1012 W Franklin Street, Richmond, VA 23220

Local realty services provided by:Better Homes and Gardens Real Estate Native American Group
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

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Home facts

  • Year built:1900
  • Listing ID #:2525661
  • Added:4 day(s) ago
  • Updated:September 16, 2025 at 04:56 AM

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)
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