2000 Lamb Avenue, Richmond, VA 23222

Richmond
Local realty services provided by:Better Homes and Gardens Real Estate Native American Group
2000 Lamb Avenue,Richmond, VA 23222
$1,195,000
  • - Beds
  • - Baths
  • 5,692 sq. ft.
  • Multi-family
  • Active
Listed by: justin sledd, thomas rosman
Office: one south commercial llc.
MLS#:2602856
Source:RV

Price summary

  • Price:$1,195,000
  • Price per sq. ft.:$209.94

About this home

2000 Lamb Avenue presents a compelling opportunity to acquire a stabilized, value-add multifamily asset in an improving Richmond submarket. The property consists of eight (8) apartment units and has strong historical occupancy, offering immediate cash flow with upside remaining. Ownership has completed substantial capital improvements, including full renovations of six (6) of the eight units, exterior painting, window replacement as needed and paving of the rear parking lot, significantly reducing near-term capital expenditure needs. The renovated units feature modern finishes in the kitchen & bathroom and in-unit washer and dryers, a highly desirable amenity that supports strong tenant demand and retention. Despite the recent improvements, the property still offers a clear value-add opportunity through the renovation of the remaining two units. Additionally, current rents remain slightly below market, providing investors the ability to capture further upside through strategic...

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Home facts

  • Year built:1969
  • Listing ID #:2602856
  • Added:94 day(s) ago
  • Updated:May 11, 2026 at 02:33 PM

Rooms and interior

  • Living area:5,692 sq. ft.

Structure and exterior

  • Roof:Built-Up
  • Year built:1969
  • Building area:5,692 sq. ft.
  • Lot area:0.24 Acres
  • Architectural Style:Two Story
  • Construction Materials:Block, Brick
  • Levels:Two, Two Story

Schools

  • High school:John Marshall
  • Middle school:Henderson
  • Elementary school:Overby-Sheppard

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,195,000
  • Price per sq. ft.:$209.94
  • Tax amount:$8,964 (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 © 2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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