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    Richmond, VA Residential Income Properties for Sale

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    85 properties
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    15-Unit Apartment Building
    Updated: Sep 3
    15-Unit Apartment Building

    412 N 3rd Street, Richmond, VA 23219

    $3,100,000
    18,336 sqft 0.30 AC lot
    15 apartments with 10 one‑bedroom units and 5 two‑bedroom units
    18,336 square feet on a 0.2998‑acre site
    Built in 1930 and redeveloped in 2011
    Designated solar panels and energy‑efficient building systems
    Attached garage plus paved, off‑street, assigned, and open parking
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    Two-Unit Duplex with Porches
    Updated: Sep 1
    Two-Unit Duplex with Porches

    1416 Porter Street, Richmond, VA 23224

    $574,000
    2,384 sqft 0.12 AC lot
    Two 2‑bedroom, 2‑bathroom units totaling 2,384 square feet
    One residence leased; second unit vacant and move‑in ready
    Built in 2010 with open‑concept layouts and hardwood main living areas
    Stainless steel appliances and abundant cabinetry in both kitchens
    Covered rear porches, fenced backyard, and off‑street parking
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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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    See what stands out in Richmond City County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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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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    Brick Duplex with Separate Utilities
    Brick Duplex with Separate Utilities

    3427 W Franklin Street, Richmond, VA 23221

    $624,950
    1,810 sqft 0.19 AC lot

    Two independent apartments offer hardwood floors, in-unit laundry, updated kitchens, and established rental occupancy.

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

    2609 W Main Street, Richmond, VA 23220

    $650,000
    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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    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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    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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    Brick Quadplex Near VCU
    Brick Quadplex Near VCU

    1209 Wallace Street, Richmond, VA 23220

    $765,000
    2,496 sqft 0.14 AC lot

    Four leased apartments occupy a brick Colonial building with a fenced lot, porch, and public utilities.

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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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    Renovated Mixed-Use Property
    Renovated Mixed-Use Property

    304 E Grace St, Richmond, VA 23219

    $1,500,000
    9,412 sqft

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

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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    4412 Cutshaw Avenue, Richmond, VA 23230

    $699,000
    2,096 sqft 0.14 AC lot

    Fully leased duplex with separate utility meters, private porches, fenced outdoor space, and off-street parking.

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    Renovated Duplex on Double-Wide Lot
    Renovated Duplex on Double-Wide Lot

    2915 Hull Street, Richmond, VA 23224

    $349,950
    2,181 sqft 0.16 AC lot

    Two leased units include updated kitchens, bathrooms, plumbing, and electrical systems.

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    Duplex with Two-Car Garage
    Duplex with Two-Car Garage

    3106 W Grace St, Richmond, VA 23221

    $750,000
    2,420 sqft

    Two-unit residential property with private front and rear access, covered porches, and shared basement storage.

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    Brick Duplex with Two Units
    Brick Duplex with Two Units

    220 W Marshall Street, Richmond, VA 23220

    $480,000
    2,022 sqft 0.03 AC lot

    Two-bedroom units offer updated kitchens, hardwood floors, and flexibility for rental income or owner-occupancy.

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    Duplex with Updated Kitchens
    Duplex with Updated Kitchens

    222 W Marshall Street, Richmond, VA 23220

    $480,000
    2,142 sqft 0.03 AC lot

    Two residences feature open kitchen-to-living layouts, hardwood flooring, generously sized bedrooms, and one bathroom each.

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    Brick Duplex with Separate Utilities
    Brick Duplex with Separate Utilities

    3427 W Franklin St, Richmond, VA 23221

    $624,950
    1,810 sqft

    Two independently metered apartments offer hardwood floors, updated kitchens, and in-unit laundry.

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    9-Unit Brick Apartment Building
    9-Unit Brick Apartment Building

    2115 Phaup Street, Richmond, VA 23223

    $989,000
    6,448 sqft 0.27 AC lot

    Two-story rental property with all residences occupied and a mix of private entrances, courtyard space, and off-street parking.

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    Duplex with Covered Porches
    Duplex with Covered Porches

    2319 M St, Richmond, VA 23223

    $585,000
    2,217 sqft

    Two separate residences feature updated interiors, private porches, and access to a fenced backyard.

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    Four-Unit Quadplex with Balconies
    Four-Unit Quadplex with Balconies

    1422 Bainbridge Street, Richmond, VA 23224

    $1,300,000
    5,262 sqft 0.11 AC lot

    Completed in 2024, the property offers two-bedroom, two-bath residences with off-street parking.

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    Renovated Side-by-Side Duplex
    Renovated Side-by-Side Duplex

    2218 /2220 M St, Richmond, VA 23223

    $749,000
    2,943 sqft

    Two residences offer a 2-bedroom and 3-bedroom configuration in Richmond’s Union Hill neighborhood.

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    20-Unit Apartment Building
    20-Unit Apartment Building

    1401 Coalter Street, Richmond, VA 23223

    $2,399,900
    0.59 AC lot

    Five separate quad buildings provide two-level apartment layouts with public water and sewer service.

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    Modern Duplex with Open Layouts
    Modern Duplex with Open Layouts

    206 W 14th St, Richmond, VA 23224

    $709,999
    2,996 sqft

    Two contemporary residences offer flexible occupancy options, updated finishes, and convenient access to Richmond’s urban amenities.

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    Mixed-Use Triplex with Office Space
    Mixed-Use Triplex with Office Space

    2603 W Grace Street, Richmond, VA 23220

    $599,950
    1,518 sqft 0.11 AC lot

    The property combines two efficiency apartments with a separate office area and public water and sewer service.

    View details

    Richmond, VA Residential Income Properties Market Trends and Statistics

    Explore 85 residential income properties for sale in Richmond, VA, showcased through 85 active listings on our real estate platform. These investment opportunities span a total of 540,760 square feet of properties for sale, with an estimated market value of $71,635,698.

    Sale prices for residential income properties in Richmond, VA start at $249,900, averaging $1,069,189, 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

    Multifamily properties 101
    Apartment buildings 38
    Duplexes 38
    Quadplexes 10
    Short term rental properties 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
    23235 $500K
    23221 $750K
    23224 $765.4K
    23230 $844.5K
    23220 $893.6K

    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 pricing trends across core commercial property types 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.

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    Popular Searches in Richmond, VA

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    Most Searched ZIP Codes in Richmond, VA

    • 23220
    • 23223
    • 23224
    • 23219
    • 23222
    • 23230
    • 23221
    • 23227
    • 23225
    • 23226
    • 23231
    • 23234

    Featured Richmond Real Estate Agencies

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

    Joyner Fine Properties
    2727 Enterprise Parkway Richmond, VA 23294
    Phone: 18042709440
    www.joynerfineproperties.com
    Century 21 All American
    701 C Southlake Blvd. Richmond, VA 23236
    Phone: 18043782221
    www.Century21allamerican.com

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