2800 Park Ave - Apartments FOR SALE


Richmond, VA 23221- The Museum District
$1,495,000 USD
804-307-4060
2800 Park Ave, Richmond, VA for Sale
$1,495,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

2800 Park Ave
Richmond, VA 23221
The Museum District


HIGHLIGHTS

  • 6 unit multi-family asset
  • Two-bedroom floor plans
  • Fully occupied with strong in-place income
  • Below market rents value-add upside
  • Prime Museum District location

OVERVIEW

One South Commercial is pleased to present the exclusive listing for 2800 Park Avenue in Richmond. This classic six-unit brick apartment building combines timeless architectural appeal with durable construction and long-term investment stability. The property features spacious two-bedroom units, central heating and air conditioning, and convenient washer and dryer access in the basement. The asset has demonstrated a strong rental history and is currently fully occupied, offering immediate in-place cash flow. Additionally, below-market rents present a compelling opportunity for investors to increase revenue and drive long-term value. The inclusion of central air conditioning further enhances tenant appeal and supports rental growth. Ideally located just one block off Monument Avenue, the property sits within walking distance of some of Richmond’s most desirable amenities, including the Virginia Museum of Fine Arts, along with countless restaurants, local retailers, and coffee shops that define the Fan and Museum District lifestyle. 2800 Park Avenue represents a rare opportunity to acquire a well-located, historically significant multifamily property in one of Richmond’s most proven and resilient rental markets.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

6

PRICE/UNIT

$249,167

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare Museum District Multi-Family Investment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,480 SF

ZONING

R-48

APN/PARCEL ID

W000-1250-010

ASK ABOUT THIS PROPERTY

Justin SleddOne South CommercialMore Info
804-307-4060

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Justin SleddOne South CommercialMore Info
804-307-4060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.