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$ 975,000
Est. payment /mo
New
4 S Auburn AVE Richmond, VA 23221
2,360 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,360 sqft
Price per Sqft $413
MLS Listing ID 2609555
Style Two Story
Construction Status Approximate
HOA Y/N No
Year Built 1913
Annual Tax Amount $5,748
Tax Year 2025
Lot Size 2,700 Sqft
Acres 0.062
Property Sub-Type Quadruplex
Property Description
This turnkey property offers investors and owner-occupants alike the rare opportunity to acquire a stabilized asset with modern upgrades, strong in-place income, and long-term upside. The property has undergone a comprehensive renovation, featuring new kitchens with stainless steel appliances, updated bathrooms, new LVP flooring, and efficient mini-split heating and cooling systems throughout. Additional capital improvements include rebuilt front and rear porches, a new front stair entry, and fresh exterior paint, all contributing to the property's strong curb appeal and long-term durability. Each unit is separately metered, allowing for streamlined operations and reduced landlord expenses. All units are currently leased at $1,499 per month, demonstrating the property's strong rental performance and positioning within the market. Unit A has been intentionally left vacant to accommodate showings, while also presenting an ideal opportunity for an owner-occupant to offset housing costs with rental income. Located just steps from Carytown's premier retail and dining corridor, the property benefits from exceptional walkability to restaurants, coffee shops, boutiques, and everyday conveniences. This highly desirable location continues to drive consistent tenant demand, making 4 S Auburn Avenue a compelling investment in one of Richmond's most resilient rental submarkets.
Investment Highlights
• Fully renovated multifamily property in the heart of Carytown
• All units leased at $1,499/month (Unit A vacant for showings)
• Ideal investment or owner-occupant opportunity
• Separately metered utilities for all units
• Strong in-place income with proven rental demand
• Located in one of Richmond's most walkable and desirable neighborhoods
Financial Overview
• Gross Rental Income: $72,000 annually
• Real Estate Taxes: $6,240 annually
• Insurance: $2,340 annually
• Utilities: Separately Metered - Tenant Expense
Investment Highlights
• Fully renovated multifamily property in the heart of Carytown
• All units leased at $1,499/month (Unit A vacant for showings)
• Ideal investment or owner-occupant opportunity
• Separately metered utilities for all units
• Strong in-place income with proven rental demand
• Located in one of Richmond's most walkable and desirable neighborhoods
Financial Overview
• Gross Rental Income: $72,000 annually
• Real Estate Taxes: $6,240 annually
• Insurance: $2,340 annually
• Utilities: Separately Metered - Tenant Expense
Location
State VA
County Richmond City
Area 10 - Richmond
Rooms
Basement Crawl Space
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 Lois-Harrison Jones
Middle Schools Albert Hill
High Schools Thomas Jefferson
Others
Tax ID W000-1454-014
Ownership Individuals
Listed by One South Commercial LLC
Nearby Schools & Properties