3216 W Franklin Street, Richmond, VA 23221

$625,000
1,846
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$625,000
List Price
$625,000
Days on Market
4
Closing Date
May 08, 2026
MLS#
CVR-2605987
Status
CLOSED
Type
Multifamily
Style
Two Story
Year Built
1921
County
Richmond City
Region
10 - Richmond
Neighborhood
Lee Annex
Subdivision
Lee Annex

Property Description

Located in the heart of Richmond’s highly desirable Museum District, 3216 West Franklin St presents an excellent rental investment opportunity in one of the city’s most walkable and sought-after neighborhoods. This classic white brick duplex offers approximately 1,846 square feet and features two spacious units, each with 2 bedrooms and 1 bathroom. Unit A Is located upstairs and unit B is located downstairs. Positioned on a beautiful tree-lined street with sidewalks that connect to some of Richmond’s most vibrant areas, the property is just moments from Carytown, Scott’s Addition, VCU, local restaurants, museums, and everyday conveniences. The building features a charming concrete front porch with both covered and uncovered seating areas, creating a welcoming entry for tenants and guests. Each apartment includes front and rear access, a comfortable living room, dining area, kitchen with gas 4-burner stove, washer and dryer, and multiple windows that provide great natural light. The upstairs unit includes hardwood floors, tall ceilings, crown molding details, and a front balcony overlooking the street, while the lower unit features durable LVP flooring throughout. The property also includes rear access to alley parking along with a small outdoor seating area and storage shed. With strong rental appeal thanks to its unbeatable location and practical layout, this duplex provides investors with a great opportunity to own income-producing real estate in one of Richmond’s most popular urban neighborhoods.

Additional Information

Acres
0.08
Living Area
1,846
Exterior Features
Lighting
Elementary School
Lois-Harrison Jones
Middle School
Albert Hill
High School
Thomas Jefferson
Roof
Composition
Appliances
Gas Water Heater
Basement
Common Basement
Taxes
$6,300

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Long & Foster REALTORS. Contact: (804) 432-3408

Selling Office: Hometown Realty.

board logo

All or a portion of the multiple listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listing are © 2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. Real estate properties marked with the Central Virginia MLS (CVRMLS) icon are provided courtesy of the CVRMLS IDX database. The information being provided is for a consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. IDX information updated .