1012 W Franklin Street, Richmond, VA 23220

Local realty services provided by:Better Homes and Gardens Real Estate Base Camp
1012 W Franklin Street,Richmond, VA 23220
$2,200,000
  • - Beds
  • - Baths
  • 8,296 sq. ft.
  • Multi-family
  • Active
Listed by:teresa mueller
Office:the mueller group llc.
MLS#:2525661
Source:RV

Price summary

  • Price:$2,200,000
  • Price per sq. ft.:$265.19

About this home

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 and electric, sprinkler system, fire alarm monitoring, double-paned windows, in-unit laundry, and a newer roof (85% metal, 15% membrane). The property is fully leased and generates a monthly income of $14,375 and has been owned for 23 years with 100% occupancy. Notably, Unit 5 offers 1,516 sq. ft. with 3 bedrooms/2 baths ($2,505/mo) and Unit 6 offers 1,482 sq. ft. with 4 bedrooms/2 baths ($2,740/mo). With no rent increases this year, there is strong upside potential for rent growth. Don't miss out on this rare opportunity to acquire a turn-key, cash-flowing asset in one of Richmond's most

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1900
  • Listing ID #:2525661
  • Added:51 day(s) ago
  • Updated:November 02, 2025 at 03:31 PM

Rooms and interior

  • Living area:8,296 sq. ft.

Structure and exterior

  • Roof:Metal
  • Year built:1900
  • Building area:8,296 sq. ft.
  • Lot area:0.11 Acres

Schools

  • High school:Thomas Jefferson
  • Middle school:Dogwood
  • Elementary school:Fox

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,200,000
  • Price per sq. ft.:$265.19
  • Tax amount:$14,712 (2025)
MLS LogoThe information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. All information provided is deemed reliable but is not guaranteed accurate.The multiple listing information is provided by Central Virginia Regional Multiple Listing Service, LLC from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

New listings near 1012 W Franklin Street