1401 Coalter Street, Richmond, VA 23223

Local realty services provided by:Better Homes and Gardens Real Estate Native American Group
#1#2#3
1401 Coalter Street,Richmond, VA 23223
$2,300,000
  • - Beds
  • - Baths
  • 14,899 sq. ft.
  • Multi-family
  • Active
Listed by:kenneth byers
Office:weichert brockwell & associate
MLS#:2517698
Source:RV

Price summary

  • Price:$2,300,000
  • Price per sq. ft.:$154.37

About this home

Investment Opportunity: 20-Unit Apartment Complex with Value-Add Potential. Discover this well-positioned 20-unit multifamily property, it provides solid mix of both long-term tenants, and newer short-term tenants with newer leases of $ 1250.00, providing both stable cash flow, and room for income growth. With a Mix that includes several partial vaulted ceilings, adding to the architectural appeal and tenant desirability. A healthy tenant mix ensures ongoing revenue, and immediate upside potential through modest renovations and rent adjustments. With ample parking of 20+ parking spaces available on site and surrounding the property for residents and guests. Opportunities for interior updates and exterior enhancements, positioning this property as a strong candidate for increased NOI and future appreciation. Located across from a property managed by the Richmond Redevelopment Housing Authority, which is very well maintained by the City of Richmond located in an area poised for

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Home facts

  • Year built:1967
  • Listing Id #:2517698
  • Added:50 day(s) ago
  • Updated:August 14, 2025 at 02:31 PM

Rooms and interior

  • Living area:14,899 sq. ft.

Structure and exterior

  • Roof:Asphalt
  • Year built:1967
  • Building area:14,899 sq. ft.
  • Lot area:0.59 Acres

Schools

  • High school:Armstrong
  • Middle school:Martin Luther King Jr.
  • Elementary school:Woodville

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,300,000
  • Price per sq. ft.:$154.37
  • Tax amount:$13,128 (2024)
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