1221 Perry Street, Richmond, VA 23224

Property Description

1221 Perry Street is a fully leased, three-story duplex offering a prime investment opportunity in the heart of Manchester, one of Richmond’s most exciting and fastest-growing neighborhoods. Built in 2012 and totaling 3,000 square feet, the property has been exceptionally well maintained with durable Hardiplank siding and dimensional roofing. The building features two thoughtfully designed units: a spacious 4-bedroom, 2-bath layout and a 2-bedroom, 2-bath layout. The 4-bedroom unit is a rare offering for newer construction in the neighborhood, as most comparable duplexes are limited to 3-bedroom floorplans—providing increased rent potential and long-term income stability. Both units showcase high-end finishes, including polished concrete and hardwood flooring, granite countertops, and stainless steel appliances. Each residence also offers a private outdoor living space, with the upper floors capturing Richmond skyline. Just a few blocks away, tenants enjoy walkable access to some of Manchester’s hottest new destinations—Sassy Biscuit, Scharolina’s Cakes, and Bolo’s Eatery—as well as long-standing favorites like Croaker’s Spot and Philly Vegan. With its combination of unique floorplan, premium finishes, proven rental income, and an unbeatable location, 1221 Perry Street stands out as a turn-key investment in one of the city’s premier growth corridors.