618 N 32nd Street, Richmond, VA 23223
Local realty services provided by:ERA Real Estate Professionals
618 N 32nd Street,Richmond, VA 23223
$1,050,000
- - Beds
- - Baths
- 2,700 sq. ft.
- Multi-family
- Active
Listed by:corey chandler
Office:exp realty llc.
MLS#:2525892
Source:RV
Price summary
- Price:$1,050,000
- Price per sq. ft.:$388.89
About this home
Exceptional investment opportunity in Richmond offering $96,000 gross annual income! This fully renovated 4-unit property is not only turnkey, but also delivers the highest rental rate per unit among all quadplex sales in the Downtown Richmond area. With long-term tenants in place and quality upgrades throughout, this asset offers immediate cash flow and minimal ongoing responsibilities.
Each unit is on a 3-year lease generating a combined annual gross rent of $96,000—a strong return with no property management needed and virtually zero maintenance. Whether you're a seasoned investor or looking to enter the multifamily market, this property offers stability, performance, and peace of mind—all with top-tier rental income already secured. 620 N 32nd Also for sale with identical offering and prefered to sell together. Also offered with the sale is 3108 E Leigh St Rear for parking with the ability to add paid parking for neighboring tenants!
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Home facts
- Year built:1925
- Listing ID #:2525892
- Added:44 day(s) ago
- Updated:October 21, 2025 at 02:47 PM
Rooms and interior
- Living area:2,700 sq. ft.
Structure and exterior
- Roof:Flat, Slate
- Year built:1925
- Building area:2,700 sq. ft.
- Lot area:0.06 Acres
Schools
- High school:Armstrong
- Middle school:Martin Luther King Jr.
- Elementary school:Chimborazo
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,050,000
- Price per sq. ft.:$388.89
- Tax amount:$5,712 (2025)
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