4 S Auburn Avenue, Richmond, VA 23221
Local realty services provided by:ERA Woody Hogg & Assoc.
4 S Auburn Avenue,Richmond, VA 23221
$975,000
- - Beds
- - Baths
- 2,360 sq. ft.
- Multi-family
- Active
Listed by: justin sledd, thomas rosman
Office: one south commercial llc.
MLS#:2609555
Source:RV
Price summary
- Price:$975,000
- Price per sq. ft.:$413.14
About this home
This turnkey property offers investors and owner-occupants alike the rare opportunity to acquire a stabilized asset with modern upgrades, strong in-place income, and long-term upside. The property has undergone a comprehensive renovation, featuring new kitchens with stainless steel appliances, updated bathrooms, new LVP flooring, and efficient mini-split heating and cooling systems throughout. Additional capital improvements include rebuilt front and rear porches, a new front stair entry, and fresh exterior paint, all contributing to the property’s strong curb appeal and long-term durability. Each unit is separately metered, allowing for streamlined operations and reduced landlord expenses. All units are currently leased at $1,499 per month, demonstrating the property’s strong rental performance and positioning within the market. Unit A has been intentionally left vacant to accommodate showings, while also presenting an ideal opportunity for an owner-occupant to offset housing costs with rental income. Located just steps from Carytown’s premier retail and dining corridor, the property benefits from exceptional walkability to restaurants, coffee shops, boutiques, and everyday conveniences. This highly desirable location continues to drive consistent tenant demand, making 4 S Auburn Avenue a compelling investment in one of Richmond’s most resilient rental submarkets.
Investment Highlights
• Fully renovated multifamily property in the heart of Carytown
• All units leased at $1,499/month (Unit A vacant for showings)
• Ideal investment or owner-occupant opportunity
• Separately metered utilities for all units
• Strong in-place income with proven rental demand
• Located in one of Richmond’s most walkable and desirable neighborhoods
Financial Overview
• Gross Rental Income: $72,000 annually
• Real Estate Taxes: $6,240 annually
• Insurance: $2,340 annually
• Utilities: Separately Metered - Tenant Expense...
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Home facts
- Year built:1913
- Listing ID #:2609555
- Added:14 day(s) ago
- Updated:April 29, 2026 at 02:21 PM
Rooms and interior
- Basement:Yes
- Basement Description:Crawl Space
- Living area:2,360 sq. ft.
Structure and exterior
- Roof:Built-Up
- Year built:1913
- Building area:2,360 sq. ft.
- Lot area:0.06 Acres
- Architectural Style:Two Story
- Construction Materials:Block, Brick
- Levels:Two, Two Story
Schools
- High school:Thomas Jefferson
- Middle school:Albert Hill
- Elementary school:Lois-Harrison Jones
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$975,000
- Price per sq. ft.:$413.14
- Tax amount:$5,748 (2025)
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