312 N Shields Avenue, Richmond, VA 23220

Property Description

An income-producing duplex in the heart of Richmond’s Fan District, 312 N. Shields Avenue offers 2,772 square feet, two currently rented units, off-street parking, and flexibility for both investors and future owner-occupants. The first-floor unit features two bedrooms and one full bath, while the second-floor unit offers two bedrooms and one-and-a-half baths. Each unit has its own rear deck, providing valuable private outdoor space, and the property includes two off-street parking spaces—an important feature in this popular city neighborhood. The property has been well maintained, with work receipts and documentation available. Significant recent improvements include a new roof in 2021 and replacement of the HVAC system serving Unit 1 in 2026. Located on N. Shields Avenue in The Fan, the property is convenient to neighborhood restaurants, an elementary school, public transportation, and the shops, dining, and everyday amenities found throughout The Fan and surrounding neighborhoods. With both units currently occupied and producing rental income, this property provides several possibilities for its next owner. It can continue as an established investment property, may be an option for a buyer completing a 1031 exchange, or could eventually provide an opportunity to occupy one unit while generating rental income from the other. For an investor looking for a well-maintained multifamily property in one of Richmond’s most established neighborhoods—or a buyer interested in the flexibility that a duplex can provide—312 N. Shields Avenue deserves a closer look.