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Richmond, VA Multifamily Homes & Duplexes for Sale

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  • /46

    $699,000

    $26K PRICE DROP
    • 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

    Agent Photo

    Clair Stewart

    Charles A Rose Co, Inc

    4412 Cutshaw Ave, Richmond, VA 23230
  • /2

    $399,900

    • 2,894 Sq Ft

    1517 N 22nd St, Richmond, VA 23223

    Great investment opportunity in historic Church Hill! This duplex features two occupied units with month-to-month tenants already in place, offering immediate rental income and flexibility for future plans. Unit A offers 2 bedrooms and 1 full bath, while Unit B features 3 bedrooms and 1 full bath. Conveniently located near local restaurants, parks, downtown amenities, and all that Church Hill has

    Agent Photo

    Steven Moss

    ICON Realty Group, ERA Powered

    1517 N 22nd St, Richmond, VA 23223
  • /12

    $649,950

    • 3,795 Sq Ft

    3105 Semmes Ave, Richmond, VA 23225

    Beautifully maintained duplex offering two spacious 2-bedroom units, blending original charm with modern comforts. Enjoy a large wrap-around front porch, an upstairs balcony, and unbeatable proximity to Forest Hill Park. This property offers both a comfortable residence and excellent investment potential. Duplex Offers:Bedrooms (2 per villa) Off-Street Parking

    Sharon Evans ICON Realty Group, ERA Powered

    3105 Semmes Ave, Richmond, VA 23225
  • /26

    $599,900

    • 2,384 Sq Ft

    1416 Porter St, Richmond, VA 23224

    ocated in the heart of Manchester, 1416 Porter Street presents an outstanding investment opportunity with this well-maintained duplex featuring two spacious 2-bedroom, 2-bathroom units. One unit is already leased, providing immediate rental income, while the second is vacant and move-in ready, making it ideal for an owner-occupant looking to offset their mortgage or an investor seeking to

    Will Hymes Monroe Properties

    1416 Porter St, Richmond, VA 23224
  • /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
  • /21

    $989,000

    • 6,448 Sq Ft

    2115 Phaup St, Richmond, VA 23223

    Outstanding opportunity to acquire an investor friendly 9-unit multifamily asset with stabilized rental income and an appraisal-supported cap rate of approximately 8.5% and current seller-provided operating figures close to a 9.5% cap rate. With average rent at $1200 per unit this investment opportunity is strong and reliable. The two-story brick apartment building offers a practical and

    Sean Gould Hometown Realty

    2115 Phaup St, Richmond, VA 23223
  • /41

    $665,000

    $10K PRICE DROP
    • 2,786 Sq Ft

    1501 Perry St, Richmond, VA 23224

    This newer construction duplex (built in 2022) is located in the lively and rapidly growing Manchester neighborhood. Offering spacious, open-concept floor plans, high ceilings, and stylish modern finishes, this property perfectly blends contemporary living with timeless charm. Kyle, the lovable deaf dog pictured in the listing photos, is a rescue from the Richmond Animal League, and he absolutely

    Lauryn Haynie Samson Properties

    1501 Perry St, Richmond, VA 23224
  • /75

    $1,150,000

    $45K PRICE DROP
    • 2,292 Sq Ft

    5508 Grove Ave, Richmond, VA 23226

    5508 Grove Avenue - a lovely, fully renovated duplex just steps from the popular Libbie/Grove shops & restaurants. This brick & slate property has been completely renovated inside & out and is a wonderful opportunity to own a high-end, income-producing investment. Live on one floor & rent out the other space, or rent both units. Total income for both units $6,500 per month. The lower unit is

    Eliza Branch Long & Foster REALTORS

    5508 Grove Ave, Richmond, VA 23226
  • /12

    $564,900

    • 2,532 Sq Ft

    133 W Jackson St, Richmond, VA 23220

    Own a piece of Richmond history with The Meredith House, a remarkable Federal-style duplex originally built in 1813 and recognized as one of the oldest surviving homes in historic Jackson Ward. Thoughtfully restored in 2014, this landmark property blends over two centuries of architectural character with modern conveniences, offering a rare opportunity for both investors and owner-occupants. Each

    Torey Mayfield 1st Class Real Estate Premier Homes

    133 W Jackson St, Richmond, VA 23220
  • /38

    $998,900

    $71K PRICE DROP
    • 5,703 Sq Ft

    2034 W Grace St, Richmond, VA 23220

    2034 W. Grace Street | The Fan | Richmond, VA2034 W. Grace Street presents a rare opportunity to acquire an entire duplex property on one of The Fan’s most established and walkable blocks. Built in 1908, this substantial two-family Richmond property offers historic architectural character, generous scale, and flexible ownership options in a prime city location. The property is listed with

    Christopher Small PARK 27

    2034 W Grace St, Richmond, VA 23220
  • /54

    $975,000

    • 3,286 Sq Ft

    1300 Floyd Ave, Richmond, VA 23220

    Positioned on one of Richmond’s most iconic residential neighborhoods – the Fan, 1300 Floyd Avenue presents a rare opportunity to acquire a classic Fan District triplex directly adjacent to Virginia Commonwealth University. This stately brick property blends historic Richmond architecture with strong in-place cash flow and substantial rental upside. The property features three spacious apartment

    Tom Rosman One South Commercial LLC

    1300 Floyd Ave, Richmond, VA 23220
  • /78

    $884,000

    $15K PRICE DROP
    • 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
  • /50

    $625,000

    $5K PRICE DROP
    • 2,697 Sq Ft

    2859 Hull St, Richmond, VA 23224

    Welcome to 2859 Hull Street, a versatile multi-family asset strategically positioned in the sought-after Burfoot Addition. Located along the revitalizing Hull Street Corridor and just moments from the vibrant Manchester neighborhood, this property offers a rare and lucrative opportunity for savvy investors or owner-occupiers looking to build equity in a high-growth area. The building is currently

    Amanda Hardesty Hardesty Homes

    2859 Hull St, Richmond, VA 23224
  • /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
  • /41

    $2,750,000

    • 18,972 Sq Ft

    2400 Barton Ave, Richmond, VA 23222

    2400 Barton Avenue presents an opportunity to acquire an 18-unit apartment community in Richmond's rapidly evolving Northside neighborhood. Situated prominently on the corner of Barton Avenue and East Graham Road, the property benefits from excellent visibility, abundant natural light, and a larger land footprint than many comparable apartment communities in the area. Since acquiring the

    Justin Sledd One South Commercial LLC

    2400 Barton Ave, Richmond, VA 23222
  • /17

    $589,900

    • 3,540 Sq Ft

    4915 Chamberlayne Ave, Richmond, VA 23227

    Exceptional investment opportunity for an ambitious househacker or a savvy buy-and-hold investor. After undergoing a full gut renovation in 2020, this property has been a stable income-producer in a growing pocket of Richmond. Three units are occupied by reliable tenants on long-term leases, while the 4th unit is month-to-month, giving the incoming owner flexibility to approach the property in a

    Nico Ericksen-Deriso EXP Realty, LLC

    4915 Chamberlayne Ave, Richmond, VA 23227
  • /68

    $599,950

    • 5,124 Sq Ft

    204 Welford St, Richmond, VA 23222

    Enjoy a rare opportunity to own a fully brick fourplex in Southern Barton Heights, just minutes from Downtown Richmond and around the corner from Brookland Park Blvd with lots of new commercial development. Three of the four units have been completely renovated and are move-in ready for new tenants, making this an outstanding investment opportunity. Each spacious unit is separartly metered (water

    Matt Jarreau Hometown Realty

    204 Welford St, Richmond, VA 23222
  • /27

    $429,900

    $20K PRICE DROP
    • 3,116 Sq Ft

    4202 Chamberlayne Ave, Richmond, VA 23227

    OPPORTUNITY IS KNOCKING! $70,000 UNDER CITY TAX ASSESMENT! Hard To Find, Beautifully Renovated Duplex in Richmond! ALL NEW KITCHENS, BATHS, FLOORING, APPLIANCES, TOO MUCH TO LIST. Current owner says: SELL IT! Separate Electrical, 2 Heat Pumps! OFF STREET Parking in the rear. Large basement for storage.

    Sam Miliotis The SSAM Agency

    4202 Chamberlayne Ave, Richmond, VA 23227
  • /20

    $935,000

    • 2,384 Sq Ft

    3203 Ellwood Ave, Richmond, VA 23221

    Located in the heart of Richmond's highly sought-after Carytown neighborhood, 3203 Ellwood Avenue offers a rare opportunity to acquire a fully renovated four-unit apartment building in one of the city's strongest rental markets. Each of the four thoughtfully updated one-bedroom apartments features modern finishes while maintaining the property's classic character. The building is fully leased,

    Justin Sledd One South Commercial LLC

    3203 Ellwood Ave, Richmond, VA 23221
  • /4

    $599,950

    $18K PRICE DROP
    • 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
  • /14

    $720,000

    • 2,996 Sq Ft

    206 W 14th St, Richmond, VA 23224

    Experience the perfect blend of contemporary design, urban convenience, and exceptional investment potential with this duplex located in one of Richmond's most dynamic and rapidly growing neighborhoods—Manchester.Designed with today's lifestyle in mind, this modern duplex offers two well-appointed residences featuring stylish finishes, open-concept living spaces, abundant natural light, and

    Kelly Rivers United Real Estate Richmond

    206 W 14th St, Richmond, VA 23224

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 Price Trends

Median Sale Price
$389,950
Median Single Family Sale Price
$399,950
Median Townhouse Sale Price
$356,000
Median 2 Bedroom Sale Price
$300,750
Median 1 Bedroom Sale Price
$237,000
Average Price Per Sq Ft
$269
Number of Homes for Sale
580
Last 12 months Home Sales
3,682
Months of Supply
1.90
Median List Price
$395,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-1%
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