620 N 32nd Street, Richmond, VA 23223

Local realty services provided by:Better Homes and Gardens Real Estate Base Camp
620 N 32nd Street,Richmond, VA 23223
$1,050,000
  • - Beds
  • - Baths
  • 2,700 sq. ft.
  • Multi-family
  • Pending
Listed by:corey chandler
Office:exp realty llc.
MLS#:2525788
Source:RV

Price summary

  • Price:$1,050,000
  • Price per sq. ft.:$388.89

About this home

Exceptional investment opportunity in Richmond offering $96,000 gross annual income! 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. 618 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 #:2525788
  • Added:2 day(s) ago
  • Updated:September 15, 2025 at 02:59 AM

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:$1,050,000
  • Price per sq. ft.:$388.89
  • Tax amount:$5,712 (2025)
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