2000 Lamb AVE, Richmond, VA 23222
See all 36 photos
2000 Lamb AVE, Richmond, VA 23222
2000 Lamb AVE, Richmond, VA 23222
2000 Lamb AVE, Richmond, VA 23222
2000 Lamb AVE, Richmond, VA 23222
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
Chris Jewell

Chris Jewell

+1(804) 937-2442
$ 1,275,000
Est. payment /mo
Save
Active

2000 Lamb AVE Richmond, VA 23222

5,692 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,692 sqft

Price per Sqft $223

Subdivision Barton Heights

MLS Listing ID 2602856

Style Two Story

Construction Status Approximate

HOA Y/N No

Year Built 1969

Annual Tax Amount $8,964

Tax Year 2025

Lot Size 10,476 Sqft

Acres 0.2405

Property Sub-Type Multi Family

Property Description

2000 Lamb Avenue presents a compelling opportunity to acquire a stabilized, value-add multifamily asset in an improving Richmond submarket. The property consists of eight (8) apartment units and has strong historical occupancy, offering immediate cash flow with upside remaining. Ownership has completed substantial capital improvements, including full renovations of six (6) of the eight units, exterior painting, window replacement as needed and paving of the rear parking lot, significantly reducing near-term capital expenditure needs. The renovated units feature modern finishes in the kitchen & bathroom and in-unit washer and dryers, a highly desirable amenity that supports strong tenant demand and retention. Despite the recent improvements, the property still offers a clear value-add opportunity through the renovation of the remaining two units. Additionally, current rents remain slightly below market, providing investors the ability to capture further upside through strategic rent growth as units turn and market conditions continue to strengthen. Located in an area of Richmond that continues to see reinvestment and neighborhood improvement, 2000 Lamb Avenue benefits from solid fundamentals, strong occupancy, and long-term appreciation potential. This asset is well suited for investors seeking a balance of stable income today with meaningful upside tomorrow.

Location

State VA

County Richmond City

Community Barton Heights

Area 30 - Richmond

Exterior

Roof Type Built-Up

Garage No

Building

Story 2

Sewer Public Sewer

Water Public

Architectural Style Two Story

Level or Stories Two

Structure Type Brick,Block

Construction Status Approximate

Schools

Elementary Schools Overby-Sheppard

Middle Schools Henderson

High Schools John Marshall

Others

Tax ID N000-0409-003

Ownership Individuals

Central Virginia Regional MLS (CVR MLS)
Listed by One South Commercial LLC

Nearby Schools & Properties

Let's go take a look!

2000 Lamb AVE

Chris Jewell

Chris Jewell

REALTOR®, SRES, SRS | License ID: 0225057639

+1(804) 937-2442

Learn More About This Home

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Chris Jewell, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.