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Textile Lofts at Plant Zero 601 Stockton St 12 Unit Apartment Building $2,200,000 ($183,333/Unit) Richmond, VA 23224
Investment Highlights
- Prime location in Manchester
- Potential for condo conversion with adjacency to a new townhome development
- Strong rents with opportunity for growth
- Ample off-street parking: 18 spaces
Executive Summary
Renovated Historic Building in Richmond’s HOT Manchester Neighborhood with 12-Units and Off-Street Parking!
Discover a rare chance to acquire a stabilized, income-producing multifamily asset in one of Richmond’s fastest-growing urban neighborhoods. 601 Stockton Street is a 12-unit apartment community located in the heart of Manchester, a district known for robust redevelopment, walkability, and strong rental demand.
Property Highlights
• 12 Total Units – Well-maintained, consistently leased apartment community
• 18 Off-Street Parking Spaces – A rare and highly desirable amenity in an urban neighborhood
• Prime Manchester Location – Walkable to Hull Street’s growing lineup of restaurants, breweries, retail, and new mixed-use development
• Strong Rental Demand – Manchester continues to see rising rents and high occupancy
• Turnkey Investment – Immediate cash flow with future value-add opportunities
• Condo Conversion Potential – Property layout and parking availability present an attractive opportunity for future condominium sell-off
• Urban Convenience – Minutes to Downtown Richmond, the James River Park System, and major employment centers
• Excellent Access – Close proximity to I-95, the Downtown Expressway, and public transit
Investment Summary
601 Stockton Street gives investors the rare chance to control a well-located, manageable multifamily asset with multiple strategic exit options. With strong in-place performance, 18 dedicated parking spaces, and potential for future condo conversion, the property is positioned to capture both immediate income and long-term appreciation as the Manchester neighborhood continues to evolve.
Discover a rare chance to acquire a stabilized, income-producing multifamily asset in one of Richmond’s fastest-growing urban neighborhoods. 601 Stockton Street is a 12-unit apartment community located in the heart of Manchester, a district known for robust redevelopment, walkability, and strong rental demand.
Property Highlights
• 12 Total Units – Well-maintained, consistently leased apartment community
• 18 Off-Street Parking Spaces – A rare and highly desirable amenity in an urban neighborhood
• Prime Manchester Location – Walkable to Hull Street’s growing lineup of restaurants, breweries, retail, and new mixed-use development
• Strong Rental Demand – Manchester continues to see rising rents and high occupancy
• Turnkey Investment – Immediate cash flow with future value-add opportunities
• Condo Conversion Potential – Property layout and parking availability present an attractive opportunity for future condominium sell-off
• Urban Convenience – Minutes to Downtown Richmond, the James River Park System, and major employment centers
• Excellent Access – Close proximity to I-95, the Downtown Expressway, and public transit
Investment Summary
601 Stockton Street gives investors the rare chance to control a well-located, manageable multifamily asset with multiple strategic exit options. With strong in-place performance, 18 dedicated parking spaces, and potential for future condo conversion, the property is positioned to capture both immediate income and long-term appreciation as the Manchester neighborhood continues to evolve.
Data Room Click Here to Access
Property Facts Under Contract
| Price | $2,200,000 | Lot Size | 0.47 AC |
| Price Per Unit | $183,333 | Building Size | 10,152 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2015 |
| Property Subtype | Apartment | Parking Ratio | 1.77/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | B-7 | ||
| Price | $2,200,000 |
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.47 AC |
| Building Size | 10,152 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1910/2015 |
| Parking Ratio | 1.77/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B-7 |
Amenities
Unit Amenities
- Washer/Dryer
- Hardwood Floors
- Satellite TV
- Stainless Steel Appliances
- Views
- Wi-Fi
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Clubhouse
- Fitness Center
- Tenant Controlled HVAC
- Grill
- Pet Play Area
- Maintenance on site
- Smoke Detector
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Property Taxes
| Parcel Number | S000-0110-011 | Improvements Assessment | $1,864,000 |
| Land Assessment | $304,000 | Total Assessment | $2,168,000 |
Property Taxes
Parcel Number
S000-0110-011
Land Assessment
$304,000
Improvements Assessment
$1,864,000
Total Assessment
$2,168,000
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Textile Lofts at Plant Zero | 601 Stockton St
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