2203 W Cary St - Apartments FOR SALE


Richmond, VA 23220
$1,150,000 USD
804-307-4060
2203 W Cary St, Richmond, VA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

2203 W Cary St
Richmond, VA 23220


HIGHLIGHTS

  • 100% occupied
  • 1,500 SF
  • Two (2) 1-bedroom apartments & two (2) 2-bedroom apartments
  • Prime location

OVERVIEW

One South Commercial is pleased to present 2201 W Cary Street, a charming historic brick quadplex in a prime Richmond location. This well-maintained property features two 1-bedroom apartments and two 2-bedroom apartments, all separately metered for utilities, ensuring residents cover their own costs. Steeped in character, the property boasts original hardwood floors, a spacious front porch, and timeless architectural details. Located in a highly desirable neighborhood, it offers significant rental upside potential, with current rents below market value—presenting an excellent opportunity for increased returns at lease renewal. Just a short walk to Carytown, Richmond’s premier boutique shopping district, and with easy access to public transportation, this property is perfectly positioned for both investors and future tenants. Don’t miss this outstanding investment opportunity in one of Richmond’s most sought-after areas!

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$767 USD /SF

# OF UNITS

4

PRICE/UNIT

$287,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Charming Historic Brick Quadplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

R-63

APN/PARCEL ID

W000-0992-011

ASK ABOUT THIS PROPERTY

Justin SleddOne South CommercialMore Info
804-307-4060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Justin SleddOne South CommercialMore Info
804-307-4060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.