3314 3rd Avenue Ave - Apartments FOR SALE


Richmond, VA 23222- North Highland Park | 
$349,000 USD
804-307-4060
3314 3rd Avenue Ave, Richmond, VA for Sale
$349,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

3314 3rd Avenue Ave
Richmond, VA 23222
North Highland Park


HIGHLIGHTS

  • Spacious unit mix
  • Renovated kitchens and bathrooms
  • In-unit washer/dryer
  • Separately metered
  • Fully leased

OVERVIEW

3314 3rd Avenue presents an excellent opportunity to acquire an updated, income-producing duplex in Richmond’s Northside. The property features a spacious three-bedroom apartment upstairs, currently leased for $1,493 per month, and a two-bedroom apartment downstairs, currently leased for $1,275 per month. Both residences offer renovated kitchens and bathrooms, in-unit washers and dryers, and central heating and air conditioning. The property is separately metered, with tenants responsible for all utilities, helping simplify ownership and reduce operating expenses. Off-street parking is also available on-site—an attractive convenience for current and future residents. Conveniently located near neighborhood shops, restaurants, parks, major roadways, and Downtown Richmond, 3314 3rd Avenue combines steady rental income, desirable amenities, and a strong Northside location. Downstairs unit: -2BD/ 1BA -$1,275/month -Lease expires: 7/31/2027 Upstairs unit: -3BD/ 1BA -$1,493/month -Lease expires: 8/31/2027

FOR SALE DETAILS

PRICE

$349,000 USD

PRICE/SF

$207 USD /SF

# OF UNITS

2

PRICE/UNIT

$174,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Renovated Northside Duplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,148 SF

ZONING

R-6

APN/PARCEL ID

N000-1073-005

ASK ABOUT THIS PROPERTY

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804-307-4060

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804-307-4060

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