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    Richmond, VA Multifamily Properties for Sale

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    Henrico, VA Mechanicsville, VA Glen Allen, VA Chesterfield, VA Highland Springs, VA Sandston, VA Midlothian, VA Ashland, VA
    83 properties
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    9-Unit Brick Apartment Building
    Updated: May 24
    9-Unit Brick Apartment Building

    2115 Phaup Street, Richmond, VA 23223

    $989,000
    6,448 sqft 0.27 AC lot
    9‑unit building with nine 2‑bedroom, 1‑bath residences
    Approximately 6,448 square feet on a 0.27‑acre parcel
    Two‑story brick construction built in 1950
    All units tenant occupied
    Public water and public sewer
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    4-Unit Brick Quadplex
    Updated: Sep 29
    4-Unit Brick Quadplex

    1721 Grove Avenue, Richmond, VA 23220

    $1,295,000
    4,728 sqft 0.09 AC lot
    4 units with 1-, 2-, and 3‑bedroom layouts
    4,728 square feet of living area
    Brick construction; built in 1912
    Basement and gas water heater
    On‑street parking; public water and sewer
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    15-Unit Apartment Building
    15-Unit Apartment Building

    412 N 3rd Street, Richmond, VA 23219

    $3,100,000
    18,336 sqft 0.30 AC lot

    Redeveloped historic property with solar panels, attached garage parking, patio space, and energy-efficient building systems.

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    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
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    2024 Quadplex with Balconies
    2024 Quadplex with Balconies

    1422 Bainbridge St, Richmond, VA 23224

    $1,300,000
    5,262 sqft

    Four two-bedroom, two-bath residences offer wood flooring, high ceilings, natural light, and off-street parking.

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    Italianate Three-Unit Triplex
    Italianate Three-Unit Triplex

    101 W Clay Street, Richmond, VA 23220

    $599,900
    3,044 sqft 0.06 AC lot

    Three apartments offer a mix of two- and three-bedroom layouts in a brick rowhouse with historic interior details.

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    Brick Quadplex with Fenced Yard
    Brick Quadplex with Fenced Yard

    1209 Wallace Street, Richmond, VA 23220

    $755,000
    2,496 sqft 0.14 AC lot

    Leased four-unit residential property with separate utility metering, mini-split systems, and outdoor space.

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

    1416 Porter Street, Richmond, VA 23224

    $574,000
    2,384 sqft 0.12 AC lot

    Well-maintained Richmond duplex with one leased residence and a second move-in-ready unit.

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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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    Four-Unit Tudor Revival Quadplex
    Four-Unit Tudor Revival Quadplex

    609 Tilden Street, Richmond, VA 23221

    $895,000
    3,375 sqft 0.07 AC lot

    Four separate two-bedroom apartments include individual porches, with tenants responsible for their own utilities.

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    Contemporary Duplex with Modern Finishes
    Contemporary Duplex with Modern Finishes

    206 W 14th Street, Richmond, VA 23224

    $709,999
    2,996 sqft 0.08 AC lot

    Two residences offer open living areas, low-maintenance design, and assigned, off-street, and on-street parking.

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    Renovated Mixed-Use Property
    Renovated Mixed-Use Property

    304 E Grace St, Richmond, VA 23219

    $1,399,000
    9,412 sqft

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

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    Three-Unit Triplex with Leaded Glass
    Three-Unit Triplex with Leaded Glass

    1505 Grove Avenue, Richmond, VA 23220

    $985,000
    3,337 sqft 0.07 AC lot

    Three residences include a first-floor unit and two upper-level apartments, with an attic loft in one apartment.

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    Two-Unit Duplex with Fireplaces
    Two-Unit Duplex with Fireplaces

    2609 W Main Street, Richmond, VA 23220

    $625,000
    2,296 sqft 0.07 AC lot

    Two one-bedroom residences offer a flexible rental configuration with off-street parking, basement space, and a fenced rear yard.

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    Mixed-Use Corner Property
    Mixed-Use Corner Property

    221 E Clay St, Richmond, VA 23219

    $1,050,000
    4,090 sqft

    Renovated 4,090 SF mixed-use building with a corner storefront and residential income space across two floors.

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    Renovated Duplex with Separate Meters
    Renovated Duplex with Separate Meters

    4202 Chamberlayne Avenue, Richmond, VA 23227

    $449,500
    3,116 sqft 0.31 AC lot

    Two apartments offer different bedroom and bath configurations, with rear off-street parking and basement storage.

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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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    Four-Unit Byrd Park Property
    Four-Unit Byrd Park Property

    2004 Rosewood Ave, Richmond, VA 23220

    $799,000
    2,382 sqft

    Four separately metered residences with private laundry, individual water heaters, and rear off-street parking.

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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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    Historic Triplex with Period Details
    Historic Triplex with Period Details

    1505 Grove Ave, Richmond, VA 23220

    $985,000
    3,337 sqft

    The three-unit configuration places one residence on the ground floor and two income-producing units above.

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    Two-Unit Duplex with Off-Street Parking
    Two-Unit Duplex with Off-Street Parking

    8 S Robinson Street, Richmond, VA 23220

    $399,950
    1,789 sqft 0.05 AC lot

    Each unit includes two bedrooms, one bath, gas cooking and heating, and central air.

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    Four-Unit Tudor Revival Quadplex
    Four-Unit Tudor Revival Quadplex

    609 Tilden St, Richmond, VA 23221

    $895,000
    3,375 sqft

    Four separate two-bedroom apartments feature hardwood floors, appliances, laundry equipment, and individual porch areas.

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    2-Unit Brick Duplex
    2-Unit Brick Duplex

    7 N 21st Street, Richmond, VA 23223

    $449,000
    1,648 sqft 0.04 AC lot

    Both residences are leased through mid-2027, with open living areas and an enclosed rear deck.

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    Two-Unit Duplex with Fireplaces
    Two-Unit Duplex with Fireplaces

    2609 W Main St, Richmond, VA 23220

    $650,000
    2,296 sqft

    Two one-bedroom residences offer flexible rental use with off-street parking and a fenced rear yard.

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    Two-Unit Duplex with Updated Kitchens
    Two-Unit Duplex with Updated Kitchens

    220 W Marshall Street, Richmond, VA 23220

    $455,000
    2,022 sqft 0.03 AC lot

    Two-bedroom residences feature hardwood floors, fireplaces and kitchen layouts that open to the living areas.

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    Richmond, VA Multifamily Properties Market Trends and Statistics

    Explore 83 multifamily properties for sale in Richmond, VA, showcased through 83 active listings on our real estate platform. These investment opportunities span a total of 465,610 square feet of properties for sale, with an estimated market value of $69,027,847.

    Sale prices for multifamily properties in Richmond, VA start at $294,900, averaging $958,720, 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

    Duplexes 45
    Apartment buildings 23
    Quadplexes 10
    Short term rental properties 4
    Triplexes 4

    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
    23225 $375K
    23227 $474.9K
    23222 $521K
    23221 $681.7K
    23220 $747.2K

    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 Residential Income pricing trends 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.

    How Realmo verifies these figures

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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
    • 23227
    • 23225
    • 23226

    Featured Richmond Real Estate Agencies

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

    Century 21 All American
    701 C Southlake Blvd. Richmond, VA 23236
    Phone: 18043782221
    www.Century21allamerican.com
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