Log In/Sign Up
Your email has been sent.
1422 Bainbridge St
Richmond, VA 23224
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Oversized Units
- Off street parking
- Tons of natural light
Executive Summary
CBRE is pleased to present 1421 & 1422 Bainbridge Street, a premier residential portfolio developed in 2024 and located in the high-growth Manchester submarket of Richmond, VA. This fully-stabilized asset offers a rare combination of modern, high-quality construction and immediate cash flow, boasting a 100% occupancy rate. The portfolio represents a “turn-key” investment with minimal near-term capital expenditure requirements, providing long-term durability in one of the country’s strongest secondary rental markets.
The opportunity provides instant scale in Richmond’s most active urban revitalization corridor, Manchester. Surrounded by a wave of stylish historic adaptive reuse and hip new-construction multifamily projects, these properties benefit from the submarkets maturation of increasing density and rising land values. The portfolio’s strategic location offers residents a highly walkable lifestyle with direct proximity to Old Towne Manchester, major downtown employment centers, and the scenic James River. This connectivity ensures a diverse tenant pool and strong retention in a submarket defined by its vibrant energy and urban appeal.
Manchester serves as a primary engine for Richmond’s urban growth, attracting a diverse demographic of Millennials and Generation Z who prioritize transit-oriented, amenity-rich living. As the neighborhood continues to evolve with expanding retail, dining, and professional services, 1421–1422 Bainbridge Street stands as a cornerstone asset within this proven growth corridor. By combining stable in-place income with the long-term appreciation potential of the Richmond MSA, this portfolio offers a sophisticated investment vehicle for buyers seeking to capitalize on the ongoing urban densification of the Mid-Atlantic.
The opportunity provides instant scale in Richmond’s most active urban revitalization corridor, Manchester. Surrounded by a wave of stylish historic adaptive reuse and hip new-construction multifamily projects, these properties benefit from the submarkets maturation of increasing density and rising land values. The portfolio’s strategic location offers residents a highly walkable lifestyle with direct proximity to Old Towne Manchester, major downtown employment centers, and the scenic James River. This connectivity ensures a diverse tenant pool and strong retention in a submarket defined by its vibrant energy and urban appeal.
Manchester serves as a primary engine for Richmond’s urban growth, attracting a diverse demographic of Millennials and Generation Z who prioritize transit-oriented, amenity-rich living. As the neighborhood continues to evolve with expanding retail, dining, and professional services, 1421–1422 Bainbridge Street stands as a cornerstone asset within this proven growth corridor. By combining stable in-place income with the long-term appreciation potential of the Richmond MSA, this portfolio offers a sophisticated investment vehicle for buyers seeking to capitalize on the ongoing urban densification of the Mid-Atlantic.
Property Facts
| Sale Type | Investment | Building Size | 5,400 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2024 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 0.11 AC | ||
| Zoning | R-63 MULTI | ||
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 5,400 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Opportunity Zone |
Yes |
| Zoning | R-63 MULTI |
Property Taxes
| Parcel Number | S000-0153-004 | Improvements Assessment | $918,000 |
| Land Assessment | $108,000 | Total Assessment | $1,026,000 |
Property Taxes
Parcel Number
S000-0153-004
Land Assessment
$108,000
Improvements Assessment
$918,000
Total Assessment
$1,026,000
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
