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$2,300,000
17 Days On Site

1401 Coalter Street
Richmond, VA 23223

For Sale|Multi Family|Active
0
Beds
0
Total Baths
14,899
SqFt
$154
/SqFt
1967
Built
Subdivision:
Howards Grove
County:
Richmond City
Listing courtesy of Weichert Brockwell & Associate 8049194444
Call Now: 804-302-3000
Is this the listing for you? We can help make it yours.
804-302-3000
1401 Coalter Street1401 Coalter Street1401 Coalter Street1401 Coalter Street
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Investment Opportunity: 20-Unit Apartment Complex with Value-Add Potential. Discover this well-positioned 20-unit multifamily property, it provides solid mix of both long-term tenants, and newer short-term tenants with newer leases of $ 1250.00, providing both stable cash flow, and room for income growth. With a Mix that includes several partial vaulted ceilings, adding to the architectural appeal and tenant desirability. A healthy tenant mix ensures ongoing revenue, and immediate upside potential through modest renovations and rent adjustments. With ample parking of 20+ parking spaces available on site and surrounding the property for residents and guests. Opportunities for interior updates and exterior enhancements, positioning this property as a strong candidate for increased NOI and future appreciation. Located across from a property managed by the Richmond Redevelopment Housing Authority, which is very well maintained by the City of Richmond located in an area poised for continued growth, making this an excellent long-term investment with strong rental demand and growth. Whether you're an investor seeking steady returns or buying for potential upside, this asset offers a balanced blend of income, location, and opportunity.

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Listing Snapshot
Price 
$2,300,000
Days On Site 
17 Days
Bedrooms 
N/A
Inside Area (SqFt) 
14,899 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.5937 Acres
Year Built 
1967
MLS® Number 
2517698
Status 
Active
Property Tax 
$13,128
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing first seen on site
2 weeks agoListing updated with changes from the MLS®
General Features
Acres 
0.5937
Disclosures 
Seller Disclosure
Foundation 
Slab
Number Of Stories 
2
Parking 
Off StreetOn Street
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Stories 
Two
Style 
Two Story, Low Rise
Water Source 
Public
Zoning 
R-53
Interior Features
Appliances 
Electric Water HeaterGas Water Heater
Interior 
Cathedral Ceiling(s)
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Exterior Features
Construction Details 
FrameVinyl Siding
Fencing 
None
Lot Features 
Corner Lot
Roof 
Asphalt
View 
City
Waterview 
City
Community Features
MLS Area 
10 - Richmond
Schools
School District
Unknown
Elementary School
Woodville
Middle School
Martin Luther King Jr.
High School
Armstrong
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.



Last checked 2025-07-12 10:49 AM UTC.

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