Property profile

3118 Kensington Ave Richmond, VA 23221

OFF-MARKET
Apartment buildings
Property ID
US87-0691720
4,941 SF 0.14 ac lot Built 1923
Entity Owned Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1923
Construction BRICK
Total area 4,941 SF
Lot 0.14 ac (6,000 SF)
Zoning code R-6 SINGLE FAMILY ATTACHE
APN W-000-1412-020
UPID US87-0691720

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3118 Kensington Ave Richmond, VA 23221-2445
Richmond metro Census 40600 RICHMOND, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$565k

Owner & transaction history

2 recorded transactions
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-6 SINGLE FAMILY ATTACHE · Richmond, VA
Top alternative use upside
Auto repair, garage $900,000 +13.3%
Medical building $825,000 +3.6%
Neighborhood: shopping center $810,000 +2.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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