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Richmond, VA Multifamily Homes & Duplexes for Sale

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  • /45

    $599,980

    • 3 Beds
    • 2.5 Baths
    • 1,974 Sq Ft

    5260 Old Main St Unit A, Henrico, VA 23231

    Experience elevated city living in this exceptional 3-bed, 3-bath modern townhouse along the James River & overlooking the Virginia Capital Trail. Blending urban energy with natural beauty, just steps from restaurants, breweries, & boutique shops. Inside, a light-filled open layout showcases “unbelievable James River & skyline views” from nearly every level. The main living area features a sleek

    Agent Photo

    Marshall Toney

    EXP Realty LLC

    (434) 623-9867

    5260 Old Main St Unit A, Henrico, VA 23231
  • /43

    $699,000 New Construction

    • 2,669 Sq Ft

    115 W 10th St, Richmond, VA 23224

    NEW CONSTRUCTION and scheduled for completion in October of 2026. Conveniently located in historic Manchester near downtown, James River Park System, and new restaurants/breweries. Downstairs unit has 2 Bedrooms and 2 Baths, LVP floors, quartz tops. Upstairs unit has 3 Bedrooms, 2.5 Baths, wood floors in living room/kitchen/master bedroom/stairs/hallways, ceramic tile in bathrooms, and quartz

    Christopher Blake Monroe Properties

    115 W 10th St, Richmond, VA 23224
  • /6

    $545,000

    • 1,230 Sq Ft

    2227 Park Ave, Richmond, VA 23220

    Rare opportunity to own an iconic Fan Corner Storefront with a bright, sunny apartment above. This mixed-use commercial and residential property perfectly bridges the charming Park Ave. homes with the lively shops and cafes of Strawberry Street. A reliable commercial tenant with a lease through August 2028 brings in steady income of $1,440 per month, while the second floor operates as an Airbnb

    George Cumming Long & Foster REALTORS

    2227 Park Ave, Richmond, VA 23220
  • /54

    $599,950

    • 3,148 Sq Ft

    1400 Broad Rock Blvd, Richmond, VA 23224

    Excellent investment opportunity in a highly convenient Richmond location! This well-maintained duplex sits on a spacious over half-acre lot directly across from the McGuire VA Medical Center, offering strong rental demand and long-term value. The property features a large concrete driveway, privacy fencing, and two electric gates providing secure and easy access. Outdoor amenities include a

    Walter Mena NextHome Partners Realty

    1400 Broad Rock Blvd, Richmond, VA 23224
  • /32

    $975,000

    • 2,360 Sq Ft

    4 S Auburn Ave, Richmond, VA 23221

    This turnkey property offers investors and owner-occupants alike the rare opportunity to acquire a stabilized asset with modern upgrades, strong in-place income, and long-term upside. The property has undergone a comprehensive renovation, featuring new kitchens with stainless steel appliances, updated bathrooms, new LVP flooring, and efficient mini-split heating and cooling systems throughout.

    Justin Sledd One South Commercial LLC

    4 S Auburn Ave, Richmond, VA 23221
  • /21

    $1,100,000

    • 3,302 Sq Ft

    16 S Harrison St, Richmond, VA 23220

    Newly renovated duplex right across the street from VCU. Near restaurants, and shops and other amenities. . The top unit features 4 bedrooms, a family room, a brand new kitchen, and 2 full bathrooms. The bottom unit includes 4 bedrooms, a family room, newer kitchen and 2 full bathroom. Both units come equipped with washers, dryers, and refrigerators for added convenience. The property also

    Mike Drechsler Rashkind Saunders & Co.

    16 S Harrison St, Richmond, VA 23220
  • /46

    $725,000

    • 2,620 Sq Ft

    4412 Cutshaw Ave, Richmond, VA 23230

    Whether you are growing your existing rental portfolio or waiting for the perfect property to start investing, this DUPLEX is not to be missed! LOCATION, LOCATION, LOCATION! This sophisticated property feels like quintessential Richmond and will be appreciated by even the most discerning eye. This classic brick and slate Colonial, seamlessly blends into its prime Area 20 neighborhood,and enters

    Clair Blackwell Stewart Charles A Rose Co, Inc

    4412 Cutshaw Ave, Richmond, VA 23230
  • /78

    $889,000

    • 3,218 Sq Ft

    2863 Hull St, Richmond, VA 23224

    Rare value-add opportunity to acquire a fully renovated 7-unit multifamily building strategically positioned on the high-visibility Hull Street commercial corridor. This B-3 zoned property, totaling approximately 3,218 SF, features six studio apartments with full kitchens and private bathrooms, plus one additional guest suite, all updated in 2020. With a stabilized gross potential income of

    Amanda Hardesty Hardesty Homes

    2863 Hull St, Richmond, VA 23224
  • /37

    $670,000

    • 2,212 Sq Ft

    3228 Hanover Ave, Richmond, VA 23221

    Enjoy this fully renovated duplex in the heart of the Museum District, just blocks from Carytown and the Virginia Museum of Fine Arts, and around the corner from Scott’s Addition—one of Richmond’s most walkable and sought-after areas. This all-brick property features two spacious 2-bedroom, 1-bath units, each offering over 1,100 square feet. Both units include oak hardwood floors, updated

    Matt Jarreau Hometown Realty

    3228 Hanover Ave, Richmond, VA 23221
  • /20

    $474,950

    • 2,170 Sq Ft

    317 S Granby St, Richmond, VA 23220

    Turnkey investment opportunity featuring a well-maintained duplex with two income-producing units, ideal for both seasoned investors and those looking to expand their portfolio! Each unit offers 2 bedrooms and 1 full bath, with strong rental history and upside potential based on current market comparables. Unit A offers approximately 800 sq ft and is currently leased at $1,270/month plus $80 pet

    Paul Liberti Boone Residential LLC

    317 S Granby St, Richmond, VA 23220
  • /35

    $724,950

    • 3,168 Sq Ft

    1430 W Clay St, Richmond, VA 23220

    CASH COW! Gross income of $5000 a month. Check out this duplex in the center of VCU country! Beautifully maintained. The owners even send cleaners once a month. The lower level is one unit which features 2 bedrooms, a kitchen with laundry plus a bath. The upper level unit is be 5 bedrooms, has a kitchen, 2 bath and laundry. This location does not get any more convenient for your tenants! Walk to

    Jenny Maraghy Compass

    1430 W Clay St, Richmond, VA 23220
  • /25

    $400,000

    • 2,322 Sq Ft

    10 N Lombardy St, Richmond, VA 23220

    Location! Location! Location! and flanked by lovely single family homes, this duplex needs a full renovation and could be converted to a single family home. Bring your contractor and creativity! Property is being sold "as is".

    Betsy Dotterer The Steele Group

    10 N Lombardy St, Richmond, VA 23220
  • /53

    $5,100,000

    • 20,340 Sq Ft

    2201 E Main St, Richmond, VA 23223

    Located in the heart of Shockoe Bottom, the Broom Factory Condominiums offer a rare opportunity to own a thoughtfully restored piece of Richmond history. The best of both worlds - historic and brand new - Originally built in 1921 as the Richmond Broom Manufacturing Company, this iconic industrial building has been reimagined into 12 custom condominium residences that blend historic character with

    Kyle Yeatman Long & Foster REALTORS

    2201 E Main St, Richmond, VA 23223
  • /18

    $489,000

    • 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 (1) one bedroom/ one bathroom and one (1) two bedroom/one bathroom, 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

    Isaac Weintz One South Commercial LLC

    7 N 21st St, Richmond, VA 23223
  • /36

    $1,195,000

    • 5,692 Sq Ft

    2000 Lamb Ave, Richmond, VA 23222

    2000 Lamb Avenue presents a compelling opportunity to acquire a stabilized, value-add multifamily asset in an improving Richmond submarket. The property consists of eight (8) apartment units and has strong historical occupancy, offering immediate cash flow with upside remaining. Ownership has completed substantial capital improvements, including full renovations of six (6) of the eight units,

    Justin Sledd One South Commercial LLC

    2000 Lamb Ave, Richmond, VA 23222
  • /3

    $465,000

    • 1,540 Sq Ft

    3114 Park Ave, Richmond, VA 23221

    Adorable 1962 Duplex (just see the exterior renovation of the twin property at 3126!) with 1/1 up and 1/1 down. Great location in the heart of the Museum District just one block to the central commercial triangle of Park Ave, Sheppard St, and Patterson Ave. Large, deep lot wmakes this a great rental or owner occupied investment property with development potential. Each unit has a living room and

    Coleen Butler Rodriguez The Steele Group

    3114 Park Ave, Richmond, VA 23221
  • /4

    $618,000

    • 1,518 Sq Ft

    2603 W Grace St, Richmond, VA 23220

    Mixed use property in the Fan! Discover an exceptional investment opportunity with this mixed-use building zoned R-48, ideally located near the bustling intersection of Boulevard and Broad St. This property features two cozy efficiency apartments, each approximately 380 sqft and currently generating monthly rental income of $1,050 and $1,100. In addition, there is a versatile business office

    Bryan Boykin ERA Woody Hogg & Assoc

    2603 W Grace St, Richmond, VA 23220
  • /3

    $800,000

    • 2,694 Sq Ft

    2607 W Grace St, Richmond, VA 23220

    Prime Fan District investment opportunity at 2607 W Grace St—a classic 1910 brick quadplex featuring four (4) one-bedroom apartments in one of Richmond’s most in-demand, walkable locations. With 2,694 sq ft across two stories, plus a partial basement, this property offers a strong footprint for a buy-and-hold strategy with long-term upside. The brick exterior, charming front porch, and off-street

    Bryan Boykin ERA Woody Hogg & Assoc

    2607 W Grace St, Richmond, VA 23220

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
$385,000
Median Single Family Sale Price
$398,950
Median Townhouse Sale Price
$360,000
Median 2 Bedroom Sale Price
$330,000
Median 1 Bedroom Sale Price
$248,975
Average Price Per Sq Ft
$266
Number of Homes for Sale
496
Last 12 months Home Sales
3,521
Months of Supply
1.70
Median List Price
$390,820
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-2%
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