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Richmond, VA Multifamily Homes & Duplexes for Sale

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  • /43

    $349,900

    • 3,416 Sq Ft

    3318 Semmes Ave, Richmond, VA 23225

    Discover the potential in this over/under duplex offering a combined 3,416 sq ft of space on a generous lot in the heart of Richmond. Whether you envision restoring its original character or starting fresh with a new build, the location provides excellent access to city amenities, major roadways, dining, and the vibrant Semmes Avenue corridor. Bring your vision and transform this property into

    Agent Photo

    Kimberly Plourde

    EXIT Realty Central

    (804) 825-2328

    3318 Semmes Ave, Richmond, VA 23225
  • /20

    $875,000

    • 2,400 Sq Ft

    408 N Robinson St, Richmond, VA 23220

    Don't miss out on the rare opportunity to own a modern duplex in Richmond's vibrant Fan District! Constructed in 2016, this 2,400 sq ft property features two spacious apartments, each with 3 bedrooms and 2 baths. These units are equipped with contemporary conveniences, including tankless water heaters, central air, washers/dryers, refrigerators, gas stoves, microwaves, granite countertops, and

    Phillip Skaggs Maison Real Estate Boutique

    408 N Robinson St, Richmond, VA 23220
  • /14

    $389,900

    • 2,306 Sq Ft

    4910 Chamberlayne Ave, Richmond, VA 23227

    Fully occupied BRICK DUPLEX in GINTER PARK! 3 BEDROOMS and 1 FULL BATH per unit. Double paned windows throughout! Easy to rent! Close to public transit! 10 minutes from the heart of Richmond. Less than 10 minutes from VCU campus. Up and down units with almost identical floor plans. Beautiful hardwood floors! Beautiful, level yard. Rear parking as well as street parking. Sold as-is.

    John Clark RE/MAX Commonwealth

    4910 Chamberlayne Ave, Richmond, VA 23227
  • /50

    $599,950

    • 3,356 Sq Ft

    2111 North Ave, Richmond, VA 23222

    Fantastic investment opportunity in the exploding Northside section of Richmond! Located minutes from downtown Richmond, 95 and 64. This modern duplex offers 3 bedrooms and 2.5 bathrooms per side, with each unit boasting approximately 1,673 sq ft of living space. Built in 2007 and renovated in 2019, the property features a spacious kitchen with granite countertops, recess lighting, vinyl plank

    Saiyd Smith United Real Estate Richmond

    2111 North Ave, Richmond, VA 23222
  • /37

    $300,000

    • 2,072 Sq Ft

    1619 Oakwood Ave, Richmond, VA 23223

    Step into Richmond’s history with this 1910 bungalow-style multi-family home located in the Oakwood–Chimborazo Historic District. This duplex features two open floor plan units making it ideal for investors, house-hackers, or those seeking a home with income potential. Inside, you’ll find spacious layouts with high ceilings, large windows, and timeless character ready for your personal touches.

    Saiyd Smith United Real Estate Richmond

    1619 Oakwood Ave, Richmond, VA 23223
  • /45

    $495,000

    • 2,663 Sq Ft

    615 Idlewood Ave, Richmond, VA 23220

    Invest in real estate! This property is zoned as a duplex offering flexibility to future owners and tenants. The most recent tenants rented as one group for $2,800/month. The first floor features two bedrooms, full bath, living room and kitchen. The second floor features two bedrooms, full bath, living room and the previous kitchen(flex or reinstall the kitche). The property is located just down

    Philip Innes RE/MAX Commonwealth

    615 Idlewood Ave, Richmond, VA 23220
  • /17

    $949,000

    • 2,360 Sq Ft

    4 S Auburn Ave, Richmond, VA 23221

    This fully renovated property consists of four one bedroom apartments, each designed to blend modern convenience with timeless character. Recent upgrades include new kitchens, bathrooms, flooring, in-unit washer/dryers, and more. Three of the four units are currently leased at $1,499 per month, generating strong immediate income. The fourth unit has been intentionally left vacant, offering

    Justin Sledd One South Commercial LLC

    4 S Auburn Ave, Richmond, VA 23221
  • /9

    $390,000

    • 1,536 Sq Ft

    3002 5th Ave, Richmond, VA 23222

    Charming Richmond Duplex with Proven Rental Income! Discover 3002 5th Avenue — a classic and well-cared-for duplex perfectly positioned in the heart of Richmond. Full of timeless character and investment appeal, this property sits on a generous lot and offers versatility for both investors and owner-occupants alike. Step inside to find original hardwood floors that bring warmth and charm to each

    Rich Sena Redfin Corporation

    3002 5th Ave, Richmond, VA 23222
  • /36

    $625,000

    • 2,102 Sq Ft

    2618 W Main St, Richmond, VA 23220

    Welcome to 2618 Main Street, this duplex is located in the heart of the fan, across from Bamboo! Additional features are hardwood floors through most of the building, each unit has its own laundry, fenced in back yard, back patio & off street parking. The upstairs unit features a bedroom with a small office/nursery room so could be configured for 2 bedrooms. The downstairs unit has also been

    Chelle Bravo Shaheen Ruth Martin & Fonville

    2618 W Main St, Richmond, VA 23220
  • /29

    $995,000

    • 2,700 Sq Ft

    620 N 32nd St, Richmond, VA 23223

    Exceptional investment opportunity in Richmond offering $96,000 gross annual income! This fully renovated 4-unit property is not only turnkey, but also delivers the highest rental rate per unit among all quadplex sales in the Downtown Richmond area. With long-term tenants in place and quality upgrades throughout, this asset offers immediate cash flow and minimal ongoing responsibilities. Each

    Corey Chandler EXP Realty LLC

    620 N 32nd St, Richmond, VA 23223
  • /18

    $499,000

    • 1,648 Sq Ft

    7 N 21st St, Richmond, VA 23223

    7 N 21st Street is located in the heart of Richmond’s lively Shockoe Bottom Neighborhood. The property features spacious and updated units consisting of one bedroom/ one bathroom each, large open concept living areas and in unit washer dryer. Tenants enjoy ample outdoor patio space in the rear. Just steps away from many bars and restaurants, this duplex provides buyers with a unique opportunity

    Isaac Weintz One South Commercial LLC

    7 N 21st St, Richmond, VA 23223
  • /35

    $995,000

    • 2,700 Sq Ft

    618 N 32nd St, Richmond, VA 23223

    Exceptional investment opportunity in Richmond offering $96,000 gross annual income and 9.2% CAP rate! This fully renovated 4-unit property is not only turnkey, but also delivers the highest rental rate per unit among all quadplex sales in the Downtown Richmond area. With long-term tenants in place and quality upgrades throughout, this asset offers immediate cash flow and minimal ongoing

    Corey Chandler EXP Realty LLC

    618 N 32nd St, Richmond, VA 23223
  • /27

    $2,200,000

    • 8,296 Sq Ft

    1012 W Franklin St, Richmond, VA 23220

    1012 W. Franklin St is one of Richmond’s most iconic Greystone/Granite buildings, ideally located in the popular Fan District just steps from VCU. This 8,298 sq. ft. property features SIX units, 18 bedrooms, 12 baths, plus 2 off-street parking spaces and a rear garage currently used as a workshop. The building has been fully renovated with modern systems: central air/heat pumps, updated plumbing

    Teresa Mueller The Mueller Group LLC

    1012 W Franklin St, Richmond, VA 23220
  • /25

    $699,950

    • 1,980 Sq Ft

    3106 Hanover Ave, Richmond, VA 23221

    This well-appointed duplex offers two identical units, each featuring spacious living areas with hardwood floors throughout. The upstairs unit boasts a private balcony, while the lower-level unit includes a covered front porch—perfect for relaxing outdoors. Each unit is equipped with three wall-mounted air conditioning units to keep every space comfortable year-round. Both units feature a large

    Graham Rashkind Rashkind Saunders & Co.

    3106 Hanover Ave, Richmond, VA 23221
  • /19

    $255,000

    • 2,034 Sq Ft

    1204 N 20th St, Richmond, VA 23223

    PRICE REDUCED $20,000! Property back on the market. Financing fell through due to no fault of seller. Attention Investors in Church Hill! This affordable two-story duplex with separate heating features a living room, kitchen, bedroom, bonus room, bath, and bay window in each unit. The electric range and refrigerator in each unit convey. The property has a full front porch and is fenced in on the

    Linda Cannon Samson Properties

    1204 N 20th St, Richmond, VA 23223

Why Live in Richmond

Richmond's James River Park System provides direct access to hiking, biking, and whitewater rafting within city limits, while Belle Isle features Civil War ruins and scenic river views. The Virginia Museum of Fine Arts showcases world-renowned art collections with free admission, complemented by 100+ parks throughout the city. Food culture thrives through standout restaurants like L'Opossum, known for contemporary American cuisine, and Mama J's authentic soul food in historic Jackson Ward. The Carytown district features independent boutiques, while Scott's Addition has become a destination for craft breweries and entertainment venues.

The Richmond housing market includes diverse options across distinct neighborhoods. The Fan District contains single family homes with a median price of $841,000, while similar properties in Carytown have a median of $541,500. Church Hill single family homes show a median of $581,800, and Windsor Farms reaches a median of $1,807,500. One bedroom condos throughout Richmond have a median price of $256,000, while two bedroom units reflect a median of $337,500.

Richmond's cost of living sits 5.6% below the national average. A family with school-age children requires approximately $100,000 annual income to live comfortably, with monthly expenses averaging $8,000. The property tax rate of 0.86% compares favorably to Petersburg at 0.92%. Top-rated schools include the public Maggie Walker Governor's School and private institutions like St. Catherine's School and Collegiate School. Virginia Commonwealth University and Virginia Union University provide higher education options. The GRTC Transit System serves the area, with the Pulse bus rapid transit line running east to west. Washington D.C. lies 100 miles north, a two-hour drive via I-95.

Home Trends in Richmond, VA

Housing Trends

Median Sale Price
$390,000
Median Single Family Sale Price
$395,000
Median Townhouse Sale Price
$368,117
Median 2 Bedroom Sale Price
$321,500
Median 1 Bedroom Sale Price
$260,000
Average Price Per Sq Ft
$265
Number of Homes for Sale
559
Last 12 months Home Sales
3,376
Months of Supply
2.00
Median List Price
$395,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
4%
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