2021 North Avenue, Richmond, VA 23222

Property Description

Prime mixed-use investment opportunity located in the heart of Richmond, Virginia. Totaling 3,968 square feet, the property features a fully operational laundromat on the ground floor, providing stable commercial income. Upstairs, two beautifully finished Class A apartments offer modern, high-end living. One unit is a spacious two-bedroom, two-bath layout, while the other is a generous one-bedroom, one-bath unit. In 2024, the short-term net rental income from the Airbnb exceeded $46,000, highlighting the property’s strong cash flow potential. In addition to the existing improvements, the property includes a buildable lot, presenting a unique development opportunity for additional residential units or a mixed-use concept. Ideally situated in Richmond’s Northside, the property is surrounded by a wave of revitalization—including new multifamily developments, restaurants, and small businesses—all contributing to the area’s continued growth and appeal. With close proximity to downtown Richmond, Virginia Union University, and easy access to I-64 and I-95, this offering is a rare chance to invest in one of the city’s fastest-improving corridors.