1012 W Franklin Street, Richmond, VA 23220
Local realty services provided by:ERA Real Estate Professionals
1012 W Franklin Street,Richmond, VA 23220
$2,100,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: teresa mueller
Office: the mueller group llc.
MLS#:2525661
Source:RV
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Price summary
- Price:$2,100,000
About this home
1012 W. Franklin St is one of Richmond’s most iconic Greystone/Granite buildings, ideally located in the popular Fan District just steps from VCU. This 8,298 sq. ft. property features SIX units, 18 bedrooms, 12 baths, plus 2 off-street parking spaces and a rear garage currently used as a workshop. The building has been fully renovated with modern systems: central air/heat pumps, updated plumbing and electric, sprinkler system, fire alarm monitoring, double-paned windows, in-unit laundry, and a newer roof (85% metal, 15% membrane). The property is fully leased and generates a monthly income of $14,375 and has been owned for 23 years with 100% occupancy. Notably, Unit 5 offers 1,516 sq. ft. with 3 bedrooms/2 baths ($2,505/mo) and Unit 6 offers 1,482 sq. ft. with 4 bedrooms/2 baths ($2,740/mo). With no rent increases this year, there is strong upside potential for rent growth. Don't miss out on this rare opportunity to acquire a turn-key, cash-flowing asset in one of Richmond's most desirable neighborhoods conveniently located steps to all of the amenities the Fan has to offer....
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Home facts
- Year built:1900
- Listing ID #:2525661
- Added:204 day(s) ago
- Updated:April 04, 2026 at 06:35 AM
Rooms and interior
- Basement:Yes
- Basement Description:Finished, Full
Structure and exterior
- Roof:Metal
- Year built:1900
- Lot Features:Level
- Architectural Style:Tri Level
- Construction Materials:Brick, Drywall, Stone
- Exterior Features:Deck, Front Porch, Rear Porch
- Levels:Multi/Split, Three Or More, Tri Level
Schools
- High school:Thomas Jefferson
- Middle school:Dogwood
- Elementary school:Fox
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,100,000
- Tax amount:$14,712 (2025)
Features and amenities
- Appliances:Electric Water Heater
- Amenities:Ceiling Fans, High Ceilings, Leaded Glass, Skylights
Parking
- Parking description:Detached, Garage, Off Street
- Garage:Yes
- Garage spaces:1
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