$599,000

3425 W Franklin St, Richmond, VA 23221

  • 1,906 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1951
  • Property Lot Size Icon8,398sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $314/sqft
  • Property List Date Icon Listed 18 days ago

Property Description

Outstanding all-brick duplex in the heart of the coveted Museum District! This well-maintained property sits proudly on a large corner lot and offers an exceptional opportunity for both owner-occupants and savvy investors. The building is fully rented with amazing long-term tenants who would love to stay, providing immediate stability and strong cash flow. Each spacious apartment features 2 bedrooms and 1 full bath, separate utilities, and a consistent rental history—currently renting for approximately $1,500 per month per unit. With solid income and separate metering, the property cash flows with a conventional mortgage at today’s rates and list price, making it a rare turnkey investment in one of Richmond’s most desirable, walkable neighborhoods. All-brick construction, classic charm, and unbeatable proximity to museums, restaurants, Carytown, breweries, parks, and major commuter routes ensure ongoing tenant demand. Whether you’re expanding your portfolio or looking to live in one unit while renting the other, this duplex offers the perfect blend of stability, location, and long-term upside. Don’t miss this incredible Museum District opportunity!

Listing Status:
Pending
Listing Office:
The Steele Group : (804) 282-3136
Listing Agent:
Katherine Hawks : (804) 350-2471
MLS ID:
2531089
  • Basement: Crawl Space
  • General: Out Building(s)Outbuilding
  • Style: ColonialTwo Story
  • Other Structures: Outbuilding
  • Parking: Off StreetOn Street
  • General: BrickBlock2
  • Originating MLS: CVR
  • County: Richmond City
  • Zoning: 0060.00X0140.00 0000.193 ACW000-1620-006
  • Fencing: None
  • Water: Public
  • Sewer: Public Sewer
  • Source: CVR
  • Ownership: CorporateCorporation

This listing courtesy of Katherine Hawks, The Steele Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

William Fox Elementary School

2300 Hanover Ave, Richmond, VA, 23220

Grades KG-5

0.99 miles away

A

Albert Hill Middle School

3400 Patterson Ave, Richmond, VA, 23221

Grades 6-8

0.12 miles away

T

Thomas Jefferson High School

4100 W Grace St, Richmond, VA, 23230

Grades 9-12

0.57 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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