The Fan Multifamily Homes & Duplexes for Sale

/3
$1,600,000
- 5,283 Sq Ft
1012 Park Ave, Richmond, VA 23220

AMAZING INVESTMENT OPPORTUNITY IN THE HEART OF THE FAN DISTRICT. Just steps from VCU, this updated 4 UNIT property spans 4,878 sqft and features a total of 11 bedrooms and 8 bedrooms. The building has been fully renovated with modern systems: central air/heat pumps, updated plumbing and electric, sprinkler system, fire alarm monitoring, double-paned windows, in-unit laundry, and a metal roof. The

Teresa Mueller The Mueller Group LLC

1012 Park Ave, Richmond, VA 23220
Explore The Fan
/17
$1,500,000
- 4,878 Sq Ft
1010 Park Ave, Richmond, VA 23220

AMAZING INVESTMENT OPPORTUNITY IN THE HEART OF THE FAN DISTRICT. Just steps from VCU, this updated 4 UNIT property spans 4,878 sqft and features a total of 10 bedrooms and 8 bedrooms. The building has been fully renovated with modern systems: central air/heat pumps, updated plumbing and electric, sprinkler system, fire alarm monitoring, double-paned windows, in-unit laundry, and a metal roof.

Teresa Mueller The Mueller Group LLC

1010 Park Ave, Richmond, VA 23220
/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
/28
$1,100,000
- 3,150 Sq Ft
4 S Vine St, Richmond, VA 23220

Classic brick quad in the heart of the Fan! Recently renovated and boasting a strong rental history, this property is a proven income-producing opportunity. This property offers updated finishes while maintaining historic charm. Each unit features 2 bedrooms and 1 bath, galley kitchens, large living space, and covered decks- the functionality is well designed! Private off-street parking spaces

Christy Bowman Harris & Assoc, Inc

4 S Vine St, Richmond, VA 23220
/33
$649,000
- 1,866 Sq Ft
1320 W Main St, Richmond, VA 23220

Offered for sale in the heart of Richmond’s Fan District, this versatile 2 story mixed-use duplex presents a rare opportunity for an owner occupant or investor. Located on an elevated site on high visibility W Main Street just steps from VCU, the property totals just under 2,000 square feet and is currently configured as a ground-floor office with a residential apartment above. With flexible

Justin Sledd One South Commercial LLC

1320 W Main St, Richmond, VA 23220
/28
$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
/4
$585,000
- 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

Virginia Richmond City County Richmond The Fan

Why Live in The Fan

The Fan neighborhood in Richmond, Virginia, is a historic area influenced by the City Beautiful movement, characterized by its orderly architectural designs and public green spaces. Monument Avenue, with its grassy medians and historic mansions, is a notable feature, though it has a complex history tied to Confederate statues, which were removed in 2021. The neighborhood offers a variety of dining options, with local favorites like Joe’s Inn, Kuba Kuba, and Bacchus lining Main and Cary streets. Shopping is convenient with nearby Carytown providing grocery stores and boutique shops. For medical needs, residents have access to the Retreat Doctor’s Hospital within the neighborhood and VCU Medical Center about 2 miles away. The Fan is home to several parks, including Monroe Park, Scuffletown Park, and Meadow Park, all within walking distance for residents. The area also supports a vibrant arts scene, with local galleries, murals, and venues like The Altria and The Camel hosting performances. The Virginia Museum of Fine Arts and the Virginia Museum of History and Culture are nearby cultural landmarks. The Fan District Association organizes community events such as the Holiday House Tour and the Kitchen and Garden Tour. The neighborhood is zoned for Richmond Public Schools, with students attending William Fox Elementary, currently relocated to Clark Springs Elementary, and the highly rated Maggie L. Walker Governor’s School for Government and International Studies. Homes in The Fan range from Queen Annes to Craftsman-style properties, creating a cohesive yet unique streetscape.

Learn more about living in The Fan

Home Trends in The Fan, VA

On average, homes in The Fan, Richmond sell after 27 days on the market compared to the national average of 52 days. The median sale price for homes in The Fan, Richmond over the last 12 months is $699,000, up 19% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$699,000

Median Single Family Sale Price

$810,000

Median Townhouse Sale Price

$680,000

Median 2 Bedroom Sale Price

$323,500

Median 1 Bedroom Sale Price

$217,000

Average Price Per Sq Ft

$358

Number of Homes for Sale

Last 12 months Home Sales

193

Months of Supply

2.40

Median List Price

$670,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

19%

How to Buy a Home How to Finance a Home How to Sell a Home

In The Fan, there are currently 7 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $585,000 to $2,200,000, there's something for every budget. As of September, 2025 the median home price in The Fan, Richmond is $670,000, while the average sale price is $758,783, providing insight into local market trends. On average, multi-family homes spend 27 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in The Fan, Richmond.

The Fan Types of Homes for Sale

The Fan Real Estate Listings

The Fan New Construction Homes

More About Living in The Fan

Homes in Nearby Neighborhoods

Homes in Nearby Cities

Homes in Nearby Counties

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.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage