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The Edgar at Linden Row 114 E Franklin St 11 Unit Apartment Building For Sale Richmond, VA 23219
Investment Highlights
- Historic boutique property featuring 11 apartment units within Richmond’s iconic Linden Row
- Positioned in Monroe Ward within walking distance of dining, retail, and cultural attractions
- Turn-key configuration combining heritage charm with modern functionality
- Architecturally significant three-story building with private courtyard setting
- Investment-ready asset offering stable returns and adaptive potential for premium rentals
Executive Summary
The Edgar at Linden Row offers a rare acquisition opportunity within Richmond’s Monroe Ward district, featuring an architecturally rich 19th-century setting. This boutique multifamily property showcases 11 fully configured apartment units encapsulated in a historically significant three-story building. With a design that blends heritage character with modern livability, the property provides investors with both cachet and functionality.
The property benefits from its placement in the Linden Row historic enclave—an area synonymous with Richmond’s cultural legacy and enduring appeal. Residents enjoy a private courtyard oasis amid an urban core, while remaining steps away from Broad Street restaurants, boutique retail, and the city’s vibrant arts scene. Its B-4 zoning supports continued multifamily use, while the building’s unique scale and configuration accommodate potential repositioning for furnished rentals or executive housing models.
With stable market fundamentals in Richmond’s downtown and proximity to the state capital’s key employers, this asset presents an opportunity for sustainable income growth and appreciation potential within a highly desirable submarket.
The property benefits from its placement in the Linden Row historic enclave—an area synonymous with Richmond’s cultural legacy and enduring appeal. Residents enjoy a private courtyard oasis amid an urban core, while remaining steps away from Broad Street restaurants, boutique retail, and the city’s vibrant arts scene. Its B-4 zoning supports continued multifamily use, while the building’s unique scale and configuration accommodate potential repositioning for furnished rentals or executive housing models.
With stable market fundamentals in Richmond’s downtown and proximity to the state capital’s key employers, this asset presents an opportunity for sustainable income growth and appreciation potential within a highly desirable submarket.
Property Facts
| Sale Type | Investment | Lot Size | 0.09 AC |
| No. Units | 11 | Building Size | 11,000 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1847 |
| Building Class | B | ||
| Zoning | B-4 | ||
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 11,000 SF |
| No. Stories | 3 |
| Year Built | 1847 |
| Zoning | B-4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 380 - 462 |
| 1+1 | 5 | - | 736 - 766 |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | W000-0063-017 | Improvements Assessment | $1,123,000 |
| Land Assessment | $244,000 | Total Assessment | $1,367,000 |
Property Taxes
Parcel Number
W000-0063-017
Land Assessment
$244,000
Improvements Assessment
$1,123,000
Total Assessment
$1,367,000
Contacts
-
Jamie Galanti, CCIM, SIOR -
Tucker Dowdy, SIOR -
Sam Edwards -
Commonwealth Commercial Partners
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The Edgar at Linden Row | 114 E Franklin St
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