NOT LISTED FOR SALE

3117 Carolina Ave Richmond, VA 23222

Highland Park Neighborhood
-- Bed
-- Bath
3,852 Sq Ft
9,801 Sq Ft Lot

Last Sold October 27, 2022

Last sale price $485,000 $126 Per Sq Ft

48 Days on Market

About This Home

As of October 2022

Northside value-add opportunity

3117 Carolina Ave is an ideal opportunity to purchase a fully leased multifamily asset with immediate upside in Richmond’s rapidly revitalizing Highland Park neighborhood. Located just a few blocks from neighborhood hub, “Six Points”, and just a mile from several popular destinations and eateries along Brookland Park Boulevard, this investment is favorably poised to capitalize both on its location and ascending market positioning.

Originally constructed in 1928, 3117 Carolina Ave is a rare “built-as” quadplex asset amongst market peers, comprised of four (4) 2 bedroom/1 bath units featuring spacious floor plans, hardwood floors, central heating/air conditioning, private balconies, and ample off street parking. All utilities are separately metered, including water/sewer, which provides any incoming operator immediate reduction of typical market expense burden for the property. The current owner has also made several improvements to the property over the last few years including renovations of Units 1 and 4 as well as some capital improvements.

Last Agent to Sell the Property

Ann Schweitzer Riley

One South Commercial LLC License #0225211714 Listed on: 06/22/2022

One South Commercial LLC

Last Buyer's Agent

Isaac Weintz

One South Commercial LLC License #0225250413

One South Commercial LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,188

Year Built

  • Built in 1928

Lot Details

  • 9,801 Sq Ft Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 3,852 Sq Ft Home
  • 2-Story Property
  • Basement

Schools

  • Barack Obama Elementary School
  • Henderson Middle School
  • John Marshall High School

Community Details

  • North Highland Park Subdivision

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number N000-1059-022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,188

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1928
  • Lot Size Acres: 0.225
  • Ownership: Individuals
  • Subdivision Name: North Highland Park
  • Architectural Style: Two Story
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Actual
  • Property Sub Type Additional: Quadruplex
  • General Property Information Below Grade Unfinished Area: 610.0
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement: Other
  • Basement YN: Yes
  • Living Area: 3852.0
  • Stories: 2

Exterior Features

  • Roof: Flat, Other
  • Waterfront: No
  • Construction Type: Brick

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle Or Junior School: Henderson

Lot Info

  • Parcel Number: N000-1059-022
  • Zoning Description: R-6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4188.0
  • Tax Lot: 8

MLS Schools

  • Elementary School: Barack Obama
  • High School: John Marshall

Range of Values:

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List Price
Sold Price
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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 Change Sq Ft Price
10/27/2022 10/27/22 Sold $485,000 -11.0% $126 / Sq Ft
08/09/2022 08/09/22 Pending -- -- --
06/22/2022 06/22/22 For Sale $545,000 +55.7% $141 / Sq Ft
06/14/2019 06/14/19 Sold $350,000 -12.5% $91 / Sq Ft
05/04/2019 05/04/19 Pending -- -- --
04/26/2019 04/26/19 Price Changed $400,000 -11.1% $104 / Sq Ft
03/22/2019 03/22/19 For Sale $450,000 +185.0% $117 / Sq Ft
08/08/2016 08/08/16 Sold $157,900 -4.2% $41 / Sq Ft
06/29/2016 06/29/16 Pending -- -- --
04/22/2016 04/22/16 For Sale $164,900 -- $43 / Sq Ft
Source: Central Virginia Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ann Schweitzer Riley

    Seller's Agent in 2022

    Ann Schweitzer Riley

    One South Commercial LLC

    (434) 981-3146

    1 in this area

    37 Total Sales

    Ann Schweitzer Riley
    Section Image
  • Isaac Weintz

    Buyer's Agent in 2022

    Isaac Weintz

    One South Commercial LLC

    (804) 404-3161

    3 in this area

    41 Total Sales

    Isaac Weintz
    Section Image
  • Jasmine Douglas

    Seller's Agent in 2019

    Jasmine Douglas

    Next Level Real Estate Group LLC

    (804) 709-9852

    2 in this area

    107 Total Sales

    Jasmine Douglas
    Section Image

  • A

    Seller's Agent in 2016

    Andy Klemm

    EXP Realty LLC

    Section Image
  • April Winston

    Buyer's Agent in 2016

    April Winston

    Plentura Realty LLC

    (804) 647-0268

    48 Total Sales

    April Winston
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 2217733

Central Virginia Regional MLS

APN: N-000-1059-022

Virginia Richmond City County Richmond 23222 Highland Park

3117 Carolina Ave, Richmond, VA

This home is located at 3117 Carolina Ave, Richmond, VA 23222 since 22 June 2022. This property was built in 1928. 3117 Carolina Ave is a home located in Richmond City with nearby schools including Henderson Middle School, John Marshall High School, and Open High School.

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.

Central Virginia Regional MLS 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 ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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