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2115 Phaup Street, Richmond, VA 23223 (MLS # 2614044)
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Outstanding opportunity to acquire a 9-unit multifamily asset at 2115 Phaup Street in Richmond, Virginia. This two-story brick apartment building offers a practical and consistent unit mix with nine (9) 2-bedroom, 1-bath residences, each approximately 700 square feet, for a total building size of approximately 6,448 square feet on a 0.27-acre parcel. The property features a NEWER roof, NEW exterior access, durable brick construction, multiple unit entrances, and functional interior layouts that support long-term rental operations. The property offers a courtyard-style exterior, low-maintenance brick façade, and bright interior spaces. Select units feature hardwood or plank-style flooring, white kitchen cabinetry, electric range appliances, and neutral wall colors. The interiors provide simple, efficient layouts that allow for continued rental use while also presenting potential for future cosmetic updates or operational improvements. Tenants are responsible for heat and electric, while the landlord pays for water and trash removal. The property also offers some off-street parking, along with convenient access to nearby public transportation and Interstate 64. All units are tenant occupied with a strong rent roll. Recent improvements and area growth suggest potential upside through lease-up, rent optimization, or future improvements, subject to market conditions and applicable lease terms. With a consistent tenant base, low maintenance, and strong rental income this apartment building presents a compelling opportunity for investors seeking a multifamily property in the Richmond market. Reach out today!
Property Type(s):
Multi Family
| Last Updated | 5/24/2026 | Tract | Woodville |
|---|---|---|---|
| Year Built | 1950 | Community | 10 - Richmond |
| County | Richmond City |
SCHOOLS
| Elementary School | Fairfield |
|---|---|
| Jr. High School | Martin Luther King Jr. |
| High School | Armstrong |
Additional Details
| APPLIANCES | Electric Water Heater |
|---|---|
| AREA | 10 - Richmond |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Brick |
| LOT | 0.2677 acre(s) |
| PARKING | Off Street, On Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Two Story |
| SUBDIVISION | Woodville |
| TAXES | 7332 |
| WATER | Public |
| ZONING | R-53 |
Location
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Listed with Hometown Realty
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: 5/24/26 11:02 PM PDT
This IDX solution is (c) Diverse Solutions 2026.
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