LKV Realty
Logo
$1,050,000
$6,000Reward *
618 N 32nd Street, VA 23223Listing ID 2525892

618 N 32nd Street, VA 23223

Active
Time on site: 337 daysLast updated: Oct 8, 2025
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Quadruplex
Square Feet
Square Feet
2,700
Acres
Acres
0.06
Days on Site
Days on Site
313
Year Built
Year Built
1925
Stories
Stories
2
Parking
Parking
Alley Access, Parking Lot

Exceptional investment opportunity in Richmond offering $96,000 gross annual income! This fully renovated 4-unit property is not only turnkey, but also delivers the highest rental rate per unit among all quadplex sales in the Downtown Richmond area. With long-term tenants in place and quality upgrades throughout, this asset offers immediate cash flow and minimal ongoing responsibilities. Each unit is on a 3-year lease generating a combined annual gross rent of $96,000—a strong return with no property management needed and virtually zero maintenance. Whether you're a seasoned investor or looking to enter the multifamily market, this property offers stability, performance, and peace of mind—all with top-tier rental income already secured. 620 N 32nd Also for sale with identical offering and prefered to sell together. Also offered with the sale is 3108 E Leigh St Rear for parking with the ability to add paid parking for neighboring tenants!

Property Information

Property Details

Location

Address
618 N 32nd Street
County
Richmond City
Zip Code
23223
High School
Armstrong
Elementary School
Chimborazo
MLS Area
10 - Richmond

Interior Features

Other Rooms

Laundry Features
Washer Hookup

Building

Building Information

Square Feet
2,700
Year Built
1925
Stories
2
Construction
Brick, Drywall, Frame
Roof
Flat, Slate

Financial

Special Conditions
Corporate Listing

Property Taxes

Tax Annual Amount
$5,712
Tax Year
2025
EXP Realty, LLC, (804) 729-5188

Market Report for 23223

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: CVRMLS - Central Virginia Regional Multiple Listing Service
CVRMLS - Central Virginia Regional Multiple Listing Service logo

All or a portion of the Listing Content is provided by the Central Virginia Regional MLS, LLC, from a copyrighted compilation of Listings. All CVR MLS Listing Content provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2026 Central Virginia Regional MLS, LLC. All rights reserved.

For corrections to this data please contact Brytecore MLS Support.

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