Charming Historic Brick Quadplex 2203 W Cary St 4 Unit Apartment Building $1,095,000 ($273,750/Unit) Richmond, VA 23220
INVESTMENT HIGHLIGHTS
- 100% occupied
- Two (2) 1-bedroom apartments & two (2) 2-bedroom apartments
- 3,000 SF
- Prime location
EXECUTIVE SUMMARY
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!
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PROPERTY FACTS
| Price | $1,095,000 |
| Price Per Unit | $273,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.08 AC |
| Building Size | 3,000 SF |
| No. Stories | 2 |
| Year Built | 1910 |
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Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | W000-0992-011 | Improvements Assessment | $690,000 |
| Land Assessment | $300,000 | Total Assessment | $990,000 |
ZONING
| Zoning Code | R-63 |
