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4 S Auburn Avenue, Richmond, VA 23221 (MLS # 2609555)

Price $975,000
Status Active
Beds 0
Baths 0 Bath
Home size 2,360 sqft
Lot Size 2,701 sqft
Days on Market 9
This turnkey property offers investors and owner-occupants alike the rare opportunity to acquire a stabilized asset with modern upgrades, strong in-place income, and long-term upside. The property has undergone a comprehensive renovation, featuring new kitchens with stainless steel appliances, updated bathrooms, new LVP flooring, and efficient mini-split heating and cooling systems throughout. Additional capital improvements include rebuilt front and rear porches, a new front stair entry, and fresh exterior paint, all contributing to the property's strong curb appeal and long-term durability. Each unit is separately metered, allowing for streamlined operations and reduced landlord expenses. All units are currently leased at $1,499 per month, demonstrating the property's strong rental performance and positioning within the market. Unit A has been intentionally left vacant to accommodate showings, while also presenting an ideal opportunity for an owner-occupant to offset housing costs with rental income. Located just steps from Carytown's premier retail and dining corridor, the property benefits from exceptional walkability to restaurants, coffee shops, boutiques, and everyday conveniences. This highly desirable location continues to drive consistent tenant demand, making 4 S Auburn Avenue a compelling investment in one of Richmond's most resilient rental submarkets. Investment Highlights "¢ Fully renovated multifamily property in the heart of Carytown "¢ All units leased at $1,499/month (Unit A vacant for showings) "¢ Ideal investment or owner-occupant opportunity "¢ Separately metered utilities for all units "¢ Strong in-place income with proven rental demand "¢ Located in one of Richmond's most walkable and desirable neighborhoods Financial Overview "¢ Gross Rental Income: $72,000 annually "¢ Real Estate Taxes: $6,240 annually "¢ Insurance: $2,340 annually "¢ Utilities: Separately Metered - Tenant Expense
Property Type(s): Multi Family
Last Updated 4/14/2026 Tract None
Year Built 1913 Community 10 - Richmond
County Richmond City

SCHOOLS

Elementary School Lois-Harrison Jones
Jr. High School Albert Hill
High School Thomas Jefferson

Additional Details

AREA 10 - Richmond
BASEMENT Crawl Space
CONSTRUCTION Block, Brick
LOT 2701 sq ft
SEWER Public Sewer
STORIES 2
STYLE Two Story
SUBDIVISION None
TAXES 5748
WATER Public
ZONING R-02

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: 4/22/26 3:30 AM PDT

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