4 S Auburn AVE, Richmond, VA 23221
4 S Auburn AVE, Richmond, VA 23221
4 S Auburn AVE, Richmond, VA 23221
4 S Auburn AVE, Richmond, VA 23221
4 S Auburn AVE, Richmond, VA 23221
4 S Auburn AVE, Richmond, VA 23221
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Amy Beem

Amy Beem

+1(804) 516-1007
$ 975,000
Est. payment | /mo

2,360 SqFt

Save
$ 975,000
Est. payment | /mo
Save

2,360 SqFt

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

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

Central Virginia Regional MLS (CVR MLS)
Listed by One South Commercial LLC

Nearby Locations

Amy Beem

"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

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4 S Auburn AVE