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Mosby Home for Sale

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    $2,300,000

    • 14,899 Sq Ft

    1401 Coalter St, Richmond, VA 23223

    Investment Opportunity: 20-Unit Apartment Complex with Value-Add Potential.Discover this well-positioned 20-unit multifamily property, it provides solid mix of both long-term tenants, and newer short-term tenants with newer leases of $ 1250.00, providing both stable cash flow, and room for income growth. With a Mix that includes several partial vaulted ceilings, adding to the architectural

    Kenneth Byers Weichert Brockwell & Associate

    1401 Coalter St, Richmond, VA 23223

Why Live in Mosby

Mosby, located near the East End of Richmond, provides residents with convenient access to downtown, just 6 minutes away. This mainly residential neighborhood features small single-family homes on modest lots with shallow, fenced front lawns. Many homes, built in the mid-1900s, retain their original condition, though renovations and modern updates are becoming more common. The area showcases a variety of American vernacular styles, including single-story bungalows, contemporary Cape Cods, minimal traditional homes, and two-story foursquare Colonial Revival houses. Mosby Court, a public housing project, consists of brick Colonial Revival row houses centered around a shared yard. Local convenience stores provide groceries and essentials, while downtown Richmond offers additional shopping and dining options. Community institutions support residents with discounted groceries and mentoring programs for high school students. The neighborhood's crime rate is comparable to the national average, making it a practical choice for those seeking affordability and proximity to the city. The homes in Mosby range in price, with three-bedroom minimal traditional homes without updates starting around $135,000 and updated three-bedroom bungalows reaching up to $220,000. This price range makes Mosby an affordable option for many homebuyers.

Frequently Asked Questions

Is Mosby a good place to live?
Mosby is a good place to live. Mosby is considered car-dependent and somewhat bikeable with some transit options. Mosby is a suburban neighborhood. Mosby has 5 parks for recreational activities. It is very dense in population with 22.2 people per acre and a median age of 30. The average household income is $37,363 which is below the national average. College graduates make up 3.1% of residents. A majority of residents in Mosby are renters, with 95.7% of residents renting and 4.3% of residents owning their home. A local real estate agent serving Mosby can help you decide if this neighborhood is the right one for you. Learn more on our Mosby neighborhood guide.
How much do you need to make to afford a house in Mosby?
The median home price in Mosby is $1,500,000. If you put a 20% down payment of $300,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $7,760 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $333K a year to afford the median home price in Mosby. The average household income in Mosby is $37K.
What are the best public schools in Mosby?
The best public schools that serve Mosby are:
What are the best private schools in Mosby?
The best private schools that serve Mosby are:
What are the most popular zip codes in Mosby, Richmond, VA?
The most popular zip codes in Mosby, Richmond, VA include 23223, 23219, 23220, 23231 and 23222.
What are the most popular neighborhoods near Mosby, Richmond, VA?
The most popular neighborhoods near Mosby, Richmond, VA are Fairmount, Church Hill North, Church Hill, Woodville and Chimborazo.

Home Trends in Mosby, VA

Housing Trends

Median Sale Price
$1,400,000
Median Single Family Sale Price
$1,400,000
Average Price Per Sq Ft
$335
Number of Homes for Sale
0
Last 12 months Home Sales
2
Months of Supply
0.00
Median List Price
$1,500,000
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
93%
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