618 N 32nd Street, Richmond, VA 23223

Local realty services provided by:Better Homes and Gardens Real Estate Native American Group
618 N 32nd Street,Richmond, VA 23223
$995,000
  • - Beds
  • - Baths
  • 2,700 sq. ft.
  • Multi-family
  • Active
Listed by: corey chandler
Office: exp realty llc.
MLS#:2530529
Source:RV

Price summary

  • Price:$995,000
  • Price per sq. ft.:$368.52

About this home

Exceptional investment opportunity in Richmond offering $96,000 gross annual income and 9.2% CAP rate! This fully renovated 4-unit property is not only turnkey, but also delivers the highest rental rate per unit among all quadplex sales in the Downtown Richmond area. With long-term tenants in place and quality upgrades throughout, this asset offers immediate cash flow and minimal ongoing responsibilities. Each unit is on a 3-year lease generating a combined annual gross rent of $96,000—a strong return with no property management needed and virtually zero maintenance. Whether you're a seasoned investor or looking to enter the multifamily market, this property offers stability, performance, and peace of mind—all with top-tier rental income already secured. 620 N 32nd Also for sale with identical offering and prefered to sell together. Also offered with the sale is 3108 E Leigh St Rear for parking with the ability to add paid parking for neighboring tenants!

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Home facts

  • Year built:1925
  • Listing ID #:2530529
  • Added:46 day(s) ago
  • Updated:December 17, 2025 at 06:56 PM

Rooms and interior

  • Living area:2,700 sq. ft.

Structure and exterior

  • Roof:Flat, Slate
  • Year built:1925
  • Building area:2,700 sq. ft.
  • Lot area:0.06 Acres

Schools

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

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$995,000
  • Price per sq. ft.:$368.52
  • Tax amount:$5,712 (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.

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