Homes for sale - 1012 W Franklin ST, Richmond, VA 23220

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Amy Beem

amy@manorhouserva.com +1(804) 516-1007

$ 2,200,000

Est. payment | -/mo

8,296 SqFt

Save

$ 2,200,000

Est. payment | -/mo

Save

8,296 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 8,296 sqft

Price per Sqft $265

MLS Listing ID 2525661

Style Tri-Level

Construction Status Actual

HOA Y/N No

Year Built 1900

Annual Tax Amount $14,712

Tax Year 2025

Lot Size 4,599 Sqft

Acres 0.1056

Property Sub-Type Quadruplex

Property Description

1012 W. Franklin St is one of Richmond's most iconic Greystone/Granite buildings, ideally located in the popular Fan District just steps from VCU. This 8,298 sq. ft. property features SIX units, 18 bedrooms, 12 baths, plus 2 off-street parking spaces and a rear garage currently used as a workshop. The building has been fully renovated with modern systems: central air/heat pumps, updated plumbing and electric, sprinkler system, fire alarm monitoring, double-paned windows, in-unit laundry, and a newer roof (85% metal, 15% membrane). The property is fully leased and generates a monthly income of $14,375 and has been owned for 23 years with 100% occupancy. Notably, Unit 5 offers 1,516 sq. ft. with 3 bedrooms/2 baths ($2,505/mo) and Unit 6 offers 1,482 sq. ft. with 4 bedrooms/2 baths ($2,740/mo). With no rent increases this year, there is strong upside potential for rent growth. Don't miss out on this rare opportunity to acquire a turn-key, cash-flowing asset in one of Richmond's most desirable neighborhoods conveniently located steps to all of the amenities the Fan has to offer.

Location

State VA

County Richmond City

Area 10 - Richmond

Direction GPS

Rooms

Basement Full, Finished

Interior

Interior Features Ceiling Fan(s), High Ceilings, Skylights, Cable TV

Window Features Leaded Glass,Skylight(s)

Appliance Electric Water Heater

Exterior

Parking Features Detached

Garage Spaces 1.0

Fence None

Roof Type Metal

Porch Rear Porch, Deck, Front Porch

Garage Yes

Building

Lot Description Level

Story 4

Sewer Public Sewer

Water Public

Architectural Style Tri-Level

Level or Stories Three Or More, Multi/Split

Structure Type Brick,Drywall,Other,Stone

Construction Status Actual

Schools

Elementary Schools Fox

Middle Schools Dogwood

High Schools Thomas Jefferson

Others

Tax ID W000-0470-024

Ownership Individuals

Listed by The Mueller Group LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(804) 516-1007

amy@manorhouserva.com

2101 Libbie Lake East St. Suite 145, Richmond, VA, 23230

1012 W Franklin ST Richmond, VA 23220