3427 W Franklin Street, Richmond, VA 23221 (MLS # 2624045)

Price $599,950
Status Active
Beds 0
Baths 0 Bath
Home size 1,810 sqft
Lot Size 8,399 sqft
Days on Market 17
Looking for a great investment or a potential future owner-occupant situation? This duplex is set in a great Museum District location. 3427 W. Franklin Street sits along one of Richmond's established residential corridors just a block off the beloved Gas Light block in the Museum District. This classic brick duplex offers two separately rented apartments with identical floor plans and a strong combination of character, practical improvements, and an excellent location. The property sits on a large lot with potential for off-street parking and/or space for a garage, and because it was purpose-built as a duplex, the layout is exceptionally functional. All utilities are separately metered for each unit, a real plus for investors and owner-occupants alike. Each apartment offers two bedrooms and one full bath with hardwood floors, well-proportioned rooms, abundant natural light. The first floor apartment has an in-unit stackable washer and dryer. The kitchens feature traditional wood cabinetry, a gas range, refrigerator, and updated flooring, while the baths include a newer vanity, tiled tub surround, and updated flooring. Additional improvements include electrical and lighting updates and refinished hardwood floors throughout. Both apartments are currently rented, providing existing rental income from the outset. Property improvements completed over time include vinyl replacement windows, a dimensional roof, deck improvements and updated deck flooring, a newer shed roof, and additional mechanical and interior updates. With its brick construction, hardwood floors, two identical and independent residences, separate utilities, and desirable West Franklin Street setting just steps from the Gas Light block, this is a well-positioned opportunity to acquire an established income-producing property in one of Richmond's most sought-after residential areas.
Property Type(s): Multi Family
Last Updated 9/17/2026 Tract None
Year Built 1951 Community 10 - Richmond
County Richmond City

SCHOOLS

Elementary School Fox
Jr. High School Albert Hill
High School Thomas Jefferson

Price History

Prior to Sep 17, '26 $624,950
Sep 17, '26 - Today $599,950

Additional Details

APPLIANCES Gas Water Heater, Washer/Dryer Stacked
AREA 10 - Richmond
BASEMENT Crawl Space
CONSTRUCTION Brick
EXTERIOR Balcony, Storage
INTERIOR Laminate Counters, Master Downstairs
LOT 8398 sq ft
LOT DIMENSIONS 60 X 140
PARKING On Street
SEWER Public Sewer
STORIES 2
STYLE Two Story
SUBDIVISION None
TAXES 6384
VIEW Yes
VIEW DESCRIPTION City
WATER Public
ZONING R-6

Location

 

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Listed with PARK 27

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.

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Last Updated: 9/21/26 2:18 AM PDT

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