Located in the heart of Richmond's highly sought-after Carytown neighborhood, 3203 Ellwood Avenue offers a rare opportunity to acquire a fully renovated four-unit apartment building in one of the city's strongest rental markets. Each of the four thoughtfully updated one-bedroom apartments features modern finishes while maintaining the property's classic character. The building is fully leased, with all four apartments generating $1,499 per month, providing stable, in-place cash flow from day one. New Lease for Unit A starting Aug 1 for $1549 a month. Each unit is separately metered, with tenants responsible for all utilities, helping to minimize operating expenses. Just steps from Carytown's acclaimed restaurants, local boutiques, coffee shops, and entertainment, the property offers an exceptional walkable lifestyle that continues to drive strong tenant demand. Whether you're seeking a turnkey investment or a long-term hold in one of Richmond's premier neighborhoods, 3203 Ellwood Avenue is an outstanding opportunity.

Last Updated	6/26/2026	Tract	None
Year Built	1923	Community	10 - Richmond
County	Richmond City

SCHOOLS

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

Additional Details

APPLIANCES	Tankless Water Heater
AREA	10 - Richmond
BASEMENT	Crawl Space
CONSTRUCTION	Brick, Plaster
EXTERIOR	Balcony
GARAGE	Yes
LOT	2121 sq ft
PARKING	No Garage, On Street
SEWER	Public Sewer
STORIES	2
STYLE	Two Story
SUBDIVISION	None
TAXES	5424
WATER	Public
ZONING	R-48

Location

 

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