Welcome to 2111 Maplewood Avenue in the heart of RVA's Byrd Park neighborhood. This rare all-brick Quad apartment building (4 units of 780 sqft and 2 Bedrooms & 1 full bathroom each) has an outstanding rental history and a fantastic location. Perfect for city workers, VCU students or people who love to walk/run/bike in the nearby Byrd Park & Maymont! All utilities and systems are on separate meters and each unit features central air w/ gas heat, Private assigned parking behind the building and washer/dryer hook-ups in-unit. All units were refreshed with updated flooring and systems less than 10 years ago. The block has beautiful curb appeal and will be a sound investment for years to come. Unit D was recently leased through March of 2026 for $1425 per month/Unit B is leased through July 30th 2026 for $1450 monthly/Apt A should be rented shortly for $1450 monthly/Unit C (long-term tenant) renewed for $1300 through June 30, 2026. Total monthly rental income is $5,625 monthly, for a roughly 7.50% CAP Rate. Recent updates include: All new roof system in 2020, New Gas Furnace in Unit B 10/2024, New Electric Water Heater in Unit C 4/2025 and a fully remodeled crawl space completed in 3/2025: including new poly liner & insulation. This is a rare Byrd Park area multi-family opportunity to own a solid 4-unit investment property with great cash flow and RVA rental rates that only going up each year! *Note: The posted interior photos are from Unit A in 2024 - All 4 Units have the same flooring, paint color & kitchen finishings.* 8-1-25 Update: BUYER FINANCING FELL-THROUGH AND PROPERTY IS BACK ON THE MARKET AT NO FAULT OF THE SELLER.
Pending
Price cut: $25K (7/7)
$825,000
2111 Maplewood Ave, Richmond, VA 23220
8beds
4baths
3,132sqft
Est.:
Quadruplex, Multi Family, Multi Family
Built in 1924
-- sqft lot
$785,300 Zestimate®
$263/sqft
$-- HOA
What's special
Fully remodeled crawl spaceNew gas furnaceBeautiful curb appealRefreshed with updated flooringNew electric water heaterNew roof system
- 96 days
- on Zillow |
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