2007 Cedar St Richmond, VA 23223
Union Hill NeighborhoodEstimated payment $2,137/month
About This Lot
Prime Church Hill Development Opportunity! Unlock the potential of one of Richmond’s most vibrant neighborhoods with the land, design and approvals for this ready-to-build 5-unit multifamily project in the heart of Church Hill. Just steps from Jefferson Park and surrounded by cafes, markets, and local favorites, this property is positioned to thrive in RVA’s high-demand rental market. Future tenants will love the convenience of off-street parking and the lifestyle perks of living in a highly walkable, historic community. Act now and step directly into a streamlined construction timeline that can help accelerate your return and begin accumulating long-term value appreciation. Whether you’re an experienced investor looking to grow your portfolio or a newcomer ready to capture a rare opportunity, this project delivers on design, location, and financial upside. The image is an artist rendering of the approved 5-unit building on the lot for sale created from the project elevations and spec sheet.
Artist rendering shown. Don’t miss your chance to build and own in Church Hill—contact us today for full details.
Listing Agent
Samson Properties Brokerage Email: patrick@rerva.com License #0225206165 Listed on: 09/22/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $720
Lot Details
- 3,311 Sq Ft Lot
- Zoning described as R-63
Schools
- Bellevue Elementary School
- Martin Luther King Jr. Middle School
- Armstrong High School
Utilities
- Water Not Available
- Fiber Optics Available
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number E000-0252-003
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,116 | $93,000 | $93,000 | $0 |
| 2024 | $1,116 | $93,000 | $93,000 | $0 |
| 2023 | $1,116 | $93,000 | $93,000 | $0 |
| 2022 | $1,116 | $93,000 | $93,000 | $0 |
| 2020 | $720 | $60,000 | $60,000 | $0 |
| 2019 | $1,132 | $60,000 | $60,000 | $0 |
| 2018 | $720 | $60,000 | $60,000 | $0 |
| 2017 | $540 | $45,000 | $45,000 | $0 |
| 2016 | $480 | $40,000 | $40,000 | $0 |
| 2015 | $480 | $40,000 | $40,000 | $0 |
| 2014 | $480 | $40,000 | $40,000 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/22/2025 09/22/25 | For Sale | $399,950 | +35.6% | -- | |
| 05/25/2021 05/25/21 | Sold | $295,000 | -1.5% | -- | View Prior Sale |
| 04/12/2021 04/12/21 | Pending | -- | -- | -- | |
| 03/28/2021 03/28/21 | Price Changed | $299,500 | -14.4% | -- | |
| 02/26/2021 02/26/21 | Price Changed | $350,000 | -11.4% | -- | |
| 01/27/2021 01/27/21 | For Sale | $395,000 | +426.7% | -- | |
| 08/31/2018 08/31/18 | Sold | $75,000 | 0.0% | -- | View Prior Sale |
| 06/29/2018 06/29/18 | Pending | -- | -- | -- | |
| 06/25/2018 06/25/18 | For Sale | $75,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $295,000 | First American Title | |
| Warranty Deed | $70,000 | Attorney |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $75,000 | New Conventional |
Source: Central Virginia Regional MLS
MLS Number: 2526981
APN: E000-0252-003
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All or a portion of th multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. 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.
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