3425 W Franklin Street, Richmond, VA 23221
Local realty services provided by:ERA Real Estate Professionals
3425 W Franklin Street,Richmond, VA 23221
$599,000
- - Beds
- - Baths
- 1,906 sq. ft.
- Multi-family
- Active
Listed by: katherine hawks
Office: the steele group
MLS#:2531089
Source:RV
Price summary
- Price:$599,000
- Price per sq. ft.:$314.27
About this home
Outstanding all-brick duplex in the heart of the coveted Museum District! This well-maintained property sits proudly on a large corner lot and offers an exceptional opportunity for both owner-occupants and savvy investors. The building is fully rented with amazing long-term tenants who would love to stay, providing immediate stability and strong cash flow.
Each spacious apartment features 2 bedrooms and 1 full bath, separate utilities, and a consistent rental history—currently renting for approximately $1,500 per month per unit. With solid income and separate metering, the property cash flows with a conventional mortgage at today’s rates and list price, making it a rare turnkey investment in one of Richmond’s most desirable, walkable neighborhoods.
All-brick construction, classic charm, and unbeatable proximity to museums, restaurants, Carytown, breweries, parks, and major commuter routes ensure ongoing tenant demand. Whether you’re expanding your portfolio or looking to live in one unit while renting the other, this duplex offers the perfect blend of stability, location, and long-term upside.
Don’t miss this incredible Museum District opportunity!
Contact an agent
Home facts
- Year built:1951
- Listing ID #:2531089
- Added:1 day(s) ago
- Updated:November 18, 2025 at 03:16 AM
Rooms and interior
- Living area:1,906 sq. ft.
Structure and exterior
- Year built:1951
- Building area:1,906 sq. ft.
- Lot area:0.19 Acres
Schools
- High school:Thomas Jefferson
- Middle school:Albert Hill
- Elementary school:Lois-Harrison Jones
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$599,000
- Price per sq. ft.:$314.27
- Tax amount:$6,468 (2025)
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