USAVARichmond2115 Phaup St
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$989,000

For Sale

2 hours ago

2115 Phaup St, Richmond, VA

House

MLS® 2614044

0 Bed

0 Bath

6448 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 6448 sqft
Garage 
Taxes $7,332
Days Active 0
Lot Size 
Approx. Age 1950
Avg. Price Per Sqft $153
MLS® Number 2614044

Property Address: 2115 Phaup St, Richmond, VA, 23223-4082

Average square foot calculated using Size range provided by listing agent.

Description

Outstanding opportunity to acquire a 9-unit multifamily asset at 2115 Phaup Street in Richmond, Virginia. This two-story brick apartment building offers a practical and consistent unit mix with nine (9) 2-bedroom, 1-bath residences, each approximately 700 square feet, for a total building size of approximately 6, 448 square feet on a 0.27-acre parcel. The property features a NEWER roof, NEW exterior access, durable brick construction, multiple unit entrances, and functional interior layouts that support long-term rental operations. The property offers a courtyard-style exterior, low-maintenance brick façade, and bright interior spaces. Select units feature hardwood or plank-style flooring, white kitchen cabinetry, electric range appliances, and neutral wall colors. The interiors provide simple, efficient layouts that allow for continued rental use while also presenting potential for future cosmetic updates or operational improvements. Tenants are responsible for heat and electric, while the landlord pays for water and trash removal. The property also offers some off-street parking, along with convenient access to nearby public transportation and Interstate 64. All units are tenant occupied with a strong rent roll. Recent improvements and area growth suggest potential upside through lease-up, rent optimization, or future improvements, subject to market conditions and applicable lease terms. With a consistent tenant base, low maintenance, and strong rental income this apartment building presents a compelling opportunity for investors seeking a multifamily property in the Richmond market. Reach out today!
MLS® Number2614044
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1950
BasementCrawl Space
DrivewayOff Street, On Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 25, 2026List Date
$989,000List Price
Feb 13, 2024End Date
$810,000Sold Price

Sold

Jul 15, 2024List Date
$875,000List Price
  • Commute

Commute

Starting Address
Destination Address
2115 Phaup St, Richmond, VA

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