804-433-1825
114 E Franklin St, Richmond, VA for Sale
Apartments - FOR SALE
1/22
null | Request Cap Rate

114 E Franklin St
Richmond, VA 23219
Monroe Ward


HIGHLIGHTS

  • Historic boutique property featuring 11 apartment units within Richmond’s iconic Linden Row
  • Architecturally significant three-story building with private courtyard setting
  • Positioned in Monroe Ward within walking distance of dining, retail, and cultural attractions
  • Investment-ready asset offering stable returns and adaptive potential for premium rentals
  • Turn-key configuration combining heritage charm with modern functionality

OVERVIEW

The Edgar at Linden Row offers a rare acquisition opportunity within Richmond’s Monroe Ward district, featuring an architecturally rich 19th-century setting. This boutique multifamily property showcases 11 fully configured apartment units encapsulated in a historically significant three-story building. With a design that blends heritage character with modern livability, the property provides investors with both cachet and functionality. The property benefits from its placement in the Linden Row historic enclave—an area synonymous with Richmond’s cultural legacy and enduring appeal. Residents enjoy a private courtyard oasis amid an urban core, while remaining steps away from Broad Street restaurants, boutique retail, and the city’s vibrant arts scene. Its B-4 zoning supports continued multifamily use, while the building’s unique scale and configuration accommodate potential repositioning for furnished rentals or executive housing models. With stable market fundamentals in Richmond’s downtown and proximity to the state capital’s key employers, this asset presents an opportunity for sustainable income growth and appreciation potential within a highly desirable submarket.

FOR SALE DETAILS

PRICE

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# OF UNITS

11

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Edgar at Linden Row

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1847

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,990 SF

ZONING

B-4

APN/PARCEL ID

W000-0063-017

ASK ABOUT THIS PROPERTY

804-433-1825

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804-433-1825

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