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Value Add Quadplex 1 & 3 South Vine Street 4 Unit Apartment Building $815,000 ($203,750/Unit) Richmond, VA 23220

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INVESTMENT HIGHLIGHTS

  • Four (4) units - two (2) parcels
  • Off street parking
  • Sold as-is
  • 2 BD / 1 BA layouts
  • Value add potential

EXECUTIVE SUMMARY

1 and 3 S Vine Street, two side by side duplexes located in the heart of Richmond's Fan Neighborhood just blocks away from VCU and many neighborhood restaurants and shops. The units consist of 2 bedrooms and 1 bathroom with open concept kitchen and living spaces. Additionally, tenants can enjoy off-street parking and outdoor balcony space. Currently, two units are occupied with the other two ready for value-add improvements that will allow the next owner to maximize the location and obtain top market rents between $1700-$1750 per month per unit. Do not miss the opportunity to redefine this quadplex property in one of Richmond's most prime historic neighborhoods.
Property is sold AS-IS.

PROPERTY FACTS Under Contract

Price $815,000
Price Per Unit $203,750
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.08 AC
Building Size 2,812 SF
No. Stories 2
Year Built 1900
Zoning B-7

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 4 - -
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 38267221

  • Date on Market: 10/30/2025

  • Last Updated:

  • Address: 1 & 3 South Vine Street, Richmond, VA 23220

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