NOT LISTED FOR SALE
8 Beds
-- Bath
2,600 Sq Ft
4,887 Sq Ft Lot

Last Sold September 30, 2024

Last sale price $715,000 $275 Per Sq Ft

20 Days on Market

About This Home

As of September 2024

Exciting opportunity to purchase a four unit multi-family building in Richmond’s Church Hill neighborhood. Constructed in 1961, 2917 M Street offers four continuously occupied revenue-generating units. Each unit features two bedrooms/one bathroom and is well appointed with washer/dryer, central air, and hardwood flooring. Each unit is also individually metered for electricity. A large parking area with alley access provides four off-street parking spaces for the tenants. Major capital improvements to the property include replacement of the
water mains to all units in 2019. The Church Hill neighborhood is garnering national recognition for its vibrant food and urban living scene as numerous publications have produced rave reviews of the restaurants, bakeries, cafes, and boutiques in the area. With its stately pre-Civil War homes as the centerpiece, the neighborhood is one of the most sought after areas to live in Richmond. Close to VCU Health Systems, the Central Business District, the State Capitol and numerous state offices, the Federal Court House, and the City of Richmond’s
government center, 2917 M Street is prominently positioned in the economically growing Church Hill neighborhood.

Last Agent to Sell the Property

Justin Sledd

One South Commercial LLC License #0225191850 Listed on: 08/06/2024

One South Commercial LLC

Last Buyer's Agent

Mark Queener

BHHS PenFed Realty License #0225072051

BHHS PenFed Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,924

Year Built

  • Built in 1961

Lot Details

  • 4,887 Sq Ft Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Wood Siding

Interior Spaces

  • 2,600 Sq Ft Home
  • 2-Story Property

Schools

  • Chimborazo Elementary School
  • Martin Luther King Jr. Middle School
  • Armstrong High School

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number E000-0573-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,924

Year Built

Built in 1961

Lot Details

4,887 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1961
  • Lot Size Acres: 0.1122
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Two Story
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Approximate
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement YN: No
  • Living Area: 2600.0
  • Stories: 2

Exterior Features

  • Roof: Flat
  • Waterfront: No
  • Construction Type: Wood Siding

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle Or Junior School: Martin Luther King Jr.

Lot Info

  • Parcel Number: E000-0573-009
  • Zoning Description: R-63
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6924.0

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Chimborazo
  • High School: Armstrong
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2024 09/30/24 Sold $715,000 +2.3% $275 / Sq Ft
08/26/2024 08/26/24 Pending -- -- --
08/06/2024 08/06/24 For Sale $699,000 +22.4% $269 / Sq Ft
12/03/2021 12/03/21 Sold $571,000 +5.7% $220 / Sq Ft View Prior Sale
10/25/2021 10/25/21 Pending -- -- --
10/19/2021 10/19/21 For Sale $540,000 +18.7% $208 / Sq Ft
02/24/2020 02/24/20 Sold $455,000 -2.2% $175 / Sq Ft View Prior Sale
01/08/2020 01/08/20 Pending -- -- --
01/02/2020 01/02/20 For Sale $465,000 -- $179 / Sq Ft
Source: Central Virginia Regional MLS

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 $6,924 $603,000 $110,000 $493,000
2024 $6,924 $577,000 $105,000 $472,000
2023 $6,552 $546,000 $105,000 $441,000
2022 $5,652 $471,000 $80,000 $391,000
2020 $2,832 $426,000 $65,000 $361,000
2019 $2,364 $387,000 $65,000 $322,000
2018 $1,692 $331,000 $65,000 $266,000
2017 $3,096 $258,000 $50,000 $208,000
2016 $720 $250,000 $45,000 $205,000
2015 $1,674 $250,000 $45,000 $205,000
2014 $1,674 $60,000 $45,000 $15,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2420600

Central Virginia Regional MLS

APN: E-000-0573-009

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