3518 E Richmond Rd Unit U3 Richmond, VA 23223
Oakwood NeighborhoodEstimated payment $892/month
Highlights
- Central Air
- Ceiling Fan
- Heat Pump System
- Open High School Rated A+
- Carpet
About This Home
Income-producing townhomes in Richmond’s established east-end corridor. Six 2-bedroom, 1-bath units available with strong rental history and five are currently tenant occupied, offering immediate and stable cash flow.
Units 14, 12, 3 and 15 have been renovated with updated kitchens, LVP flooring, and modern finishes. Remaining units are well maintained and currently performing. Washer/dryer connections in each unit. Tenants pay utilities. Select units include Housing Choice Voucher tenants with consistent payment history. Opportunity to purchase individually or together. Well positioned near downtown Richmond, Church Hill, and major commuter routes with continued growth and rental demand. Invited to contact lender with any financing questions.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,224
Year Built
- Built in 1966
HOA Fees
- $122 Monthly HOA Fees
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
- Vinyl Siding
Interior Spaces
- 760 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Laminate Countertops
- Washer and Dryer Hookup
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Schools
- Chimborazo Elementary School
- Martin Luther King Jr. Middle School
- Armstrong High School
Utilities
- Central Air
- Heat Pump System
- Water Heater
Community Details
- Villas Of Oakwood South Subdivision
Listing and Financial Details
- Assessor Parcel Number E000-1763-088
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/26/2026 03/26/26 | Pending | -- | -- | -- | |
| 03/05/2026 03/05/26 | For Sale | $125,000 | +126.2% | $164 / Sq Ft | |
| 06/26/2019 06/26/19 | Sold | $55,250 | -4.7% | $71 / Sq Ft | View Prior Sale |
| 04/22/2019 04/22/19 | Pending | -- | -- | -- | |
| 04/17/2019 04/17/19 | For Sale | $58,000 | -- | $74 / Sq Ft |
Source: Central Virginia Regional MLS
MLS Number: 2604638
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.
- 3530 E Richmond Rd Unit U11
- 3530 E Richmond Rd Unit U15
- 3530 E Richmond Rd Unit U12
- 3528 E Richmond Rd Unit U20
- 3518 E Richmond Rd Unit U12
- 3510 E Richmond Rd Unit U14
- 3510 E Richmond Rd Unit U5
- 3510 E Richmond Rd Unit U6
- 3520 E Richmond Rd Unit U106
- 1619 Oakwood Ave
- 1230 N 37th St
- 1517 Oakwood Ave
- 1201 N 37th St
- 1120 N 35th St
- 814 N 38th St
- 1009 N 35th St
- 905 N 36th St
- 907 N 36th St
- 3404 S St
- 909 1/2 N 36th St
Ask me questions while you tour the home.