2000 Lamb Ave, Richmond, VA 23222

• 5,692 sqft

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.

Listing Status:

Active

Data Last Updated:

February 16, 2026 at 1:16PM

Listing Office:

One South Commercial LLC : (804) 266-8831

Listing Agent:

Justin Sledd : (804) 307-4060

MLS ID:

2602856

Exterior

• Style: Two Story

Construction

• Roofing: Built-Up
• General: BrickBlock2

Location

• Originating MLS: CVR
• County: Richmond City

Lot

• Zoning: BARTON HGTS L4PT5 BB 0089.15X0117.50 0000.000N000-0409-003

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: CVR
• Ownership: IndividualsSole Proprietor