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Investment Highlights

  • Trophy Class A+ Construction
  • Richmond's Top Submarket
  • Top-Rated School District
  • Proven Leasing Momentum
  • Exceptional Rent Growth Outlook
  • Affluent Demographic Base

Executive Summary

Bainbridge Midlothian offers the unique opportunity to acquire a newly delivered, institutional-quality multifamily community in one of Chesterfield County’s most desirable corridors. Completed in 2024 and currently 97% occupied, the property presents a blend of high-end construction quality, strong in-place occupancy, and meaningful upside potential through rent growth in an affluent and supply-constrained market.
This 310-unit Class A asset delivers expansive amenities and contemporary finishes designed to meet the modern renter’s lifestyle demands. Strategically located across the Midlothian Turnpike from the Wegmans-anchored Stonehenge Village and near premier retail destinations such as Westchester Commons and Chesterfield Towne Center, the property benefits from outstanding visibility and proximity to best-in-market amenities. Surrounding demographics include a well-educated, high-income population base, underpinning durable long-term demand and stability.
Residents enjoy access to luxury features including a resort-style saltwater pool, pickle-ball court, fitness center, game lounge, resident trails, and controlled-access indoor spaces with high-end finishes and smart-home technology. The asset’s location within a top-rated school district and direct accessibility to major employment centers across the Richmond metro area makes it a high-performing investment opportunity.

Property Facts

Sale Type Investment
No. Units 310
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class A
Lot Size 4.45 AC
Building Size 310,000 SF
Average Occupancy 97%
No. Stories 4
Year Built 2024
Zoning RMF - RES,

Amenities

Unit Amenities

  • Washer/Dryer
  • Kitchen
  • Oven
  • Stainless Steel Appliances
  • Walk-In Closets
  • Carpet
  • Island Kitchen
  • Pantry
  • Patio

Site Amenities

  • Business Center
  • Controlled Access
  • Clubhouse
  • Fitness Center
  • Pool
  • Smoke Free
  • Car Charging Station
  • Elevator
  • Maintenance on site
  • Pickleball Court

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 - 697
1+1 149 - 721 - 889
2+2 140 - 1,110 - 1,318
3+2 20 - 1,484 - 1,546
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
736-71-00-62-500-000
Land Assessment
$2,139,000
Improvements Assessment
$17,524,900
Total Assessment
$19,663,900
  • Listing ID: 41141209

  • Date on Market: 7/2/2026

  • Last Updated:

  • Address: 12400 Dutton Rd, Midlothian, VA 23113

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