Virginia
Richmond
618 N 32nd St

$1,050,000

618 N 32nd St, Richmond, VA 23223

2,700 sqft

Multi-Family Home
Built in 1925
2,753sqft lot
—— car garage
$389/sqft
Listed 5 days ago

Property Description

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!

Listing Status:: Pending
Listing Office:: EXP Realty LLC : (804) 729-5188
Listing Agent:: Corey Chandler : (804) 807-2686
MLS ID:: 2525892

This listing courtesy of Corey Chandler, EXP Realty LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Chimborazo Elementary School

3000 E Marshall St, Richmond, VA, 23223

Grades PK-5

0.22 miles away

Franklin Military Academy

701 N 37th St, Richmond, VA, 23223

Grades 6-12

0.36 miles away

Armstrong High School

2300 Cool Ln, Richmond, VA, 23223

Grades 9-12

1.51 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.