2115 Phaup Street, Richmond, VA 23223
Local realty services provided by:ERA Woody Hogg & Assoc.
2115 Phaup Street,Richmond, VA 23223
$989,000
- - Beds
- - Baths
- 6,448 sq. ft.
- Multi-family
- Active
Listed by: sean gould
Office: hometown realty
MLS#:2614044
Source:RV
Price summary
- Price:$989,000
- Price per sq. ft.:$153.38
About this home
Outstanding opportunity to acquire a 9-unit multifamily asset at 2115 Phaup Street in Richmond, Virginia. This two-story brick apartment building offers a practical and consistent unit mix with nine (9) 2-bedroom, 1-bath residences, each approximately 700 square feet, for a total building size of approximately 6,448 square feet on a 0.27-acre parcel. The property features a NEWER roof, NEW exterior access, durable brick construction, multiple unit entrances, and functional interior layouts that support long-term rental operations. The property offers a courtyard-style exterior, low-maintenance brick façade, and bright interior spaces. Select units feature hardwood or plank-style flooring, white kitchen cabinetry, electric range appliances, and neutral wall colors. The interiors provide simple, efficient layouts that allow for continued rental use while also presenting potential for future cosmetic updates or operational improvements. Tenants are responsible for heat and electric, while the landlord pays for water and trash removal. The property also offers some off-street parking, along with convenient access to nearby public transportation and Interstate 64. All units are tenant occupied with a strong rent roll. Recent improvements and area growth suggest potential upside through lease-up, rent optimization, or future improvements, subject to market conditions and applicable lease terms. With a consistent tenant base, low maintenance, and strong rental income this apartment building presents a compelling opportunity for investors seeking a multifamily property in the Richmond market. Reach out today!...
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Home facts
- Year built:1950
- Listing ID #:2614044
- Added:1 day(s) ago
- Updated:May 25, 2026 at 10:32 AM
Rooms and interior
- Basement:Yes
- Basement Description:Crawl Space
- Living area:6,448 sq. ft.
Structure and exterior
- Year built:1950
- Building area:6,448 sq. ft.
- Lot area:0.27 Acres
- Architectural Style:Two Story
- Construction Materials:Brick, Drywall
- Levels:Two, Two Story
Schools
- High school:Armstrong
- Middle school:Martin Luther King Jr.
- Elementary school:Fairfield
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$989,000
- Price per sq. ft.:$153.38
- Tax amount:$7,332 (2025)
Features and amenities
- Appliances:Electric Water Heater
Parking
- Parking description:Off Street, On Street
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