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    Richmond, VA Quadplexes for Sale

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    Fan District Quadplex Investment
    Updated: Apr 24
    Fan District Quadplex Investment

    2607 W Grace St, Richmond, VA 23220

    $800,000
    2,694 sqft
    Prime Fan District location, highly walkable to restaurants, museums, shopping, and nightlife.
    Classic 1910 brick quadplex with four (4) one‑bedroom apartments.
    Off‑street parking for two cars, a rare amenity in the Fan District.
    Strong buy‑and‑hold investment opportunity with long‑term upside potential.
    Durable brick exterior and charming front porch.
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    This listing looks promising.

    Here's a quick look at some key insights for

    2607 W Grace St, Richmond, VA 23220

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    • Est. Cap Rate

      4.4%
      NOI ÷ price

    • Est. NOI

      $36K
      Annual

    • Price @ 7% Cap

      $508K
      Suggested

    • Property Type

      Single Family Residence
      Built 1840
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    Renovated Quadplex with Flexible Lease
    Updated: Jul 5
    Renovated Quadplex with Flexible Lease

    4915 Chamberlayne Avenue, Richmond, VA 23227

    $589,900
    3,540 sqft 0.17 AC lot
    Full gut renovation completed in 2020; 3 units occupied on long‑term leases and 1 unit on a month‑to‑month lease
    Rent roll over $5,000 per month with existing stable tenant occupancy
    Property manager in place and willing to stay on
    Colonial‑style brick construction with drywall interior materials
    Electric water heater and public water and public sewer service
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    Colonial Multifamily with Courtyard
    Colonial Multifamily with Courtyard

    2125 Grove Avenue, Richmond, VA 23220

    $1,080,000
    4,804 sqft 0.12 AC lot

    Colonial-style income property with 10-foot ceilings, hardwood floors, and recent roof, window, and appliance updates.

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    Turnkey Multifamily with Heat Pumps
    Turnkey Multifamily with Heat Pumps

    2517 Grove Avenue, Richmond, VA 23220

    $1,150,000
    6,087 sqft 0.16 AC lot

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

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Fan District Quadplex Investment
    Fan District Quadplex Investment

    2607 W Grace Street, Richmond, VA 23220

    $800,000
    2,694 sqft 0.08 AC lot

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

    View details
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 5 Active listings in Richmond, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Four-Unit Quadplex for Sale
    Four-Unit Quadplex for Sale

    840 W Ocean View Avenue, Norfolk, VA 23503

    $1,850,000
    4,020 sqft

    Well-maintained four-unit quadplex with in-unit washer and dryer for each unit.

    View details
    Renovated Four-Unit Quadplex
    Renovated Four-Unit Quadplex

    145 GALVESTON Place SW, Washington, DC 20032

    $475,000
    2,720 sqft 0.10 AC lot

    Four fully renovated units with separately metered utilities and approximately $150/month owner water and common-area electricity costs.

    View details
    Turnkey Quadplex with Private Decks
    Turnkey Quadplex with Private Decks

    1439 W Ocean View Avenue, Norfolk, VA 23503

    $898,000
    3,200 sqft

    Turnkey quadplex offers separate electric metering and private decks for each unit.

    View details
    Four-Unit Residential Income Building
    Four-Unit Residential Income Building

    113 GALVESTON SW, Washington, DC 20032

    $1,000,000

    Four updated residential units each offer two bedrooms and one full bathroom, totaling eight bedrooms and four baths.

    View details

    Richmond, VA Quadplexes Market Trends and Statistics

    Explore 5 quadplexes for sale in Richmond, VA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 19,819 square feet of properties for sale, with an estimated market value of $4,419,900.

    Sale prices for four-unit buildings in Richmond, VA start at $589,900, averaging $883,980, and reaching up to $1,150,000 — 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 21
    Apartment buildings 19
    Quadplexes 5
    Short term rental properties 1
    Triplexes 1

    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 $249.9K
    23220 $957.5K

    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)

    Property Size Breakdown

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

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    Most Searched ZIP Codes in Richmond, VA

    • 23220
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