2115 Phaup Street, Richmond, VA 23223

Richmond
Local realty services provided by:Better Homes and Gardens Real Estate Base Camp
2115 Phaup Street,Richmond, VA 23223
$989,000
  • - Beds
  • - Baths
  • 6,448 sq. ft.
  • Multi-family
  • Pending
Listed by: sean gould
Office: hometown realty
MLS#:2614044
Source:RV

Price summary

  • Price:$989,000
  • Price per sq. ft.:$153.38

About this home

Outstanding opportunity to acquire an investor friendly 9-unit multifamily asset with stabilized rental income and an appraisal-supported cap rate of approximately 8.5% and current seller-provided operating figures close to a 9.5% cap rate. With average rent at $1200 per unit this investment opportunity is strong and reliable. The two-story brick apartment building offers a practical and consistent unit mix with nine (9) 2-bedroom, 1-bath residences, each approximately 700 square feet, for a total building size of approximately 6,448 square feet on a 0.27-acre parcel. The property features a NEWER roof, NEW exterior access, durable brick construction, multiple unit entrances, and functional interior layouts that support long-term rental operations. The property offers a courtyard-style exterior, low-maintenance brick façade, and bright interior spaces. Select units feature hardwood or plank-style flooring, white kitchen cabinetry, electric range appliances, and neutral wall colors....

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1950
  • Subdivision & Development:Woodville
  • Listing ID #:2614044
  • Added:93 day(s) ago
  • Updated:August 26, 2026 at 08:14 AM

Rooms and interior

  • Basement:Yes
  • Basement Description:Crawl Space
  • Living area:6,448 sq. ft.

Structure and exterior

  • Year built:1950
  • Building area:6,448 sq. ft.
  • Lot area:0.27 Acres
  • Architectural Style:Two Story
  • Construction Materials:Brick, Drywall
  • Levels:Two, Two Story

Schools

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

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$989,000
  • Price per sq. ft.:$153.38
  • Tax amount:$7,332 (2025)

Features and amenities

  • Appliances:Electric Water Heater

Parking

  • Parking description:Off Street, On Street
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.

New listings near 2115 Phaup Street