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    Richmond, VA Residential Income Properties for Sale

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    Henrico, VA Bon Air, VA Goochland, VA
    57 listings
    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 three 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment
    • Each unit has central air and heat pump systems with individual thermostat controls
    • Utilities setup: units are separately metered for electricity; owner provides water; public water and public sewer
    • Parking includes a garage and off‑street parking plus 4 off‑street parking spaces
    • Front porch roof replaced in March 2026
    Updated: May 20
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    Historic Duplex With Two 4BR Units
    $1,069,950
    5,703 SF
    Historic Duplex With Two 4BR Units

    Built in 1908, this duplex offers two 4-bedroom, 2-bath apartments with dedicated laundry, storage, and recent interior upgrades.

    2034 W Grace Street, Richmond, VA 23220

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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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    Two-Story Duplex on Corner Lot
    $299,000
    4,031 SF
    Two-Story Duplex on Corner Lot

    Two-story duplex with four bedrooms, two baths, and a fenced yard, offered as-is for an owner seeking rental housing.

    1708 Mechanicsville Turnpike, Richmond, VA 23223

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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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    New Construction Duplex Income Property
    $718,000
    2,764 SF
    New Construction Duplex Income Property

    Two-unit duplex with modern finishes, newly constructed and scheduled for completion in November 2026.

    117 W 10th Street, Richmond, VA 23224

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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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    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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    Church Hill Duplex with Off-Street Parking
    $449,500
    0.07 Acres
    Church Hill Duplex with Off-Street Parking

    Two-unit duplex with dedicated off-street parking, fenced backyard, original hardwood floors, and shared laundry setup.

    404 N 33rd St, Richmond, VA 23223

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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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    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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    Downtown Richmond Redevelopment Opportunity
    $725,000
    6,630 SF
    Downtown Richmond Redevelopment Opportunity

    Historic building in Richmond's Arts District ready for redevelopment.

    307 E Broad St, Richmond, VA 23219

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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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    Richmond, VA Residential Income Properties Investment Opportunities Market Analysis

    Explore 72 residential income properties for sale in Richmond, VA, showcased through 57 active listings on our real estate platform. These investment opportunities span a total of 189,096 square feet of properties for sale, with an estimated market value of $36,296,600.

    Sale prices for residential income properties in Richmond, VA start at $249,900, averaging $1,008,238, 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

    Multifamily properties 54
    Apartment buildings 23
    Duplexes 18
    Quadplexes 4
    Short term rental properties 4

    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%

    Listings Trend

    Total CRE Area on Market Trend

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    Most Searched ZIP Codes in Richmond, VA

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

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