3425 W Franklin Street, Richmond, VA 23221

$625,000
1,906
SqFt

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Sold Price
$625,000
List Price
$599,000
Days on Market
4
Closing Date
Dec 10, 2025
MLS#
CVR-2531089
Status
CLOSED
Type
Multifamily
Style
Colonial, Two Story
Year Built
1951
County
Richmond City
Region
10 - Richmond

Property Description

Outstanding all-brick duplex in the heart of the coveted Museum District! This well-maintained property sits proudly on a large corner lot and offers an exceptional opportunity for both owner-occupants and savvy investors. The building is fully rented with amazing long-term tenants who would love to stay, providing immediate stability and strong cash flow. Each spacious apartment features 2 bedrooms and 1 full bath, separate utilities, and a consistent rental history—currently renting for approximately $1,500 per month per unit. With solid income and separate metering, the property cash flows with a conventional mortgage at today’s rates and list price, making it a rare turnkey investment in one of Richmond’s most desirable, walkable neighborhoods. All-brick construction, classic charm, and unbeatable proximity to museums, restaurants, Carytown, breweries, parks, and major commuter routes ensure ongoing tenant demand. Whether you’re expanding your portfolio or looking to live in one unit while renting the other, this duplex offers the perfect blend of stability, location, and long-term upside. Don’t miss this incredible Museum District opportunity!

Additional Information

Acres
0.19
Living Area
1,906
Exterior Features
Out Building(s)
Elementary School
Lois-Harrison Jones
Middle School
Albert Hill
High School
Thomas Jefferson
Basement
Crawl Space
Taxes
$6,468

Mortgage Calculator

Amount of Loan
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of The Steele Group. Selling Office: Bryan Lewis Homes and Land.

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