Richmond Apartment Buildings for Sale

Property Photo 5 photos
5 photos

219 E Grace Street

219 E Grace Street, Richmond, VA 23219

2,923 SF$275,000


Unique building mixed retail with residential style property for sale in Downtown Richmond! This property features a rental/commercial office along with 3 separate apartments

Property Photo 21 photos
21 photos

3201 Watson Avenue

3201 Watson Avenue, Richmond, VA 23234

20,859 SF$1,500,000


The Meadows Investment Properties is a package of 21 rental properties offered for $1.5M, located in the city of Richmond, VA. All are currently occupied with long time tenants utilizing RRHA (RICHMOND REDEVELOPMENT HOUSING AUTHORITY) and VRC (VIRGINIA RESOURCE CENTER) SECTION 8. Assured rents are deposited directly to owner. All the properties have excellent rent histories, most tenants have been there at least 3 years, many over 10 years. The return on investment is 12%. This is an excellent investment that will pay for itself. The Section 8 checks will be deposited directly to the new owner's account by Section 8. Most of the properties are under 2 miles from the Shockhoe Stadium project in historic Shochkoe Bottom. See for more information. The longtime owner has taken good care of all these homes, performing all home maintenance tasks diligently. Owner will share list of contractors familiar with the properties. All homes have central heat and air systems, and are brick or vinyl sided and have replacement windows and newer roofs. Appliances included.

Property Photo 5 photos
5 photos

5502 Stella Road

5502 Stella Road, North Chesterfield, VA 23234

11,000 SF$745,000


Very rare opportunity to own a group of duplexes in Chesterfield County. Excellent cash flowing property getting well over a 15% cash on cash return 5 duplex on the same cul de sac 2- 3 bedroom 1.5 bath units avg rent 740 8- 2 bedroom 1.5 bath units avg rent 845

Property Photo 12 photos
12 photos

1001 E Main Street

1001 E Main Street, Richmond, VA 23219

90,584 SF$8,320,000


Built in 1909 at the corner of 10th and Main Street, American Heritage Place became Richmond' s first skyscraper. In 2005, Genesis Properties renovated the property into luxury apartment homes. The 12-story building now boasts twenty commercial units on the lower floors and 57 market rate apartments on the upper floors. The prime location and high quality units of this property allow for premium rents that offer buyers an opportunity to invest toward a stable cash-flowing asset long term.

Property Photo 1 photo

603 Westover Hills Boulevard

603 Westover Hills Boulevard, Richmond, VA 23225

311,767 SFPrice Upon Req.


Capstone Apartment Partners is pleased to present Ashton Square, a fully performing 372 unit value-add opportunity centrally located among some of the most desirable neighborhoods in the Richmond, VA MSA. Several of Ashton Square' s submarket competitors have already implemented similar asset improvement strategies, and their proven results speak to the opportunity available with this offering. Due to ownership' s attention and care, as well as a $5.5 million property renovation in 2001, Ashton Square is in excellent physical condition, and offers an unblemished operational history that has consistently produced strong cash flows. The Richmond market continues to experience strong population and employment growth, and the area apartment fundamentals continue to demonstrate growing market demand for improved rental units. The strong historical performance of this asset, in conjunction with swelling market fundamentals and an attractive central, infill location, offer new ownership a compelling reason to capitalize on the upside of this investment opportunity. **PLEASE CLICK LINK TO REGISTER & DOWNLOAD OFFERING MEMO**

Property Photo 11 photos
11 photos

4214 Chamberlayne Avenue

4214 Chamberlayne Avenue, Richmond, VA 23227

36,300 SF$2,250,000


Alpha Real Estate Investment Advisors is pleased to present this 46 unit multifamily opportunity in northern Richmond, VA. This portfolio is comprised of 6 buildings, 4 on Westminster Ave and 2 on Chamberlayne Ave. Recent rennovations have made this one of the most attractive properties in this submarket, and the occupancy reflects this. This is an excellent opportunity to acquire a 46 unit cash flowing stabilized property in downtown Richmond. Currently, this property is 100% occupied. This is a true turn-key opportunity with management in place. Both properties are located in the northern end of metro Richmond and within blocks from I-95 and proximate John Marshall High School, The YMCA, VCU, public transportation hubs, and various shopping and employment.

Property Photo 14 photos
14 photos

3920 Chamberlayne Avenue

3920 Chamberlayne Avenue, Richmond, VA 23227

23,840 SF$1,590,000


Motivated seller. New roof, newly paved and striped parking lot, true turn key investment for absentee owner. Abbey Square is located at 3918 and 3920 Chamberlayne Ave, Richmond, VA. This location is proximate to Richmond' s Central Business District, Virginia Commonwealth University's Monroe Park economic campus, VCU medical center and hospitals, Virginia Union University, Richmond' s City Hall, the State Capitol complex of Virginia and the Broad Street corridor. The apartments consist of 2 buildings both 2 story with all units being 1 bedroom, 1 bathroom, kitchen, dining area and living room, with the exception of 4 studio apartments. The market rents are $495-$595 per month which includes heat (gas, radiator) hot and cold water and trash pick up. The tenants pay electric. There are through-the-wall electric A/C units in each apartment. Brick exterior, vinyl replacement windows throughout, and a tar and gravel roof. Each unit has carpet and tile, some with slate tile.

Property Photo 1 photo

2906 E Broad Street

2906 E Broad Street, Richmond, VA 23223

8,000 SF$1,125,000


This fully leased, eight unit, two bed, one bath apartment building is a great income producer. The building is ready for a full condo conversion with approved documentation already in place. The building was fully renovated in 2009 including heat pumps. The roof was replaced in 2008. Located just three blocks from Chimborazo Park and adjacent to the new Anthony's Italian restaurant makes this for an exceptional investment.

Property Photo 14 photos
14 photos

1229 Hull Street

1229 Hull Street, Richmond, VA 23224

11,058 SF$274,950


**Builders, Developers and Renovators** Here is the property you have been dreaming about. 1229 Hull Street!! Take advantage of the Historic Tax Credits. Area is experiencing revitalization, with many other renovations and new development on this street as well as the immediate area. The New Courthouse is just 3 blocks away. It will be hard to find anything similar in the area that has not already been renovated. Plans have been submited and approved for 10 residential units and 2 commercial spaces. Parts 1 & 2 of the DHR have been approved as well as a Tax Abatement. This is a dream project and can be handed over with all the currents plans, or you can submit your own plans. Call today. Corner of 13th Street and Hull Street. Just 3 - 4 blocks away from the New Courthouse. Designs:

Property Photo 2 photos
2 photos

2112 E Clay Street

2112 E Clay Street, Richmond, VA 23223

6,000 SF$950,000


Mixed Use Development | 5 Apartments + Cafe/Retail Space. Under Construction/Development. This project will feature 5 ultra modern apartments with skyline views of downtown Richmond. And a cafe/retail space on the ground floor. All units have off street parking. The property literally sits on the Park at the foot of Historic Church Hill and Union Hill. minutes from VCU and MCV campus. Perfect location for high income graduate medical students looking for new construction rentals. This project is being developed by Snipes Properties and built by RiverWest Contractors. Construction Perm financing for end buyer or 30% JV option available for serious investors.

Richmond Apartment Buildings for Sale

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