: The low‑maintenance brick facade ensures long‑term structural integrity.
    • Strong Rent Roll: All units are tenant occupied, supported by a strong rent roll.
    Updated: May 24
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    Turnkey Multifamily with Heat Pumps
    $1,150,000
    6,087 SF

    Turnkey Multifamily with Heat Pumps

    2517 Grove Avenue, Richmond, VA 23220

    Fully leased-feeling rental property with separate electric meters, owner-paid water, and four off-street parking spaces in Richmond.

    • Multifamily building with four units: three 2BR/1BA apartments and one 1BR/1BA apartment
    • Central air and heat pump systems in each unit with individual thermostat controls
    • Separately metered for electricity; owner provides water
    • 4 off‑street parking spaces plus garage and off‑street parking
    • Front porch roof replaced March 2026
    Updated: May 20
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    New Construction Multifamily in Richmond
    $699,000
    2,669 SF

    New Construction Multifamily in Richmond

    New construction duplex in historic Manchester, near downtown Richmond.

    115 W 10th Street, Richmond, VA 23224
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    Richmond Duplex Near McGuire Center
    $599,950
    3,148 SF

    Richmond Duplex Near McGuire Center

    Well-maintained duplex on a spacious lot near McGuire VA.

    1400 Broad Rock Boulevard, Richmond, VA 23224
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    Richmond Duplex: Leased Investment Opportunity
    $699,000
    2,620 SF

    Richmond Duplex: Leased Investment Opportunity

    Classic Richmond duplex with updated units and strong rental income.

    4412 Cutshaw Avenue, Richmond, VA 23230
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    Income-Producing Duplex with Garage
    $329,900
    1,624 SF

    Income-Producing Duplex with Garage

    All-brick duplex with two units, currently rented, on large lot.

    9822 Brandywine Avenue, North Chesterfield, VA 23237
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    Renovated Duplex in Richmond
    $429,900
    3,116 SF

    Renovated Duplex in Richmond

    Beautifully renovated duplex in Richmond with new kitchens and baths.

    4202 Chamberlayne Avenue, Richmond, VA 23227
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    Renovated Duplex Near VCU
    $1,050,000
    3,302 SF

    Renovated Duplex Near VCU

    Newly renovated duplex near VCU, perfect for investment or owner-occupancy.

    16 S Harrison Street, Richmond, VA 23220
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    Colonial Duplex in Historic Richmond
    $499,900
    2,214 SF

    Colonial Duplex in Historic Richmond

    Charming, renovated duplex in the heart of Jackson Ward.

    613 Price Street, Richmond, VA 23220
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    Historic Victorian Duplex Near VCU
    $575,000
    2,494 SF

    Historic Victorian Duplex Near VCU

    Charming Victorian duplex in Richmond, ideal for owner-occupants or investors.

    218 W Main Street, Richmond, VA 23220
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    Modern Duplex in Richmond, VA
    $485,000
    2,010 SF

    Modern Duplex in Richmond, VA

    New construction duplex: ideal investment or owner-occupant opportunity.

    1703 Maury Street, Richmond, VA 23224
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    Richmond Duplex Ready For Renovation
    $400,000
    2,322 SF

    Richmond Duplex Ready For Renovation

    Duplex in Richmond, needs full renovation, sold as-is.

    10 N Lombardy Street, Richmond, VA 23220
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    Mixed-Use Investment Property
    $618,000
    1,518 SF

    Mixed-Use Investment Property

    Mixed-use building with two efficiency apartments and a business office, plus rear parking for tenant and client convenience.

    2603 W Grace Street, Richmond, VA 23220
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    Fan District Quadplex Investment
    $800,000
    2,694 SF

    Fan District Quadplex Investment

    Classic 1910 brick quadplex in Richmond's desirable Fan District.

    2607 W Grace Street, Richmond, VA 23220
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    Historic Broom Factory Condominiums
    $5,100,000
    0.16 Acres

    Historic Broom Factory Condominiums

    Restored historic building with modern condominiums in Shockoe Bottom.

    2201 E Main St, Richmond, VA 23223
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    Ginter Park Triplex Opportunity
    $450,000
    1,926 SF

    Ginter Park Triplex Opportunity

    Rare triplex in Ginter Park Terrace, perfect for rental income.

    3020 Edgewood Avenue, Richmond, VA 23222
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    Updated Duplex in Highland Park
    $349,900
    1,934 SF

    Updated Duplex in Highland Park

    Richmond duplex with upgrades, income potential, and outdoor space.

    3208 Carolina Avenue, Richmond, VA 23222
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    Renovated Multifamily Building with Development Potential
    $889,000
    3,218 SF

    Renovated Multifamily Building with Development Potential

    Fully renovated 7-unit building with development potential in Richmond, VA.

    2863 Hull St, Richmond, VA 23224
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    Fan Storefront with Apartment Above
    $545,000
    0.03 Acres

    Fan Storefront with Apartment Above

    Mixed-use property in Richmond's Fan District with income potential.

    2227 Park Ave, Richmond, VA 23220
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    Richmond Duplex in Growing Area
    $485,000
    0.07 Acres

    Richmond Duplex in Growing Area

    Two-story duplex in Richmond's high-growth area, ideal for living/investment.

    714 Chimborazo Blvd, Richmond, VA 23223
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    Fan District Triplex For Sale
    $899,000
    3,687 SF

    Fan District Triplex For Sale

    Richmond triplex in the Fan District with strong rental potential.

    1615 W Grace St, Richmond, VA 23220
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    Richmond Duplex Ready for Renovation
    $265,000
    1,812 SF

    Richmond Duplex Ready for Renovation

    Investor special: duplex in Battery Park, ready for renovation.

    2714 Edgewood Avenue, Richmond, VA 23222
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    Fan District Quadplex Investment
    $800,000
    2,694 SF

    Fan District Quadplex Investment

    Classic 1910 brick quadplex in Richmond's desirable Fan District.

    2607 W Grace St, Richmond, VA 23220
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    Museum District Duplex For Sale
    $439,000
    1,540 SF

    Museum District Duplex For Sale

    1962 duplex in the heart of the Museum District.

    3114 Park Avenue, Richmond, VA 23221
    View details

    Richmond, VA Multifamily Properties Investment Opportunities Market Analysis

    Explore 72 multifamily properties for sale in Richmond, VA, showcased through 53 active listings on our real estate platform. These investment opportunities span a total of 175,416 square feet of properties for sale, with an estimated market value of $34,139,450.

    Sale prices for multifamily properties in Richmond, VA start at $249,900, averaging $948,318, and reaching up to $7,750,000 — 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

    Apartment buildings 23
    Duplexes 17
    Quadplexes 4
    Short term rental properties 4
    Triplexes 3

    Property Size Breakdown

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

    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 median listing prices of real estate assets

    Neighborhood Average Price
    23225 $249.9K
    23227 $429.9K
    23221 $519K
    23224 $668.2K
    23230 $699K

    Taxes & Financing

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

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    Most Searched ZIP Codes in Richmond, VA

    • 23220
    • 23223
    • 23222
    • 23219
    • 23224
    • 23221
    • 23225
    • 23237
    • 23227
    • 23230
    • 23234

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