Richmond City VA Garden Home Style Homes for Sale

CVR-2621985 MLS

Rare opportunity to acquire a fully renovated mixed-use investment property in the heart of Richmond's highly desirable Shockoe Bottom. This iconic three-story building offers stabilized residential income with significant value-add potential through the expansive commercial space. The 3,864 SF first-floor commercial space is fully built out as a restaurant and features a spacious dining area, private dining rooms, lower-level prep kitchen, walk-in cooler, and well-maintained, fully operational kitchen equipment. Available for immediate occupancy, the flexible layout is ideal for a restaurant, brewery, winery, cocktail bar, coffee shop, entertainment venue, office, creative workspace, or other retail/flex uses. Above the commercial space are two renovated apartments, each approximately 1,940 SF with 3 bedrooms and 2 full bathrooms. Both units are 100% occupied, providing immediate cash flow with additional upside through future rent increases. The apartments feature hardwood floors, high ceilings, abundant natural light, and panoramic Downtown Richmond views. Located within walking distance of Richmond's premier restaurants, breweries, entertainment venues, and major employers, the property offers outstanding visibility, strong pedestrian traffic, and convenient access to I-95, I-64, and the Central Business District. Whether you're seeking a stabilized investment with immediate income or a value-add opportunity to increase NOI by leasing the commercial space at market rents, 1717 E. Franklin Street is a rare opportunity to own a premier mixed-use asset in one of Richmond's most sought-after urban neighborhoods. Some marketing images have been digitally enhanced and/or AI-generated to illustrate potential post-renovation improvements. Renderings are conceptual only. Buyers should verify all information and conduct their own due diligence

1717 E Franklin Street, Richmond

$2,399,900

CVR-2620999 MLS

RICHMOND'S BEST BUY – 20-Unit Value-Add Apartment Opportunity Attention Investors! Here's your chance to acquire a true value-add apartment complex in Richmond (23223). This 20-unit multifamily property offers tremendous upside for experienced investors looking to increase cash flow and build equity. Whether you're planning a BRRRR strategy, long-term hold, or portfolio expansion, this property checks all the boxes. The property consists of five separate quad buildings, with each building featuring two upstairs units with vaulted ceilings and two downstairs units. All units are all-electric and offer approximately 744 square feet with 2 bedrooms and 1 full bathroom. Current Property Highlights -20 total units -12 units currently leased -6 vacant units that are rent-ready -2 units currently being used for storage (potential to convert back to income-producing units) -Owner pays water, sewer, and trash -Tenants pay their own electric -Electric forced-air heat and window A/C units -Immediate Value-Add Potential The six rent-ready vacant units provide an opportunity to increase rental income immediately. At current market rents of approximately $1,250 per month, simply leasing these units could add approximately $7,500 in monthly gross rental income without major renovations. Beyond that, cosmetic improvements such as: -New flooring -Fresh paint -Updated cabinets -New countertops -Landscaping -Fence repairs -Driveway improvements -General exterior cleanup can significantly increase the property's appeal and rental rates. Because the kitchens are relatively small and open, upgrading to granite countertops can be completed at a reasonable cost while providing a strong return on investment. Over time, replacing the existing heating and cooling systems as they reach the end of their useful life will further enhance the property's value. If you're looking for one of Richmond's best value-add multifamily investments, this property deserves your attention.

1401 Coalter Street, Richmond

$1,050,000

CVR-2615362 MLS

This renovated 4,090 SF mixed-use property offers a compelling blend of historic character, flexibility, and investment potential.—directly across from the Convention Center. Currently operated as a duplex, the building could be reconfigured to function as a triplex or quadplex, including the potential for two separate commercial suites on the ground floor and two residential units on the second floor. Benefiting from extensive street frontage along both E. Clay Street and N. 3rd Street, the property enjoys exceptional visibility and accessibility. A standout corner storefront anchors the building and presents an outstanding opportunity for retail, restaurant, office, gallery, or other creative commercial uses in one of Richmond’s most active and rapidly evolving urban districts. The property’s second-floor residential unit currently operates as a high-performing Airbnb, with all personal property in that unit conveying with the sale, providing immediate income potential for a new owner. Ideal for an owner-user seeking rental income to offset occupancy costs or an investor looking to maximize returns through a more optimized unit mix, the property offers multiple avenues for value creation. Additional upside exists through the potential development of a small courtyard, creating a unique destination atmosphere or creative enclave that complements the building’s historic charm and prominent location. Further enhancing the investment appeal, the property is situated within an Enterprise Zone, CARE District, and Opportunity Zone, providing access to a variety of potential economic development incentives and tax advantages. Well maintained and thoughtfully renovated, 221 E Clay Street represents a rare opportunity to acquire a flexible mixed-use asset in one of Richmond’s most sought-after neighborhoods.

221 E Clay Street, Richmond

$695,000

CVR-2612773 MLS

Positioned in the heart of Jackson Ward–one of Richmond’s most historic and culturally vibrant neighborhoods–618 N 1st St is a fully renovated two-story mixed-use duplex which offers a rare opportunity to own a proven, turn-key hospitality asset. The ground floor features an approximately 1,200 SF restaurant space outfitted with a full commercial kitchen, including hood system, walk-in refrigeration, bar, and existing equipment, allowing for a seamless transition for a new operator. Complementing the interior is a lovely 450 SF outdoor patio, with the flexibility to be enclosed for year-round use as well as 3 off street parking spaces. The property boasts a strong operational pedigree, having previously housed two highly regarded, upscale dining concepts, underscoring its viability as a premier restaurant location. The second floor consists of a well-appointed 1,200 SF two-bedroom, one-bath apartment, offering versatile utility as an owner’s residence, executive office, or employee housing—an increasingly valuable amenity for restaurant operators. Both levels underwent comprehensive renovation approximately 10 years ago, blending historic character with modern functionality. Historically leased to a single tenant for operational efficiency, the property works well either as a single tenant or multi-tenant investment. This is a compelling opportunity for an owner-operator or investor seeking a distinctive, income-producing asset in one of Richmond’s most dynamic urban districts.

618 N 1st Street, Richmond

$895,950

CVR-2611569 MLS

311 North 2nd Street is an award winning mixed use in Jackson Ward. This award-winning architectural gem was renovated and occupied by renowned architect Two Street Studio for 10 years. The building features three residential units, two of which are unoccupied and the third is being used as an Airbnb with revenue as high as $4500/month. The first-floor commercial office studio is bright and open with a kitchen and bathroom. The upstairs units feature skylights and a roof deck. This opportunity is ideal for a commercial or live/work owner occupant. It’s also perfect for an investor or short-term rental operator. The first floor is pristine and would lease quickly for creative office or retail. -2017 Golden Hammer -2019 AIA Richmond Honor Award -2021 AIA Virginia Honorable Mention for Design Excellence

311 N 2nd Street, Richmond

$1,425,000

CVR-2611242 MLS

8-10 E. Main St is a fully legal six-unit building in the heart of Downtown Richmond. The property carries a special zoning designation permitting six short-term rental units—an uncommon approval in the City of Richmond and a meaningful barrier to entry. Currently configured as one one-bedroom apartment and 5 two bedroom apartments, the building includes five designated parking spaces, a distinct advantage in this location. It offers updated water heaters and interiors. Energy-efficient replacement windows were installed in 2024, enhancing performance and comfort. A monitored fire sprinkler system meets current code requirements. With a Walk Score of 97, the property is steps from Downtown, VCU, VCU Medical Center (MCV), the Arts District, The Jefferson Hotel, The Commonwealth Club, and The Common House. Dining, employment, and cultural venues are within easy reach. **Investment Profiles** **1. Legal Short-Term Rental Asset** Compliant, income-producing property in a market where approvals are limited. Proximity to VCU, state government, and Downtown employers supports consistent occupancy from business travelers, visiting faculty, and medical professionals. Recent improvements support efficient operations with minimal near-term capital needs. **2. Long-Term Multifamily Investment** The location supports steady demand from professionals, graduate students, and hospital staff. One and two-bedroom units in a walkable Downtown setting with dedicated parking remain highly desirable. Updated interiors and systems reduce turnover and maintenance exposure. **3. Condominium Conversion Opportunity** The layout and location support a boutique condominium conversion. Demand for centrally located one and two bedroom residences remains strong among first-time buyers, professionals, and downsizing owners seeking proximity to work and amenities. Existing renovations and window upgrades position the property closer to condominium-grade standards.

8 E Main Street, Richmond

$2,400,000

CVR-2608934 MLS

Fully leased, this brick building is a rare find on Chamberlayne Ave, featuring a total of 18 two bedroom/one bathroom apartments as well as ample parking and laundry onsite. These spacious units consist of upgraded finishes throughout. The strong historical occupancy proves that there is realistic opportunity for obtainable upside on the rents. Located in Richmond’s growing Northside community, the Chamberlayne corridor has become a mainstay for workforce housing residents.

3810 Chamberlayne Avenue, Richmond

$2,600,000

CVR-2608932 MLS

This property is an excellent investment opportunity with strong upside potential. Each of the units are spacious one-bedroom floor plans that have been well maintained. Recent improvements include upgraded common area finishes and kitchen and flooring updates in select units. The building also has a common laundry room for the convenience of the residents. Located on the corner of Chamberlayne Ave & Laburnum Ave, this property offers excellent street visibility and easy access for residents to the building parking lot. The surrounding area is filled with amenities such as supermarkets, schools, and public transportations, making it an attractive location for residents. The current rents present a great opportunity for investors to increase income potential of the property. With some continued upgrades and improvements, the property has the potential to attract higher paying tenants and generate significant returns. Overall, this is a fantastic investment opportunity for a commercial real estate investor. The combination of upside and a prime location make this property a smart choice for anyone looking to add a valuable asset to their portfolio.

3618 Chamberlayne Avenue, Richmond

$425,000

CVR-2607312 MLS

Renovated mixed use investment with value add opportunity on the up-and-coming 1500 block of Hull Street! 1521 Hull is a 2,903 SF 2 story renovated historic duplex with a highly visible retail storefront studio on the ground floor and a beautiful modern 2 bed/2bath apartment on the 2nd floor. This dynamic offering has many unique historic accents and modern design features including original post and beam detail, corrugated metal wainscoting, original exposed brick walls, floor to ceiling tile baths, 10’+ ceilings and interior glass walls. Additionally, the property includes a unique outdoor space featuring a spacious rear deck for the apartment, rear fenced yard, and a shipping container outbuilding, adding to the property’s industrial vibe while providing plenty of additional portage on site. There is also ample off-street parking and ample room to potentially expand the building footprint. This offering is ideal as a live/work opportunity but is also an excellent entry level investment opportunity in one of Richmond’s fastest growing submarkets. Located in desirable B-5 zoning district, the ground floor storefront allows a range of uses which makes it ideal for production space, creative office, or a retail boutique. With Manchester’s vibrant revitalization continuing to roar down Hull Street, including 112 apartment units under construction on the same block, this very “Dwell” like offering provides an excellent window to get in on the ground floor for both owner occupants and investors alike!

1521 Hull Street, Richmond

$650,000

CVR-2604799 MLS

4.3-acre parcel in the Chippenham Hospital area with existing medical buildings and apartments nearby plus new apartment buildings under construction in close proximity. This parcel is ideal for similar use.

300 Hioaks Road, Richmond

$1,230,000

CVR-2603466 MLS

18 W Franklin St is a fully legal five-unit building in the heart of Downtown Richmond. The property carries a special zoning designation permitting five short-term rental units—an uncommon approval in the City of Richmond and a meaningful barrier to entry. Currently configured as five one-bedroom apartments, the building includes five designated parking spaces, a distinct advantage in this location. Renovated in 2020, it offers updated systems and interiors. Energy-efficient replacement windows were installed in 2022, enhancing performance and comfort. A monitored fire sprinkler system meets current code requirements. With a Walk Score of 97, the property is steps from Downtown, VCU, VCU Medical Center (MCV), the Arts District, The Commonwealth Club, and The Common House. Dining, employment, and cultural venues are within easy reach. **Investment Profiles** **1. Legal Short-Term Rental Asset** Compliant, income-producing property in a market where approvals are limited. Proximity to VCU, state government, and Downtown employers supports consistent occupancy from business travelers, visiting faculty, and medical professionals. Recent improvements support efficient operations with minimal near-term capital needs. **2. Long-Term Multifamily Investment** The location supports steady demand from professionals, graduate students, and hospital staff. One-bedroom units in a walkable Downtown setting with dedicated parking remain highly desirable. Updated interiors and systems reduce turnover and maintenance exposure. **3. Condominium Conversion Opportunity** The layout and location support a boutique condominium conversion. Demand for centrally located one-bedroom residences remains strong among first-time buyers, professionals, and downsizing owners seeking proximity to work and amenities. Existing renovations and window upgrades position the property closer to condominium-grade standards.

18 W Franklin Street, Richmond

$550,000

CVR-2603134 MLS

7–9 North 18th Street represents an incredible opportunity to own and redevelop a significant piece of historic Shockoe Bottom. Currently in shell condition, the building offers a blank canvas for investors and developers seeking to create a transformative project in one of Richmond’s most dynamic neighborhoods. With three entrances along North 18th Street, the property provides strong frontage and design flexibility, while its B-5 zoning supports development up to five stories in height with multifamily permitted by right — a rare combination that positions the asset for a wide range of high-impact uses. Further enhancing its appeal, a Special Use Permit approved in 2025 allows for the construction of a 17-space parking garage within the building, accessed from the alley off 18th Street — a unique and highly valuable entitlement in an urban setting where parking is at a premium. This approval can be integrated into a larger multi-story residential or mixed use development or executed as a standalone, income-producing parking facility. Alternatively, the property is well-suited for retail or other commercial redevelopment, capitalizing on the neighborhood’s continued growth and energy. Don’t miss this rare chance to acquire a large historic asset on North 18th Street and bring a visionary project to life in the heart of Shockoe Bottom.

7 N 18th Street, Richmond

$625,000

CVR-2600622 MLS

This beautifully restored two-story brick duplex at 5 S Adams Street offers a rare opportunity in the heart of Monroe Ward—directly across from the iconic Jefferson Hotel. Built in 1900, the property retains its historic charm with many Georgian elements while benefiting from a full renovation that delivers modern functionality, comfort, and efficiency. As an end unit with prominent street presence, this grand building enjoys abundant natural light and strong visibility in one of Richmond’s most architecturally rich and walkable urban districts. The 1st floor layout works well for a small private office and includes 2 large offices, an open meeting room/ space, restroom, and gourmet kitchen with commercial grade appliances as well as a charming private outdoor patio. Original trim work/ molding, hardwood flooring, original fireplaces are located throughout complemented by modern recessed lighting. The 2nd floor layout could potentially work either for office or residential/apartment use and includes 3 offices or living spaces alongside a full bathroom and a wet/bar kitchenette. The property provides exceptional flexibility for a variety of users and enjoys excellent proximity to both the VCU and MCV campuses as well as the CBD and Capitol complex. It is perfectly suited for an owner-occupant seeking a distinctive urban headquarters or potentially live-work environment, or for an entry-level investor looking to secure a well-located asset in a steadily growing neighborhood. With its blend of historic character, modern upgrades, PRIME location, and adaptable layout, this duplex presents a standout, turn-key opportunity in Richmond’s urban core.

5 S Adams Street, Richmond

$2,072,500

CVR-2533288 MLS

Discover a rare chance to acquire a stabilized, income-producing multifamily asset in one of Richmond’s fastest-growing urban neighborhoods. 601 Stockton Street is a 12-unit apartment community located in the heart of Manchester, a district known for robust redevelopment, walkability, and strong rental demand. Property Highlights • 12 Total Units – Well-maintained, consistently leased apartment community • 18 Off-Street Parking Spaces – A rare and highly desirable amenity in an urban neighborhood • Prime Manchester Location – Walkable to Hull Street’s growing lineup of restaurants, breweries, retail, and new mixed-use development • Strong Rental Demand – Manchester continues to see rising rents and high occupancy • Turnkey Investment – Immediate cash flow with future value-add opportunities • Condo Conversion Potential – Property layout and parking availability present an attractive opportunity for future condominium sell-off • Urban Convenience – Minutes to Downtown Richmond, the James River Park System, and major employment centers • Excellent Access – Close proximity to I-95, the Downtown Expressway, and public transit Investment Summary 601 Stockton Street gives investors the rare chance to control a well-located, manageable multifamily asset with multiple strategic exit options. With strong in-place performance, 18 dedicated parking spaces, and potential for future condo conversion, the property is positioned to capture both immediate income and long-term appreciation as the Manchester neighborhood continues to evolve.

601 Stockton Street, Richmond

$795,000

CVR-2532624 MLS

Mixed Use Shockoe Bottom Building Perfect for Investor or Owner/Occupant. Shockoe Bottom is one of Richmond’s oldest and most historic neighborhoods. In recent years, this neighborhood has undergone tremendous revitalization. Now, 1814 East Franklin St sits at the center of a lively business and entertainment district that is home to some of the area’s most well-known shops and restaurants. But in addition, Shockoe Bottom is also a popular residential area for those who choose an urban lifestyle where they can combine the best aspects of city-living. Within walking distance to Richmond’s iconic Main Street Station and the 17th St Farmer’s Market, this property features a ground-level commercial space with large storefront windows facing East Franklin Street. The completely renovated second floor apartment offers two bedrooms, two bathrooms, open floor plan, exposed brick walls, and hardwood flooring. Large windows also provide ample natural lighting. These outstanding features make 1814 East Franklin St perfect for an investor or owner/occupant interested in the Shockoe Bottom area.

1814 E Franklin Street, Richmond

$676,500

CVR-2523230 MLS

This unique studio space is well located within a strong population and rental area just blocks from VCU and the heart of the vibrant Arts District.

511 W Clay Street, Richmond

$800,000

CVR-2521402 MLS

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.

2021 North Avenue, Richmond

$250,000

CVR-2516192 MLS

This versatile mixed-use property presents an excellent opportunity for both investors and owner occupants. The first floor is configured as a flex office/ warehouse space, featuring a roll-up door at the rear for convenient access and a fenced backyard for added utility. The second floor offers a spacious two-bedroom, two-bath apartment with a generously sized kitchen—ideal for residential use or additional rental income.

705 Richmond Highway, Richmond

$1,450,000

CVR-2432047 MLS

2822 Floyd Ave is a premeir 6 unit multi family rental located in the Museum District just off Arthur Ashe Blvd-Its location is not only convenient to all the Museum District offers(VMFA is literally around the corner) but is also an easy walk to The Fan,Carytown and Byrd Park. The renovated 2 bedroom 1bath units have all the amenities one expects to find in an apartment these days. The user friendly open kitchens all have granite countertops,stainless steel refrigerators,dishwashers , smooth top ranges with micro hood and large deep bowl kitchen sinks with garbage disposal. Each unit also has either full size laundry tower or stack units. The 1.5 ton heat pumps comfortably heat and cool the approx 900 sq ft units. All flooring was replaced with sanded in place oak flooring in all rooms and the baths with mosaic ceramic tile during the historic tax credit renovation in 2008. All systems(plumb,elec,hvac) were also completely replaced in the down to the studs renovation. Sound baffling insulation was also installed to help mitigate sound transfer between the living spaces. The bathrooms all have besides the aforementioned mosaic tile floors;subway tiled showers with glass enclosures,white recessed ceramic sink vanities with granite tops and drawer storage. Each bedroom has custom constructed double hang closets with french doors. The 3 story front porch affords each unit with a pleasant outdoor space accessed through the original glass paned french doors. Colonial Ave provides easy on street parking. 2822 Floyd has been setup for the long haul and attracts responsible long term tenants. The building has never suffered a vacancy and is an extremely strong rental. Floyd has excellent condo potential should an investor choose other options other than a rental income.Owner/Agent

2822 Floyd, Richmond

$693,205

CVR-2430406 MLS

This beautiful stately historic building is an investment opportunity in the heart of Richmond’s Shockoe Bottom neighborhood. With prime frontage along the City’s recently renovated 17th St Farmers Market pedestrian plaza, this asset offers impressive visibility, accessibility, and stature in one of the city’s oldest neighborhoods. 3 N 17th was constructed in 1833 and possesses an array of historic features from its era including original fireplaces, heart pine flooring, high ceilings, and original millwork. The property is comprised of a recently renovated ground floor restaurant space and a 2 story 1-2 bedroom apartment on the 2nd and 3rd floors. The restaurant space resides in a classic storefront and offers a turnkey full service opportunity with all equipment in place. In addition, the restaurant includes both a cozy dine-in space as well as a substantial outdoor patio with plenty of seating. The restaurant space is currently leased to an established user who has another 3.5 years left on a NNN lease. The 2 story apartment is spacious and full of natural light and can accommodate a 1-2 bedroom occupancy. The 2nd floor entry features a lovely living space with dramatic ceiling height, large fireplace, and heart pine flooring and a potential second bedroom or office. The 3rd floor of the apartment includes the balance of the living space and features an upgraded kitchen, second fireplace, bedroom and large bath. This property’s distinctive historic features and modern functionality make this an excellent opportunity to own and invest in an up and coming part of Richmond’s historic urban core.

3 N 17th Street, Richmond

$300,000

CVR-2418103 MLS

Located in the heart of Shockoe Bottom, this historic property is now available for an owner-occupant or investor to take advantage of local, state and federal incentives to bring this gem back to life. The M-1 zoning district allows light manufacturing and distribution and a 1983 special use permit can be revived to allow a secondfloor apartment making this a true live-work opportunity.

2206 E Main Street, Richmond

$412,400

CVR-2400365 MLS

Mixed-use opportunity located within Richmond City along the prominent Jahnke Road. With flexible B-2 zoning, this property is ideal for an owner user looking for a base of operations within the city, or an investor looking to expand their rentable commercial portfolio. Currently, the property serves as a residence with a 2 bedroom / 1.5 bath apartment upstairs, featuring a large open concept kitchen and living room. Depending on the use for the property, this area could serve as office space for a business. Below is ample garage / storage space with one garage door bay and a half bath. A storage shed and paved lot allows for large amounts of parking.

1239 Blakemore Road, Richmond

$810,000

CVR-2328517 MLS

Outstanding opportunity to start or grow your rental portfolio in a strong rental area. This 9 unit building has a new roof that is less than 6 months old. All units are 2 bedroom 1 bath. Very close to public transportation and easy access to interstate 64. Tenants are responsible for heat and electric, landlord pays for water and trash removal. Some off street parking is available. Great multi-family opportunity. Seller will consider possible owner financing with a down payment of 20-25% down payment.

2115 Phaup Street, Richmond

$635,000

CVR-2326313 MLS

This incredible 2.5-story renovated mixed use building enjoys a unique historicity nestled in Richmond's iconic Shockoe Bottom. 2114 E Main was constructed in 1850 and renovated in 2002, offering a seamless blend of historic charm combined with modern convenience; the property presents a unique opportunity for an owner occupant who may be seeking a “live/work” option. Step inside the ground floor and you'll be transported to a bygone era, with beautifully restored details such as original hardwood floors, exposed brick walls, and soaring ceilings that tell the story of this building's rich heritage. Whether you're an entrepreneur looking for the perfect space to open the next neighborhood restaurant institution or a retail user in need of production and storefront space, this property offers a range of opportunities for a wide variety of uses. Located in the heart of Richmond's vibrant Shockoe Bottom, 2114 E Main is not only an architectural gem but also an excellent investment opportunity for either an entry level investor seeking diversified income streams or an owner occupant seeking a creative real estate strategy.

2114 E Main Street, Richmond

$1,450,000

CVR-2321485 MLS

The listing price includes 1119 Hull Street (PID S000-0061-017), 1121 Hull Street (PID S000-0061-018) and 1125 Hull Street (PID S000-0061-019) and the property is being sold together with the grocery store, but the inventory is separate and not included in the listing price. Great opportunity to renovate and convert 1119, 1121 Hull Street and 2nd & 3rd level of 1125 Hull Street into apartments.

1125 Hull Street, Richmond

$660,000

CVR-2230416 MLS

This corner retail, mixed-use opportunity offers a rare and unique investment for any Richmond restaurant operator seeking to own and operate in the historic Shockoe Bottom neighborhood. Just a block from the city’s recently renovated 17th St Farmers Market, 19 and 21 N 18th St are situated prominently on the southeast corner of E. Franklin and N 18th St, offering impressive visibility, accessibility, and stature in one of the city’s oldest neighborhoods. The property consists of two parcels: 21 N 18th St, a 6-car surface lot, and 19 N 18th St, a 2,800 SF 2-story, mixed- use building. 19 N 18th St is comprised of a well-established, ground-floor retail restaurant space and an updated, spacious 2-bedroom apartment on the second floor. The restaurant space features a cozy dine-in space, large bar, and full kitchen. The second-floor, 2-bedroom apartment possesses an open living/dining concept, second-floor balcony, painted brick walls, washer/dryer in unit, private entry on N 18th St, and central air. The unit is currently under market rent for the neighborhood and provides some excellent upside for any incoming buyer to increase the property’s cash flow and offset expenses.

19 & 21 N 18th Street, Richmond

$2,550,000

CVR-2302406 MLS

This is a recently renovated, 13-unit property located adjacent to Richmond’s highly desired Fan Neighborhood. Conveniently located in the heart of the city, the property is an appealing housing option for a large swath of individuals ranging from students to young professionals. The property was renovated in 2019 and consists of all two-bedroom, one-bathroom layouts with finishes including granite countertops, stainless steel appliances, and newly finished bathrooms. Tenants can enjoy off street parking, in-unit washer and dryers, and an outdoor gathering space with a grill located in the rear of the property. Electricity for the units is individually metered. Tenants pay a monthly fee of $10 for trash removal and water is charged back to the tenants on a RUBS system. The most recent unit to be leased is rented for $1450/month. Based on this proven increase in rent, all units can obtain the same monthly rate moving forward and thus opening up large potential value for the next property owner. 301 South Granby St is a fantastic opportunity for any investor looking to aggressively expand their portfolio in the Richmond market or enter the market with true presence.

301 S Granby Street, Richmond

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