601 Stockton St - Apartments FOR SALE


Richmond, VA 23224- Old Town Manchester
$2,200,000 USD
804-266-8831
601 Stockton St, Richmond, VA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/49
null | Request Cap Rate

601 Stockton St
Richmond, VA 23224
Old Town Manchester


HIGHLIGHTS

  • Prime location in Manchester
  • Strong rents with opportunity for growth
  • Potential for condo conversion with adjacency to a new townhome development
  • Ample off-street parking: 18 spaces

OVERVIEW

Renovated Historic Building in Richmond’s HOT Manchester Neighborhood with 12-Units and Off-Street Parking! Discover a rare chance to acquire a stabilized, income-producing multifamily asset in one of Richmond’s fastest-growing urban neighborhoods. 601 Stockton Street is a 12-unit apartment community located in the heart of Manchester, a district known for robust redevelopment, walkability, and strong rental demand. Property Highlights • 12 Total Units – Well-maintained, consistently leased apartment community • 18 Off-Street Parking Spaces – A rare and highly desirable amenity in an urban neighborhood • Prime Manchester Location – Walkable to Hull Street’s growing lineup of restaurants, breweries, retail, and new mixed-use development • Strong Rental Demand – Manchester continues to see rising rents and high occupancy • Turnkey Investment – Immediate cash flow with future value-add opportunities • Condo Conversion Potential – Property layout and parking availability present an attractive opportunity for future condominium sell-off • Urban Convenience – Minutes to Downtown Richmond, the James River Park System, and major employment centers • Excellent Access – Close proximity to I-95, the Downtown Expressway, and public transit Investment Summary 601 Stockton Street gives investors the rare chance to control a well-located, manageable multifamily asset with multiple strategic exit options. With strong in-place performance, 18 dedicated parking spaces, and potential for future condo conversion, the property is positioned to capture both immediate income and long-term appreciation as the Manchester neighborhood continues to evolve.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

12

PRICE/UNIT

$183,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Textile Lofts at Plant Zero

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,460 SF

ZONING

B-7

APN/PARCEL ID

S000-0110-011

ASK ABOUT THIS PROPERTY

Lory MarkhamOne South CommercialMore Info
804-266-8831

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Lory MarkhamOne South CommercialMore Info
804-266-8831

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