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2000 Lamb Avenue, Richmond, VA 23222 (MLS # 2602856)
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2000 Lamb Avenue presents a compelling opportunity to acquire a stabilized, value-add multifamily asset in an improving Richmond submarket. The property consists of eight (8) apartment units and has strong historical occupancy, offering immediate cash flow with upside remaining. Ownership has completed substantial capital improvements, including full renovations of six (6) of the eight units, exterior painting, window replacement as needed and paving of the rear parking lot, significantly reducing near-term capital expenditure needs. The renovated units feature modern finishes in the kitchen & bathroom and in-unit washer and dryers, a highly desirable amenity that supports strong tenant demand and retention. Despite the recent improvements, the property still offers a clear value-add opportunity through the renovation of the remaining two units. Additionally, current rents remain slightly below market, providing investors the ability to capture further upside through strategic rent growth as units turn and market conditions continue to strengthen. Located in an area of Richmond that continues to see reinvestment and neighborhood improvement, 2000 Lamb Avenue benefits from solid fundamentals, strong occupancy, and long-term appreciation potential. This asset is well suited for investors seeking a balance of stable income today with meaningful upside tomorrow.
Property Type(s):
Multi Family
| Last Updated | 2/5/2026 | Tract | Barton Heights |
|---|---|---|---|
| Year Built | 1969 | Community | 30 - Richmond |
| County | Richmond City |
SCHOOLS
| Elementary School | Overby-Sheppard |
|---|---|
| Jr. High School | Henderson |
| High School | John Marshall |
Additional Details
| AREA | 30 - Richmond |
|---|---|
| CONSTRUCTION | Block, Brick |
| LOT | 10476 sq ft |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Two Story |
| SUBDIVISION | Barton Heights |
| TAXES | 8964 |
| WATER | Public |
| WATERFRONT | Yes |
| ZONING | R-53 |
Location
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Listed with One South Commercial LLC
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 CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing
Last Updated: 2/16/26 7:45 PM PST
This IDX solution is (c) Diverse Solutions 2026.
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