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317 S Granby Street, Richmond, VA 23220 (MLS # 2606586)
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Turnkey investment opportunity featuring a well-maintained duplex with two income-producing units, ideal for both seasoned investors and those looking to expand their portfolio! Each unit offers 2 bedrooms and 1 full bath, with strong rental history and upside potential based on current market comparables. Unit A offers approximately 800 sq ft and is currently leased at $1,270/month plus $80 pet rent ($1,415 total), with a lease term through 05/31/2026. This unit includes a full-size washer and dryer, electric stove, refrigerator, and street parking. Estimated market rent ranges from $1,700-$1,750, presenting an excellent value-add opportunity. Unit B features a more spacious layout at approximately 1,085 sq ft and is leased at $1,335/month through 06/07/2027. Similar to Unit A, this unit includes a full-size washer and dryer, electric stove, refrigerator, and street parking. Market rent is also projected at $1,700-$1,750. Both tenants pay all utilities, minimizing owner expenses. Interior highlights across the property include hardwood flooring, ceramic tile, stainless steel appliances, ceiling fans, and built-in bookshelves, creating a desirable living space for tenants. Exterior features include a charming front porch and fenced rear yard, adding to tenant appeal. With stable leases already in place and room to increase rents over time, this property offers a strong combination of immediate cash flow and long-term appreciation potential. Renewal status to be confirmed, providing flexibility for future planning. Don't miss this opportunity to own a solid, income-generating property with built-in upside!
Property Type(s):
Multi Family
| Last Updated | 4/21/2026 | Tract | None |
|---|---|---|---|
| Year Built | 1925 | Community | 10 - Richmond |
| County | Richmond City |
SCHOOLS
| Elementary School | Lois-Harrison Jones |
|---|---|
| Jr. High School | Albert Hill |
| High School | Thomas Jefferson |
Price History
| Prior to Apr 21, '26 | $499,950 |
|---|---|
| Apr 21, '26 - Today | $474,950 |
Additional Details
| APPLIANCES | Electric Water Heater |
|---|---|
| AREA | 10 - Richmond |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Brick |
| LOT | 3075 sq ft |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Two Story |
| SUBDIVISION | None |
| TAXES | 4776 |
| WATER | Public |
| ZONING | R-48 |
Location
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Listed with Boone Residential 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: 5/2/26 8:16 AM PDT
This IDX solution is (c) Diverse Solutions 2026.
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