2111 Maplewood Avenue, Richmond, VA 23220

Property Description

Welcome to 2111 Maplewood Avenue in the heart of RVA's Byrd Park neighborhood. This rare all-brick Quad apartment building (4 units of 780 sqft and 2 Bedrooms & 1 full bathroom each) has an outstanding rental history and a fantastic location. Perfect for city workers, VCU students or people who love to walk/run/bike in the nearby Byrd Park & Maymont! All utilities and systems are on separate meters and each unit features central air w/ gas heat, Private assigned parking behind the building and washer/dryer hook-ups in-unit. All units were refreshed with updated flooring and systems less than 10 years ago. The block has beautiful curb appeal and will be a sound investment for years to come. Unit D was recently leased through March of 2026 for $1425 per month/Unit B is leased through July 30th 2026 for $1450 monthly/Apt A is leased until 9/30/26 at $1400 monthly/Unit C (long-term tenant) renewed for $1300 through June 30, 2026. Total monthly rental income is $5,575 monthly, for a roughly 7.50% CAP Rate. Recent updates include: All new roof system in 2020, New Gas Furnace in Unit B 10/2024, New Electric Water Heater in Unit C 4/2025 and a fully remodeled crawl space completed in 3/2025: including new poly liner & insulation. This is a rare Byrd Park area multi-family opportunity to own a solid 4-unit investment property with great cash flow and RVA rental rates that only going up each year! *Note: The posted interior photos are from Unit A in 2024 - All 4 Units have the same flooring, paint color & kitchen finishings.*