Discover a rare chance to acquire a stabilized, income-producing multifamily asset in one of Richmond's fastest-growing urban neighborhoods. 601 Stockton Street is a 12-unit apartment community located in the heart of Manchester, a district known for robust redevelopment, walkability, and strong rental demand. Property Highlights "¢ 12 Total Units - Well-maintained, consistently leased apartment community "¢ 18 Off-Street Parking Spaces - A rare and highly desirable amenity in an urban neighborhood "¢ Prime Manchester Location - Walkable to Hull Street's growing lineup of restaurants, breweries, retail, and new mixed-use development "¢ Strong Rental Demand - Manchester continues to see rising rents and high occupancy "¢ Turnkey Investment - Immediate cash flow with future value-add opportunities "¢ Condo Conversion Potential - Property layout and parking availability present an attractive opportunity for future condominium sell-off "¢ Urban Convenience - Minutes to Downtown Richmond, the James River Park System, and major employment centers "¢ Excellent Access - Close proximity to I-95, the Downtown Expressway, and public transit Investment Summary 601 Stockton Street gives investors the rare chance to control a well-located, manageable multifamily asset with multiple strategic exit options. With strong in-place performance, 18 dedicated parking spaces, and potential for future condo conversion, the property is positioned to capture both immediate income and long-term appreciation as the Manchester neighborhood continues to evolve.
| Last Updated | 12/16/2025 | Year Built | 1910 |
|---|---|---|---|
| Community | 60 - Richmond | County | Richmond City |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 60 - Richmond |
| CONSTRUCTION | Brick |
| INTERIOR | Elevators, MultiTenant |
| LOT | 0.47 acre(s) |
| LOT DESCRIPTION | Level |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Garden Home |
| WATER | Public |
| ZONING | B7 |
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Last Updated: 12/17/25 10:11 PM PST
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